Total to buy 50% stake in Adani Group's 2 GW Indian solar portfolio
Total and Adani Green Energy Limited (AGEL) will create a 50/50 joint venture into which AGEL will transfer its solar assets in operation. The projects are spread over 11 Indian states and have a cumulative capacity of over 2 GW. All the projects benefit from nearly 25-year power purchase agreements (PPA) with national and regional electricity distributors, with a fixed rate.
The transaction has a value of approximately US$500 million and is in line with the Group’s objective of double-digit returns on renewable projects. It remains subject to the approval of the relevant authorities.
Country updates
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February 04, 2020
EDF, SITAC completes the 105 MW Verdant wind project in Gujarat
EDF Renewables, in a 50/50 joint venture with the SITAC Group, has announced the commissioning of the 105 MW Verdant wind project in the State of Gujarat in India. The wind farm is compose...
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January 28, 2020
IFC to invest US$36m in 250 MW solar project in Rajasthan
The International Finance Corporation (IFC), a unit of the World Bank, is set to invest up to US$36 million through debt financing in the 250 MW solar photovoltaic plant proposed by Mahindra Rene...
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January 20, 2020
Tender launched for 1.2GW hybrid solar-wind projects in India
The Solar Electricity Corporation of India (SECI) has launched a request for selection (RfS) for the development of up to 1.2 GW solar-wind hybrid projects in India. The proposed projects...
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January 15, 2020
Technique Solaire commissions the 27 MWp solar PV project in Parbhani
Technique Solaire has commissioned the 27 MWp solar photovoltaic project located in the territory of the villages of Ratnapur and Manwath, district of Parbhani, state of Maharashtra. The project comp...
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January 14, 2020
Adani Green starts the commercial operation of the 75 MW wind project in Gujarat
Adani Green Energy Ltd, part of the company Adani Group, has started the operations of the 75 MW wind farm in the state of Gujarat, India. The 75 MW onshore power plant will operate under a 25-year p...
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