TotalEnergies plans to invest in Adani Green Energy, with a potential $6 billion deal in the making, a boost for both.
TotalEnergies
eyes Adani Green's renewable energy projects. A significant development following past investment plans.
Adani Group and TotalEnergies discuss a major investment deal, marking a significant move in their partnership.
Earlier disputes halted investments; accusations against Adani were refuted. Recent progress suggests reconciliation.
Total seeks to expand its clean energy portfolio with potential investments in Adani's green projects.
The deal could see Total invest approximately $6 billion, strengthening its presence in the Indian market.
Total currently holds a 19.75% stake in Adani Green, exploring opportunities for a larger share.
Both Total and Adani Group consider significant investments in green hydrogen projects.
Total's earlier investments in Adani Gas and Adani Green signaled a growing partnership.
Adani Group's ambitious $7 billion plan for its green energy business aligns with Total's interests.