Adani Green Energy (AGEL) announced that Total S.A, through its step-down subsidiary has today invested approx. Rs 3707 crore for 50% partnership with AGEL in a Joint Venture (JV).
The JV houses 2,148 GW operating solar projects operating across 11 states in India. The portfolio includes the Restricted Group 1 & 2 projects, which had recently raised USD 862.5mm from the international bond markets. Restricted Group 2 was the first Investment Grade rated issuance (rated BBB-/Baa3/BBB-) by a renewable business in India and was widely recognized by global capital markets and international publications.
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