Analysts think it is an affirmation of PE interest in green energy; could be a precursor to the company going public, with Adani Green Energy being the largest in terms of value.
Total buys 20% stake in Adani Green Energy
Total said on Monday that its purchase of the stake in AGEL would give Total a seat on the board of directors of AGEL
Reuters | January 28, 2021 | Updated 09:40 IST
Total and Adani had earlier struck a partnership deal back in 2018 in the liquefied natural gas (LNG) sector
French oil and energy group Total has agreed to buy a 20% minority stake in India s Adani Green Energy Limited (AGEL) from Adani Group, as Total builds up its presence in the renewable energy sector. Total said on Monday that its purchase of the stake in AGEL would give Total a seat on the board of directors of AGEL. Total and Adani had earlier struck a partnership deal back in 2018 in the liquefied natural gas (LNG) sector.