Joint Venture27 Dec 2023, 01:36 pm
Adani Green Energy Ltd completes JV with TotalEnergies raises USD 300 million
AI Summary
Adani Green Energy Limited (AGEL) has completed the transfer of its 1,050 MW renewable portfolio to a joint venture (JV) with TotalEnergies, raising USD 300 million in equity investment. The JV will house a mix of operational, under construction, and under development assets in India, with AGEL contributing the assets and TotalEnergies making the equity investment.,
Key Highlights
- AGEL completes JV with TotalEnergies
- raises USD 300 million
- 1,050 MW renewable portfolio transferred
- strategic alliance reinforced
- target of 45 GW capacity by 2030