Adani Green Energy and Total Gas & Power Business Services SAS (Total) have entered into a binding arrangement for investment of approximately $510 million for acquisition of 50% stake and other instruments in a joint venture (JV) which will house 2,148 MWac operating solar projects presently 100% owned by AGEL.
The balance 50 per cent stake in the JV shall be held by AGEL.
The solar portfolio is spread across 11 states in India.
