Adani Group on Monday said it has sold a 20 per cent equity stake in Adani Green Energy to global energy major Total of France for $2.5 billion.
The purchase of 20 per cent minority interest by Total was done “via the acquisition of shares held by the Adani Promoter Group in Adani Green Energy Limited (AGEL)”, a statement by Adani said.
Global energy majors such as Total and BP have increased their focus on green energy and lowered their stakes in fossil fuel with growing consciousness about climate change and the adverse impact of greenhouse gas.
International Energy Agency in its report said “the oil and gas industry is facing increasing demands to clarify the implications of energy transitions for their operations and business models,
