TotalEnergies SE will invest $300 million in a new clean energy joint venture with the Adani Group, marking the French energy giant’s first public deal since a US short-seller levelled fraud allegations against Gautam Adani’s business empire.
Total already has a 19.7% stake in Adani Green Energy Ltd (AGEL). It also has an equal joint venture with AGEL, called AGE23L that holds a portfolio of 2,353 MW.
In a stock exchange filing, AGEL said its Board has approved “the execution of a binding term-sheet to be entered into between Adani Green Energy Twenty Three Limited (AGE23L) and TotalEnergies SE (Total) pursuant to which, inter alia,
