{"id":14838,"date":"2024-01-02T11:40:40","date_gmt":"2024-01-02T11:40:40","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14838"},"modified":"2024-01-02T12:11:19","modified_gmt":"2024-01-02T12:11:19","slug":"totalenergies-invests-300-million-in-india-focused-renewables-jv-with-adani-green-energy","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/totalenergies-invests-300-million-in-india-focused-renewables-jv-with-adani-green-energy\/","title":{"rendered":"TotalEnergies Invests $300 Million in India Renewables Market with new Adani Green Energy Joint Venture"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-14838\" data-postid=\"14838\" class=\"themify_builder_content themify_builder_content-14838 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>India-based renewable energy developer and operator Adani Green Energy Limited (AGEL) announced the completion of a joint venture with French energy giant TotalEnergies, including a $300 million investment by TotalEnergies for a 50% stake in a portfolio of more than 1 GW of solar and wind projects.<\/p>\n\n\n\n<p>Initially announced in September 2023, the new JV comes as India continues to scale up its investments in renewable energy, following a series of <a href=\"https:\/\/www.esgtoday.com\/india-commits-to-45-emissions-intensity-reduction-by-2030\/\">2030 climate commitments<\/a> set by the government in 2022, including a pledge to reduce emissions intensity by 45% and to transition to approximately 50% electric power from non-fossil-based sources.<\/p>\n\n\n\n<p>The new JV houses a portfolio of 1,050 MW of solar and wind power projects in India, including 300 MW already in operation and 500 MW under construction, as well as 250 MW of under-development assets.<\/p>\n\n\n\n<p>The launch of the JV forms the latest in a series of partnerships and transactions between the companies, including the acquisition by TotalEnergies of a 20% stake in AGEL in 2021, and an initial joint venture established in 2020 for the operation of 3 GW of solar power. <a href=\"https:\/\/www.esgtoday.com\/totalenergies-adani-to-invest-50-billion-in-worlds-largest-green-hydrogen-ecosystem\/\">TotalEnergies also announced<\/a> the acquisition of a 25% stake in AGEL parent Adani\u2019s green hydrogen-focused business Adani New Industries Ltd (ANIL) in 2022.<\/p>\n\n\n\n<p>At the time of the announcement of the formation of the new JV, TotalEnergies CEO and Chair Patrick Pouyann\u00e9, said:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cTotalEnergies has been actively developing, notably through AGEL, its presence in the Indian renewable power market, a very interesting market by its size and growth and the early development of a merchant market. After our first joint-venture AGEL23 in 2020 and our acquisition of shares in AGEL in 2021, this new joint-venture with AGEL will enable us to speed up our development through direct access to a large portfolio of assets and to support the ambition of AGEL in becoming the Indian leader of renewable energy.\u201d<\/p>\n<\/blockquote><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>India-based renewable energy developer and operator Adani Green Energy Limited (AGEL) announced the completion of a joint venture with French energy giant TotalEnergies, including a $300 million investment by TotalEnergies for a 50% stake in a portfolio of more than 1 GW of solar and wind projects. Initially announced in September 2023, the new JV [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":14839,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[6,36],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>TotalEnergies Invests $300 Million in India Renewables Market with new Adani Green Energy Joint Venture - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/totalenergies-invests-300-million-in-india-focused-renewables-jv-with-adani-green-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TotalEnergies Invests $300 Million in India Renewables Market with new Adani Green Energy Joint Venture - ESG Today\" \/>\n<meta property=\"og:description\" content=\"India-based renewable energy developer and operator Adani Green Energy Limited (AGEL) announced the completion of a joint venture with French energy giant TotalEnergies, including a $300 million investment by TotalEnergies for a 50% stake in a portfolio of more than 1 GW of solar and wind projects. Initially announced in September 2023, the new JV [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.esgtoday.com\/totalenergies-invests-300-million-in-india-focused-renewables-jv-with-adani-green-energy\/\" \/>\n<meta property=\"og:site_name\" content=\"ESG Today\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ESGToday\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-01-02T11:40:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-02T12:11:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.esgtoday.com\/wp-content\/uploads\/2024\/01\/TotalEnergies.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"669\" \/>\n\t<meta property=\"og:image:height\" content=\"441\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Mark Segal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:site\" content=\"@EsgToday\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mark Segal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.esgtoday.com\/totalenergies-invests-300-million-in-india-focused-renewables-jv-with-adani-green-energy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.esgtoday.com\/totalenergies-invests-300-million-in-india-focused-renewables-jv-with-adani-green-energy\/\"},\"author\":{\"name\":\"Mark Segal\",\"@id\":\"https:\/\/www.esgtoday.com\/#\/schema\/person\/5b95966b7f094fed5324963b6f48f30e\"},\"headline\":\"TotalEnergies Invests $300 Million in India Renewables Market with new Adani Green Energy Joint Venture\",\"datePublished\":\"2024-01-02T11:40:40+00:00\",\"dateModified\":\"2024-01-02T12:11:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.esgtoday.com\/totalenergies-invests-300-million-in-india-focused-renewables-jv-with-adani-green-energy\/\"},\"wordCount\":308,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.esgtoday.com\/#organization\"},\"articleSection\":[\"Companies\",\"Energy Transition\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.esgtoday.com\/totalenergies-invests-300-million-in-india-focused-renewables-jv-with-adani-green-energy\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.esgtoday.com\/totalenergies-invests-300-million-in-india-focused-renewables-jv-with-adani-green-energy\/\",\"url\":\"https:\/\/www.esgtoday.com\/totalenergies-invests-300-million-in-india-focused-renewables-jv-with-adani-green-energy\/\",\"name\":\"TotalEnergies Invests $300 Million in India Renewables Market with new Adani Green Energy Joint Venture - 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