Home Featured Total invests Rs 3707 in solar JV with Adani Green Energy
Total invests Rs 3707 in solar JV with Adani Green Energy

Total invests Rs 3707 in solar JV with Adani Green Energy

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Adani Green Energy (AGEL) announced that Total S. A, through its step-down subsidiary has today invested approx.

Rs 3707 crore for 50% partnership with AGEL in a Joint Venture (JV).

The JV houses 2,148 GW operating solar projects operating across 11 states in India. The portfolio includes the Restricted Group 1 & 2 projects, which had recently raised USD 862.5mm from the international bond markets. Restricted Group 2 was the first Investment Grade rated issuance (rated BBB-/Baa3/BBB-) by a renewable business in India and was widely recognized by global capital markets and international publications.

Source: stock exchange
Anand Gupta Editor - EQ Int'l Media Network

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