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Total commits $510 mn for 50% stake in Adani Green's solar venture

The balance 50% stake in the JV shall be held by AGEL. The solar portfolio is spread across 11 states in India

Photo: Bloomberg

1 min read Last Updated : Feb 06 2020 | 4:27 PM IST

Adani Green Energy and Total Gas & Power Business Services SAS (Total) have entered into a binding arrangement for investment of approximately $510 million for acquisition of 50% stake and other instruments in a joint venture (JV) which will house 2,148 MWac operating solar projects presently 100% owned by AGEL.

The balance 50 per cent stake in the JV shall be held by AGEL. The solar portfolio is spread across 11 states in India.

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