TotalEnergies SE (Total) is investing $300 million in a new clean energy joint venture with the Adani group — the first deal by the French giant in the domestic conglomerate since the Hindenburg report.
Total will hold a 50 per cent stake in the new joint venture, with Adani Green Energy Ltd (AGEL) holding the rest.
It will house a portfolio of 1,050 megawatts (mw) — 300mw of operational capacity, 500mw under-construction projects and 250mw under-development assets, across solar and wind power.
