Nakheel Malls, Total join hands for solar panel installation
DUBAI, January 18, 2021 Nakheel Malls, the retail arm of master developer Nakheel, has joined forces with Total - through its affiliate Total Solar Distributed Generation (DG) Middle East, dedicated to the development of distributed solar energy solutions - to install solar photovoltaic (PV) panels on the rooftops of Ibn Battuta Mall and Dragon Mart. The PV panels can generate around 9 GWh of clean energy with an estimated reduction of over 3,500 tons of CO2 yearly. Around 12,000 PV panels will be installed at both malls, spanning around 35,000 sq m, said the statement from the company.
Total speeds up renewables push with $2.5 billion investment in India
18 Jan 2021 Workers clean photovoltaic panels inside a solar power plant in Gujarat, India.
Total is paying $2.5 billion for a share in India’s Adani Green Energy Limited (AGEL) and its solar power assets, in what the French company said was its biggest investment yet in renewables.
As it furthers its strategic shift from fossil fuel, the deal will give Total a 20 per cent stake in AGEL and a seat on its board, as well as a 50 per cent share in the Indian firm’s portfolio of solar power assets.
AGEL is controlled by Indian conglomerate Adani Group and has a market capitalisation of about 1.483 trillion Indian rupees ($20.25 billion).
Total Solar DG Doubles Capacity in 2020: Continues to Lead Regional Solar Rooftop Market yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.