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Total SA enters into a joint venture with Adani Green, invests Rs 3,707 cr

Adani Green in a public statement said the joint venture has 2 GW of operating solar projects operating across 11 states in India

Photo: Bloomberg
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Photo: Bloomberg

BS Reporter New Delhi
French multinational energy major Total SA has entered into a joint venture with Adani Green Energy Limited (AGEL), the renewable energy company of the Adani Group. Total has invested Rs 3,707 crore for a 50 per cent partnership in the joint venture company. 

AGEL in a public statement said the joint venture has 2 GW of operating solar projects operating across 11 states in India. 

It said the portfolio also includes the Restricted Group 1 & 2 projects, which had recently raised USD 862.5 million from the international bond markets. Restricted Group 2 was the first Investment Grade rated issuance

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