Adani Green Energy Ltd. has signed a binding agreement for a fresh $300 million investment from TotalEnergies SE.
The Adani group company approved a term sheet to form a new 50:50 joint venture with Total, either directly or through its affiliates, and change certain terms of its investment in Adani Green Energy Twenty-Three Ltd., an existing equal partnership, according to an exchange filing.
The new JV will house 1,050 megawatts of alternating current portfolio, comprising a mix of operational (300 MWac), under-construction (500 MWac) and under development assets (250 MWac) of solar and wind power, it said.
Total, through its affiliate entities, holds about 19.75% in Adani Green. The transaction is subject to customary approvals and conditions.
Disclaimer: AMG Media Networks Ltd. (AMNL) currently owns 49% stake in Quintillion Business Media Ltd. (QBML), the owner of BQ Prime Brand. AMNL 35701vvc2has entered into an MOU to acquire the balance 51% stake in QBML. Post acquisition, QBML will become a wholly owned subsidiary of AMNL.
RECOMMENDED FOR YOU
Adani Power, Druk Green Power To Jointly Develop Rs 6,000-Crore Hydroelectric Project In Bhutan
Sep 06, 2025
Adani Electricity Mumbai Buys Back Bonds Worth $44.66 Million Six Years Ahead Of Maturity
Sep 02, 2025
SBI, AFD Sign 100 Million Euro Line Of Credit To Boost Green Financing In India
Aug 31, 2025
 03_06_24.jpg?rect=0%2C0%2C3500%2C1969&w=75)
Adani Portfolio Q1 Review: EBITDA Hits All-Time High; Ambuja Cement, Adani Ports Among Growth Drivers
Aug 28, 2025
POPULAR