Adani Green Energy Ltd (AGEL) has completed a 50:50 joint venture (JV) with TotalEnergies. As part of this JV, TotalEnergies has invested USD 444 million to acquire a 50 per cent stake in AGEL’s solar projects at the world’s largest renewable energy plant in Khavda, Gujarat.

The agreement was signed with TotalEnergies Renewables Singapore and Adani Renewable Energy Sixty Four (ARE64L). AGEL and TotalEnergies now hold an equal 50:50 stake in ARE64L, which houses a project portfolio of 1,150 MWac.

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