Total on Monday said it had agreed to acquire 20% stake in Adani Green Energy Ltd (AGEL). This follows an earlier commitment by the French company to buy 50% interest in a 2.35 GW portfolio of operating solar assets owned by AGEL. The total investment is pegged at $2.5 billion.
The investment in AGEL — to be executed via the acquisition of shares held by the Adani Promoter Group — follows other commitments that Total has made in the Adani Group, covering LNG terminals, gas utilities and renewable assets across India, the Adani Group said in a statement.
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