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Chaitanya Kulkarni's The Indian Capitalist

The Indian Capitalist gives global views on Indian financial
markets, diplomacy, business, technology

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France's Total buys 50% stake in Adani Green's 2GW solar portfolio for $500 million.

Updated 4 Years Ago

By Chaitanya Kulkarni

Total and Adani Green Energy Limited (AGEL) will create a 50/50 joint venture into which AGEL will transfer its solar assets in operation. These projects are spread over 11 Indian states and have a cumulative capacity of over 2 GW. All the projects benefit from nearly 25-year power purchase agreements (PPA) with national and regional electricity distributors, with a fixed rate.

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Chaitanya Kulkarni's The Indian Capitalist

France's Total buys 50% stake in Adani Green's 2GW solar portfolio for $500 million.

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