Adani Green Energy Limited
In 2020, TotalEnergies announced the creation of AGEL23, a 50-50 joint venture with world-leading solar developer Adani Green Energy Limited (AGEL) for the operation of 2.3 GWac of solar projects. In January 2021, TotalEnergies acquired a 20% stake (currently 19.75% with the recent acquisition of SoftBank’s renewable assets in India) in Adani Green Energy Ltd (AGEL). The deal worth $2.5 Billion represents the single largest investment by TotalEnergies in the renewables sector.
AGEL is India's largest renewable energy solutions partner that develops, owns, and operates utility- scale grid-connected solar, wind, and hybrid renewable power plants and has surpassed a renewable portfolio of over 10GW spread across 12 states and offsets 41 million tonnes of CO2 emissions cumulatively.
AGEL is credited with developing several landmark renewable energy power plants, the present being the world’s largest wind-solar hybrid power cluster of 2,140 Megawatt (MW) in Jaisalmer, Rajasthan. Aligning with India’s decarbonization goals, AGEL has set a target of producing 45GW by 2030. The operating portfolio of AGEL is certified as water-positive for plants of more than 200 MW capacity, single-use plastic-free free and zero waste-to-landfill which stands as a testimony to the Company’s commitment to powering sustainable growth.