 Home > Chemicals Industry > International Chemical > Issue 3 2021 - Total invests in the acquisition of shares in renewable energy companies in India

Issue 3 2021 - Total invests in the acquisition of shares in renewable energy companies in India

 Last Update: 2022-11-12
 Source: Internet
 Author: User

Tags

slick energy

energy substrate

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

Total buys shares in renewable energy companies in India

According to foreign media on January 19, French oil and gas giant Total will spend $2.
5 billion to acquire a stake in Indian renewable energy company Adani Green Energy Ltd (AGEL) and a portfolio of solar energy assets, marking the company's latest move
to reduce its dependence on oil.

Through the investment, Total will receive a 20% stake in AGEL and a board seat, as well as a 50% stake
in the Indian company's solar portfolio.
Commenting on Total's acquisition, Chief Executive Patrick Pouyanne said: "Our entry into AGEL is an important milestone
in our mutual renewable energy business strategies in India.
Given the size of the market, India is the right place
to implement our energy transition strategy based on the twin pillars of renewable energy and natural gas.
”

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

Related Products

UV-119

CAS No.: 106990-43-6

$6-7/MT FOB

UV-622

CAS No.: 65447-77-0

$5-6/MT FOB

Isopropyl Ethyl Thionocarbamate IPTEC CAS 141-98-0

CAS No.: 141-98-0

Industrial Grade

$100-120/MT FOB

Hot Tags

united states jobs(223)

jobs united states(236)

1 year treasury(277)

1 year subscription(296)

single use technology(195)

announcements today(81)

ups united states(221)

united states logo(227)

80 20 company(94)

healthy food name(42)

Hot Articles

The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.