TotalEnergies to Invest $300 Million in Renewables Venture With Adani Green Energy
Provided by
Dow Jones
By Giulia Petroni
TotalEnergies has entered into an agreement with Adani Green Energy to invest $300 million in a joint venture that will house 1.05 gigawatts of solar and wind projects, the Indian renewable-energy company said on Wednesday.
The venture will be equally owned by the two companies, Adani Green Energy said. Some of the projects are already operational, while others are still under construction or development.
The transaction is under discussion and subject to customary approvals and conditions.
Adani Green Energy is owned by Adani Group.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
September 20, 2023 05:40 ET (09:40 GMT)
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