Adani Green Energy Limited (AGEL) is one of the largest companies developing, constructing, owning, operating and maintaining solar and wind energy projects in India , with a current project portfolio of 13,990 MW.
Angel is present in 11 Indian states through wind and/or solar parks and has 54 operational projects and 12 sites under construction in its portfolio, thus helping India on its journey towards renewable energy.
With a view to a growing Indian policy aimed at decarbonisation, Angel has entered into a strategic agreement with Total , which took over 20% of Angel, after the fruitful collaboration in recent years in the area of gas distribution services in India.
In fact, in 2018 Total had invested in Adani Gas which was responsible for managing gas distribution in cities.
Total and Adani have agreed to a $2.5 billion investment in operational solar assets of 2.35 GWac owned by Angel and Total's right to a seat on the company's board of directors.
Angel, in 2015, launched the world's largest solar park, located in Kamuthi, which produces 648 MW of energy and, to date, has an output of approximately 3 GW from renewable energy, with another 3 GW under construction and 8, 6 GW under development. The company's goal is to reach a production of 25 GW of renewable energy by 2025.
For Total, the agreement with Angel will allow it to reach gross production of 35 GWp by 2025 with the aim of increasing this capacity by 10 GW per year.