Green hydrogen: TotalEnergies to pick up 25% in Adani arm
The Adani group and France’s TotalEnergies have entered into a new partnership to jointly create the world’s largest green hydrogen ecosystem.
In this strategic alliance, Total Energies will acquire a 25 per cent minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL). The new partnership, centred on green hydrogen, is expected to transform the energy landscape both in India and globally.
“Both Adani and TotalEnergies are pioneers in energy transition and clean energy adoption, and this joint energy platform further strengthens the public ESG commitments made by both companies. ANIL’s ambition is to invest over $50 billion over the next 10 years in green hydrogen and associated ecosystem,” Adani group said.
