CHENNAI: Total Energies has invested $300 million in Adani Green Energy Limited (AGEL) subsidiary for acquiring 50% stake in its projects, the company said in a statement. The two companies have completed a joint venture (JV) announced in September. The JV houses a 1,050 MW portfolio consisting of already operational (300 MW), under construction (500 MW) and under development assets (250 MW) with a blend of both solar and wind power projects in India.
With this transaction, Total Energies has reinforced its alliance with AGEL and support in enabling AGEL’s target of 45 GW capacity by 2030, Adani Green Energy said in a statement. Meanwhile, Adani Energy Solutions Limited (AESL), part of Adani Group’s power transmission and distribution company, said it has received the Letter of Intent for the acquisition of Halvad Transmission from PFC Consulting Limited (PFCCL).
