WASHINGTON, Jan. 26, 2021 /PRNewswire/ Weak shareholder returns in the oil and gas sector, coupled with a pandemic-induced demand shock, are challenging .
Total to acquire 20 pc stake in Adani Green Energy ANI | Updated: Jan 18, 2021 11:11 IST
Ahmedabad (Gujarat) [India], January 18 (ANI): The Adani Group said on Monday that France-based Total will acquire 20 per cent minority interest in Adani Green Energy Ltd (AGEL).
The investment in AGEL is another step in the strategic alliance between Adani Group and Total across various businesses and companies of the Adani Group, covering investments in LNG terminals, gas utility business and renewable assets across India. This is in-line with the commitment of both Adani and Total to be leading participants in the sustainable economy of future and help India in its quest for development of renewable energy, said an official statement issued by the Adani Group.
This was the year corporate renewable energy went mainstream. The world’s tech giants continued to lead the way – Amazon
took first place from Google as largest procurer of wind and solar – but they were joined by heavy industries, pharmaceuticals, retail and fast food, as the world’s corporations set out to realise their lofty sustainability ambitions.
Last but not least, it will soon be time to say farewell to Donald Trump, who stayed true to form in his losing US election campaign
when he described wind power as a pipe dream . “It’s got a lot of problems, was the soon-to-be ex-President s verdict on the sector, before the US electorate decided the same was actually true about him.