Adani Green Energy and TotalEnergies form a 50:50 joint venture for a 1,150 MWac solar project in Gujarat.

Adani Green Energy Ltd (AGEL) has formed a 50:50 joint venture with TotalEnergies, where TotalEnergies invested $444 million for a 50% stake in Adani Renewable Energy Sixty Four Limited (ARE64L). This venture encompasses a 1,150 MWac solar project portfolio in Gujarat. AGEL will manage daily operations, aiming to monetize assets and enhance growth potential, with a goal of achieving 50GW renewable capacity in India by 2030.

September 26, 2024
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