Adani Green, an Adani Group company, said Total will invest an additional US$300 million to form a new 5050 joint venture company with AGEL. Adani Green is the country’s largest renewable company. The company’s portfolio is 20434 MW. The market cap of Adani Green is Rs 1.59 lakh crore.
New Delhi, Business Desk. France’s Total Energy SE will invest $300 million in a renewable project under a joint venture with India’s Adani Group. This information was given by the company in its stock exchange filing on Wednesday.
Adani Green signed the agreement
Adani Green, an Adani Group company, said Total will invest an additional US$300 million (directly or through its affiliates) to form a new 50:50 joint venture company with AGEL.
Adani Green Energy Twenty Three Limited (AGE23L) will have a portfolio of 1,050 MW, comprising a mix of solar and wind along with already commissioned (300 MW), under construction (500 MW) and under development assets (250 MW).
Adani Green’s business
Adani Green is the country’s largest renewable company. The company’s portfolio is 20,434 MW. The company has PPAs with state and central governments for up to 25 years. 54 projects of the company are operational, while 12 are under construction. The market cap of Adani Green is Rs 1.59 lakh crore.
Trading in shares of Adani Group
Till the time of writing the news, Adani Green is trading at Rs 1002.75 with a decline of 0.20 percent. At the same time, shares of Adani Enterprises were trading at Rs 2475.45, down by 1.08 percent, shares of Adani Power were down at Rs 369.65, down by 1.41 percent, shares of Adani Total Gas were trading at Rs 636.90 per share, down by 0.35 percent.
