Mumbai: TotalEnergies’ decision to pause $4-billion investment in a green hydrogen venture with Adani Group, pending audits of the Indian conglomerate accused of fraud by an US investor, will impact the project’s growth funding as the French energy major was to also guarantee half of its debt, people in the know said.
This could be a big blow for the new venture’s timelines of production of green hydrogen at $1 per kg by 2030.
