TotalEnergies close to investing $300 million in JV with Adani Green Energy

French company TotalEnergies is in the final rounds of investing about $300 million in a new joint venture (JV) company with Adani Green Energy, The Economic Times (ET) has reported. The joint venture will create a facility that will house close to 1 GW of renewable energy projects; the newspaper quoted people aware of the development.

The ownership of the JV company will be shared equally between the two partners. The JV will develop renewable energy-related infrastructure in the domain of solar and wind energy. The report said the assets will have 250 MW of operational capacity, 500 MW of under-construction facilities, and 250 MW of planned projects.