TotalEnergies adds 1.4GW through Indian acquisition

Adani Green Energy completes an acquisition of SB Energy India's portfolio in a transaction worth USD 3.5bn. Through its ownership stake, TotalEnergies adds 1.4GW in renewable energy to its portfolio.

TotalEnergies Chair and CEO Patrick Pouyanné views the Indian market as central to the company's efforts to become a renewables giant. | Photo: Charles Platiau/Reuters/Ritzau Scanpix

Oil and gas supermajor TotalEnergies markedly strengthens its presence in India.

Adani Green Energy Ltd (AGEL), in which the oil major acquired 20 percent for USD 2.5bn back in January, has just completed a purchase from SB Energy India's portfolio of 5GW in India for USD 3.5bn.

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