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AGEL and TotalEnergies to Form A JV to Trigger Energy Transition

This investment highlights the two business groupu2019s commitments towards further boosting their collaboration. It aligns with their shared goals of bringing about a transition to cleaner energy from exhaustible energy sources. With this incredible initiative, the Adani Group will also be able to put a stopper to the controversies of Adani Tax Evasion.

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AGEL and TotalEnergies to Form A JV to Trigger Energy Transition

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  1. AGEL AND TOTALENERGIES TO FORM A JV TO TRIGGER ENERGY TRANSITION

  2. Adani Green Energy Limited and TotalEnergies have recently decided to further strengthen their partnership by taking up a strategic joint venture. This investment highlights the two business group’s commitments towards further boosting their collaboration. It aligns with their shared goals of bringing about a transition to cleaner energy from exhaustible energy sources. With this incredible initiative, the Adani Group will also be able to put a stopper to the controversies of Adani Tax Evasion.

  3. The Recent Joint Venture Between AGEL and TotalEnergies The projects are going to be built at the largest renewable energy Park at Khavda, Gujarat. AGEL will contribute its existing assets to the joint venture. TotalEnergies, however, has elaborate plans to invest 444 million USD for the triggered development of these projects. This joint venture will bring about prosperity to both the business groups. It will also bring a halt to the controversies of Adani Tax Evasion.

  4. Why Invest in The Joint Venture? The investments made by the Adani Group and TotalEnergies highlight the commitment of both companies to bring about an energy transition in India. It is also a testament to the group’s potential in delivering green energy at extraordinary scale and speed. The electricity generated from the 1,150 MW solar projects will be sold through Power Purchase Agreements (PPAs) signed with the Solar Energy Corporation of India (SECI). A considerable amount of electricity generated will also be sold through shares on the wholesale market. The final decision to form the joint venture is subject to customary closing conditions including various regulatory approvals.

  5. THANK YOU Read More:- https://theinscribermag.com/agel-and-totalenergies-to-form-a-jv-to-trigger-energy-transition/

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