 "Adani Green Ltd")
Adani Green Energy Ltd (AGEL) on Thursday announced that it has completed signing a 50:50 joint venture (JV) with TotalEnergies, according to an exchange filing.
As part of the JV, TotalEnergies has invested USD 444 million in its subsidiary to acquire a 50 per cent stake in AGEL's solar projects located at the world's largest renewable energy plant in Khavda, Gujarat, the filing said.
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"We would like to inform that the company has signed a Joint Venture Agreement with TotalEnergies Renewables Singapore Pte Ltd (TotalEnergies) and Adani Renewable Energy Sixty Four Ltd (ARE64L)," AGEL said in the filing.
AGEL and TotalEnergies own a 50:50 stake in ARE64L, which houses a 1,150 MWac (megawatt alternate current) project portfolio.
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