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Adani Green Energy, TotalEnergies enter into binding agreement to create new JV

20 Sep 2023 Evaluate

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.

Adani Green Energy Share Price

1151.75 24.95 (2.21%)
20-Apr-2026 11:21 View Price Chart
Peers
Company Name CMP
NTPC 399.20
Tata Power 434.25
Adani Power 204.30
Power Grid Corp 322.05
Torrent Power 1625.40
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