TotalEnergies to Invest $444 Million in New JV with Adani Green
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TotalEnergies SE will invest about $444 million a new joint venture with Adani Green Energy Ltd. to develop solar projects in India, expanding cooperation between the French energy giant and billionaire Gautam Adani’s conglomerate.
TotalEnergies will hold 50% stake in the new entity, which will comprise solar farms in operation and under construction, according to an exchange filing Monday. Adani Green, which is 19.75% owned by Total, will own the other half of the venture.