Total S.A. (TOTAL), through its step-down subsidiary has invested approximately Rs 3,707 crore for 50% partnership with Adani Green Energy (AGEL) in a Joint Venture (JV). The JV houses 2,148 GW operating solar projects operating across 11 states in India. The portfolio includes the Restricted Group 1 & 2 projects, which had recently raised $862.5 million from the international bond markets.
The transaction underlines the partners’ commitment to contribute to addressing India’s sustainable development goals. Through the establishment of the joint venture, both partners aim to adhere to highest standards of governance and strengthen the foundation of the partnership between the two groups.
Adani Green Energy, part of the diversified Adani Group, is one of the largest renewable companies in India.
