Focus on renewable electricity generation is one of the key aspects of Total s carbon transition strategy.
Total s acquisition of AGEL stake strengthens its position in low-carbon generation: Moody s ANI | Updated: Jan 25, 2021 12:05 IST
Frankfurt [Germany], January 25 (ANI): Total SE s acquisitions of 20 per cent minority interest in Adani Green Energy Ltd (AGEL) from Adani Group for around 2.5 billion dollars is credit positive because it strengthens Total s position in the low carbon business, according to Moody s Investors Service.
This includes prior acquisition of a 50 per cent stake in a 2.35 GWac portfolio of operating solar assets owned by AGEL. We consider the acquisition credit positive because it strengthens Total s position in the low carbon business, facilitating its goal to achieve carbon neutrality by 2050, said Moody s in its latest credit outlook released on Monday.