Giving information about this agreement in the exchange filing, Adani Green said that the transaction details are under discussion and information in this regard will come later.
New Delhi:
The Board of Directors of Adani Green Energy has approved the joint venture agreement with France’s TotalEnergies. Under this agreement, TotalEnergies will invest $444 million in the joint venture.
Giving this information in the exchange filing, the company said that the transaction details are under discussion and information in this regard will come later.
Operational and under-construction projects will also become part of the JV
The 50:50 joint venture will have a mix of operational and under-construction solar projects with long-term and short-term merchant contracts. The joint venture agreement will involve Adani Renewable Energy Sixty Four and TotalEnergies Renewables Singapore.
The company said that the new joint venture will have a 1,150 MW alternative current (1,150 MWac) portfolio. Adani Green and TotalEnergies have a 50:50 stake in Adani Green Energy Twenty Three and Adani Renewable Energy Nine.
(Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group Company.)
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