Total commits $510 mn for 50% stake in Adani Green's solar venture

The balance 50% stake in the JV shall be held by AGEL. The solar portfolio is spread across 11 states in India

Adani Green Energy and Total Gas & Power Business Services SAS (Total) have entered into a binding arrangement for investment of approximately $510 million for acquisition of 50% stake and other instruments in a joint venture (JV) which will house 2,148 MWac operating solar projects presently 100% owned by AGEL.

The balance 50 per cent stake in the JV shall be held by AGEL. The solar portfolio is spread across 11 states in India.

Powered by Capital Market - Live News