Adani got the support of this French company, is going to invest crores

India is now a leading country in the renewable energy sector, where dozens of solar and wind projects are under construction. Adani is well positioned as the largest renewable energy producer in India with its strong performance capability and good track record.

French energy company Total Energies SE has invested in Adani Group. It has invested $300 million in clean energy projects of Adani Green Energy Limited. With this, investment by global investors in clean energy projects has increased. Now the total investment of global investors in these projects of Adani has increased to 1.63 billion dollars, which is equivalent to approximately Rs 14,000 crore in Indian currency.

If sources close to the company are to be believed, Total had announced last week that its stake in the new joint venture firm will be around 50 percent, while the remaining stake will be with Adani Green Energy Limited. In such a situation, the joint venture will have a portfolio of 1,050 MW, of which 300 MW is already operational capacity. At the same time, a plant with a capacity of 500 MW is being constructed. Apart from this, work on 250 MW capacity energy projects is also going on at a fast pace. The special thing is that the 250 MW capacity energy projects include both solar and wind energy.

Its portfolio is 2,353 MW

Let us tell you that Total already had 19.7 percent stake in this green energy project of Adani. Apart from AGEL, it also has another joint venture, whose name is 23L. Its portfolio is 2,353 MW. According to sources, AGEN is a company within the Adani portfolio, which has attracted many investors in the last few months. These also include Total, GQG Capital Partners and Qatar Investment Authority.

1.63 billion dollars have been invested in a few months

Expert sources say that these three investors have invested $ 1.63 billion in the last few months, which is equivalent to about Rs 14,000 crore, taking advantage of attractive valuations after the report of American short-seller Hindenburg. However, Adani Group has termed all the allegations made in the Hindenburg report as baseless and false.

1.3 percent stake is

GQG Partners holds 6.8 percent stake in AGEL. Whereas QIA has got 2.7 percent stake. Similarly, IHC International Holding Company holds 1.3 percent stake.