Adani Green Energy enters a 50-50 JV with TotalEnergies
Notable because
TotalEnergies’ USD 444 million investment in Adani Renewable Energy Sixty Four Ltd (ARE64L) will significantly boost the development of utility-scale solar projects in Khadva, Gujarat, at the largest renewable energy park under development in the world. The strategic partnership, which covers operational and under-development assets, is expected to enhance operational efficiencies alongside providing a strong push towards realising Adani Green’s target of installing 50 GW of RE capacity by 2030, thereby contributing to India’s RE capacity targets.
What to look out for in the months ahead
How will the collaboration shape Adani Green’s future strategies to raise capital investments?
Will TotalEnergies’ growing partnership with Adani Green help attract greater international interest in other clean energy segments in India as well, such as green hydrogen?