Adani Green Energy (AGEL) and TotalEnergies have entered into a binding agreement to create a new Joint venture (JV), equally owned by TotalEnergies and AGEL, with a 1,050 MW portfolio. This portfolio will comprise a mix of already operational (300 MW), under construction (500 MW) & under development assets (250 MW) with a blend of both solar & wind power. AGEL will contribute to the JV the assets and TotalEnergies an equity investment of $300 MUS which will further support their development.
TotalEnergies will reinforce its strategic alliance with AGEL and support the company in becoming the Indian leader of renewable energy, with a target of 45 GW renewable power capacity by 2030.
Adani Green Energy builds, owns and operates power plants powered by renewable sources of energy like solar and wind.
Company Name | CMP |
---|---|
NTPC | 357.90 |
Tata Power | 444.20 |
Power Grid Corp | 324.60 |
Adani Power | 742.00 |
Torrent Power | 1595.75 |
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