 "Oil major Total to invest $510 mn for 50% stake in JV with Adani Green")
Energy conglomerate Adani will be in a second partnership with French oil major Total — this time for its solar energy business. Total will invest $510 million for a 50 per cent stake in 2,148 megawatt (Mw) solar capacity, owned by Adani Green Energy (AGEL).
AGEL said it had entered into a binding arrangement with Total Gas & Power Business Services SAS for an investment of approximately $510 million for acquisition of 50 per cent stake and other instruments in a joint venture (JV) company. The JV, the statement said, would house 2,148 Mw of operating solar projects — presently 100
