India’s Adani Group announced more development of renewable energy, with the company on Dec. 27 saying its Adani Green Energy arm has received $300 million for the transfer of a 1,050-MW clean energy portfolio as part of a joint venture (JV) with France’s TotalEnergies.
The announcement Wednesday came one day after Adani, led by billionaire Gautum Adani, said shareholders would back a $1.12 billion investment in solar, wind, and other clean energy projects, as part of a continued effort to reduce India’s reliance on fossil fuels. Adani Energy Solutions, an Adani subsidiary, on Wednesday announced plans to spend $360 million to build a transmission line to connect a major wind and solar power installation in western India to the power grid.
