TotalEnergies has planned to invest 300 million dollars in the creation of a joint venture specializing in wind and solar with the Indian giant Adani.

TotalEnergies is continuing its development in renewable energies. The new entity that the company is about to create will be owned equally by both companies. It will have a portfolio, “both solar and wind”, “of 1,050 MWac” according to TotalEnergies. According to the two partners, Adani Green Energy Limited (Agel) will bring “the assets, which are at this stage either already operational or under construction or under development”. The French group believes that “this new transaction will allow TotalEnergies to strengthen its strategic partnership with Agel and support the company in its ambition to become the leader in renewable energies in India, with a target of 45 GW of renewable energy capacity by