Total to get from Adani a 20 percent passion in solar programmer AGEL
- French power business Total SA obtained a 20 percent minority interest in Adani Green Energy Limited (AGEL), part of Indian infrastructure business Adani Group, and furthermore a 50 percent stake in a 2.35 GW portfolio of running solar possessions owned by AGEL for around $2.5 billion.
According to the firm, the investment is "another step in the calculated partnership between Adani Group as well as Total," which covers investments in LNG terminals, gas utility service, and also eco-friendly assets across India. Total will have a seat on the Board of Directors of the firm.
AGEL began in 2015 with the globe's largest single area solar power project situated in Kamuthi, Tamil Nadu (648 MW). As on day, the business has more than 14.6 GW of gotten eco-friendly capability, with an operating capability of 3 GW and also another 3 GW incomplete as well as 8.6 GW under advancement. The firm aims to attain 25 GW of sustainable power generation by 2025.
Total purposes to reach 35 GW of gross manufacturing ability from sustainable resources by 2025 as well as adding 10 GW annually afterwards. At the end of 2020, Total's gross power generation capacity worldwide was around 12 GW, consisting of near to 7 GW of renewable energy.
Also read
- AMPYR Secures $229 Million to Accelerate UK Solar-and-Storage Growth
- Qatar Consortium to Build 1 GW PV Plant in Syria
- Altus Power Expands Solar Reach with Key Acquisition
- Solveo Energises Growth With €98m Mirova-Led Renewables Expansion Funding Boost
- Enel Chile CEO Turchiarelli Resigns; Palumbo Takes Helm July 2025
