India: TotalEnergies to Invest in a New Solar Portfolio  of over 1 GW with Adani Green 

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Paris/Ahmedabad, September 3, 2024 –TotalEnergies and Adani Green Energy Limited  (AGEL) have entered into an agreement to create a new joint venture, equally owned by  TotalEnergies and AGEL, with a 1,150 MWac (1,575 MWp) solar portfolio in Khavda in Gujarat.  

The electricity generated by the solar projects will be sold through Power Purchase  Agreements (PPAs) signed with the federal government agency, Solar Energy Corporation of  India (SECI), and through sales on the wholesale market. This new transaction will allow  TotalEnergies to capitalize on the ongoing liberalization of the Indian electricity market. 

This will strengthen TotalEnergies’ strategic alliance with AGEL, allowing it to support the  company in becoming a global renewable leader as it targets 50 GW of renewable power  capacity by 2030. AGEL already operates over 11 GW of solar and wind capacity in India. 

AGEL will contribute to the joint venture with assets and TotalEnergies will provide an equity  investment of $444m to support their development. The signing and completion of the transaction is subject to the approval of AGEL’s shareholders and satisfaction of customary  closing conditions, including the receipt of certain regulatory approvals. 

Khavda: the world’s largest renewable energy plant 

AGEL (19.75% owned by TotalEnergies), is developing the world’s largest renewable energy site in the Khavda region (Gujarat). Spanning over 538 km², five times the size of Paris, the  site will boast solar and wind capacity of 30 GW. Of this, 2 GW has already been  operationalized by AGEL. Once completed, Khavda will generate enough electricity to power  the equivalent of 16 million homes in India. 

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About Adani Green Energy Limited 

Adani Green Energy Limited (AGEL) is India’s largest and one of the leading renewable energy  companies in the world enabling the clean energy transition. AGEL develops, owns, and operates  utility scale grid-connected solar, wind, hybrid and hydro pumped storage renewable power plants.  AGEL currently has an operating renewable portfolio of 11.2 GW, the largest in India, spread across  12 states. The company has set a target of achieving 50 GW by 2030 aligned to India’s  decarbonization goals. AGEL is focused on leveraging technology to reduce the Levelized Cost of  Energy (LCOE) in pursuit of enabling largescale adoption of affordable clean energy. AGEL’s  operating portfolio is certified ‘water positive for plants of more than 200 MW capacity’, ‘single-use  plastic free’ and ‘zero waste-to-landfill’, a testament to the company’s commitment of powering  sustainable growth. 

For more information, please visit www.adanigreenenergy.com

TotalEnergies and electricity 

As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets  (CCGT, storage) to deliver clean firm power to its customers. At the end of 2023, TotalEnergies’ gross  renewable electricity generation installed capacity was 22 GW. TotalEnergies will continue to expand  this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030.  

About TotalEnergies 

TotalEnergies is a global integrated energy company that produces and markets energies: oil and  biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees  are committed to provide as many people as possible with energy that is more reliable, more  affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at  the heart of its strategy, its projects and its operations. 

TotalEnergies Contacts 

Media Relations: +33 (0)1 47 44 46 99 l [email protected] l @TotalEnergiesPR Investor Relations: +33 (0)1 47 44 46 46 l [email protected] 

@TotalEnergies TotalEnergies TotalEnergies TotalEnergies 

Cautionary Note 

The terms “TotalEnergies”, “TotalEnergies company” or “Company” in this document are used to  designate TotalEnergies SE and the consolidated entities that are directly or indirectly controlled by  TotalEnergies SE. Likewise, the words “we”, “us” and “our” may also be used to refer to these entities  or to their employees. The entities in which TotalEnergies SE directly or indirectly owns a shareholding  are separate legal entities. This document may contain forward-looking information and statements  that are based on a number of economic data and assumptions made in a given economic,  competitive and regulatory environment. They may prove to be inaccurate in the future and are subject  to a number of risk factors. Neither TotalEnergies SE nor any of its subsidiaries assumes any  obligation to update publicly any forward-looking information or statement, objectives or trends  contained in this document whether as a result of new information, future events or otherwise.  Information concerning risk factors, that may affect TotalEnergies’ financial results or activities is  provided in the most recent Universal Registration Document, the French-language version of which is  filed by TotalEnergies SE with the French securities regulator Autorité des Marchés Financiers (AMF),  and in the Form 20-F filed with the United States Securities and Exchange Commission (SEC).