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Adani Green finalizes JV with TotalEnergies, raises $300 mn
Mint Mumbai
|December 28, 2023
Adani Green Energy Limited (AGEL) announced on Wednesday that it had finalised its 1,050-megawatt joint venture (JV) with TotalEnergies.
TotalEnergies has invested about $300 million in the AGEL subsidiary, acquiring a 50% stake in the JV’s projects. In a regulatory filing, Adani Green wrote: "Further to the execution of the joint venture agreement, the company and TotalEnergies owns a 50:50 stake in ARE9L. ARE9L in-turn houses a 1,050 MW project portfolio. TotalEnergies has acquired a 50% stake in ARE9L for an amount of $300 million."
Cette histoire est tirée de l'édition December 28, 2023 de Mint Mumbai.
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