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TotalEnergies and Adani Green Energy Limited Form Joint Venture for 1,150 MWac Solar Portfolio in Khavda, India
Sep 03, 2024•almost 2 years ago
Contract Type
partnership
GujaratEnergyRenewable EnergyBiomass EnergyDescription
TotalEnergies and Adani Green Energy Limited have entered into a partnership to create a new joint venture, equally owned by both companies, with a 1,150 MWac (1,575 MWp) solar portfolio in Khavda in Gujarat, India. The joint venture aims to strengthen TotalEnergies’ strategic alliance with Adani Green Energy Limited and support the latter in becoming a global renewable leader as it targets 50 GW of renewable power capacity by 2030.
Agreement Insights
Based on industry dataStrategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months