French energy major TotalEnergies’ latest $444 million investment in a joint venture with Adani Green Energy has taken its total commitment to this Adani company to $3.2 billion.
TotalEnergies continues to invest in Adani Green, calling it as a strategic move in the Indian electricity market. This is in contrast to its decision to pause a green hydrogen partnership with the group earlier.
“This new transaction will allow TotalEnergies to capitalize on the ongoing liberalization of the Indian electricity market,” the company said in a press release.
It will invest $444 million for a 50 per cent stake in a joint venture with Adani Green, which will manage 1,150 megawatts (Mw) of solar assets.
You can get Totalenergies valuation, here https://www.growthvaluation.com/download-category/evaluations/