{"id":396043,"date":"2021-01-19T10:26:38","date_gmt":"2021-01-19T04:56:38","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=396043"},"modified":"2021-01-19T10:45:30","modified_gmt":"2021-01-19T05:15:30","slug":"total%e2%80%8ase-set-to-acquire-a-20-stake-in-adani-green-energy","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/total%e2%80%8ase-set-to-acquire-a-20-stake-in-adani-green-energy\/","title":{"rendered":"Total\u200aSE set to acquire a 20% stake in Adani Green Energy"},"content":{"rendered":"<p>Total SE on Monday said it will buy 20% stake in Adani Green Energy Ltd as well as a 50% stake in a 2.35 gigawatts (GW) portfolio of its operating solar assets for $2.5 billion. Besides, Total will also get a seat on the board of Adani Green Energy.<\/p>\n<p>As of September 2020, the promoter group held 74.92% stake in Adani Green.<\/p>\n<p>\u201cGiven the size of the market, India is the right place to put into action our energy transition strategy based on two pillars: renewables and natural gas,&#8221; said Patrick Pouyann\u00e9, chairman and chief executive officer of Paris-based Total.<\/p>\n<p>Adani Green has over 14.6 GW of contracted renewable capacity, with an operating capacity of 3 GW and another 3 GW under construction and 8.6 GW under development. The company aims to achieve 25 GW of renewable power generation by 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Total SE on Monday said it will buy 20% stake in Adani Green Energy Ltd as well as a 50% stake in a 2.35 gigawatts (GW) portfolio of its operating solar assets for $2.5 billion. Besides, Total will also get a seat on the board of Adani Green Energy. As of September 2020, the promoter group held 74.92% stake in Adani Green. \u201cGiven the size of the market, India is the right place to put into action our energy transition strategy based on two pillars: renewables and natural gas,&#8221; said Patrick Pouyann\u00e9, chairman and chief executive officer of Paris-based Total. [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,237],"tags":[],"class_list":["post-396043","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-power-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=396043"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/396043\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=396043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=396043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=396043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}