India: TotalEnergies invests in new solar portfolio of over 1 GW with Adani Green Page 1

Regulatory News:

TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) and Adani Green Energy Limited (AGEL) have entered into an agreement to establish a new joint venture, equally owned by TotalEnergies and AGEL, with a 1,150 MWac (1,575 MWp) solar portfolio at Khavda in Gujarat.

The electricity generated by the solar projects will be sold through Power Purchase Agreements (PPAs) signed with the federal government agency, Solar Energy Corporation of India (SECI), and through sales in the wholesale market. This new transaction enables TotalEnergies to benefit from the ongoing liberalization of the Indian electricity market.