French energy major Total proposes to acquire 20% stake in Adani Green Energy
IANSJan 18, 2021, 12:46 IST
BCCL
Ahmedabad, Deepening its
strategic alliance in India s sustainable energy space, French energy major Total proposes to acquire 20% minority interest in Adani Green Energy Ltd. (AGEL).
The deal will be completed with Total acquiring shares held by the Adani Promoter Group in AGEL. The transaction marks the deepening partnership between the
Adani Group and Total in the transition and green energy fields in India.
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The investment in AGEL is another step in the strategic alliance between Adani Group and Total, across various businesses and companies of the Adani Group, covering investments in LNG terminals, gas utility business, and renewable assets across India.
Adani Solar Energy Kutchh One Limited, a step-down subsidiary of Adani Green Energy Limited (AGEL) has commissioned 150 MW solar power project.In a regulatory filing, Adani Green said that despite all the challenges of global pandemic Covid-19, .
France s Total buys 20% stake in Adani Green Energy energylivenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energylivenews.com Daily Mail and Mail on Sunday newspapers.
Total inks USD 2.5 billion deal with Adani Group; picks up 20 per cent stake in AGEL PTI
New Delhi: French oil and energy group ‘Total’ has agreed to a USD 2.5 billion deal that includes buying a 20 per cent minority stake in Adani Green Energy Ltd (AGEL) from Adani Group, as it builds up its presence in the renewable energy sector. The deal involves Paris-based energy group ‘Total’ getting a board seat in the largest solar energy developer in the world, as well as a 50 per cent stake in a 2.35 gigawatts (GW) portfolio of operating solar assets, the two firms said in statements.