Total Expands Partnership with Adani to Boost Solar Power Growth in India

Total and Adani Group strengthen partnership to boost solar power growth in India as part of Total’s renewable energy development strategy. Indian government’s strong support for renewable energy aims to increase the country’s capacity from 81 GW in 2019 to 225 GW by 2022.

Total and Adani Green Energy Limited (AGEL) establish a 50/50 joint venture, with AGEL transferring its operational solar assets totaling over 2 GW across 11 Indian states. These solar projects benefit from nearly 25-year power purchase agreements (PPA) with fixed rates from national and regional electricity distributors.

The transaction is valued at approximately $500 million and aligns with Total’s objective of achieving double-digit returns on renewable projects, subject to relevant authorities’ approval.

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