Total to acquire a 20% stake in AGEL from Adani Group for $2.5bn.

Total, a broad energy company, agreed to acquire a 20% stake in Adani Green Energy, an Indian renewable energy company, from Adani Group, an Indian multinational conglomerate company, for $2.5bn. “This agreement is an important step in our alliance with the Adani Group in India and our common vision and goals with respect to the importance of access to low carbon energy in India. Our entry into AGEL is a major milestone in our strategy in the renewable energy business in India put in place by both parties. Given the size of the market, India is the right place to put into action our energy transition strategy based on two pillars: renewables and natural gas," Patrick Pouyanne, Total Chairman and CEO.