BI India Bureau
Adani Green Energy (AGEL) and TotalEnergies have entered into a binding agreement to create a new JV, equally owned by TotalEnergies and AGEL. TotalEnergies, which is a strategic partner of Adani Green Energy, will invest $300 million into the joint venture which will hold a portfolio of 1,050 megawatts. This portfolio will comprise a mix of already operational capacity to the tune of 300 megawatts. It will also include 500 megawatts under construction and 250 megawatts which is under development — with a blend of solar and wind power.