INDIA INCREASES THE DEVELOPMENT OF SOLAR ENERGY THROUGH AN AGREEMENT WITH TOTAL

Monday, 18th january 2021 | Renewable energies
Marco Arezio - Consulente materie plastiche - India Increases the Development of Solar Energy Through an Agreement with Total

Adani Green Energy Limited (AGEL) is one of the largest companies developing, building, owning, managing and maintaining solar and wind energy projects in India a, with a current project portfolio of 13,990 MW.

Angel is present in 11 Indian states through wind and / or solar farms and has 54 operational projects and 12 sites under construction in its portfolio, thus helping India on its way to renewable energy.

With a view to a growing Indian policy aimed at decarbonisation, Angel has signed a strategic agreement with Total , which has acquired 20% of Angel, after the fruitful collaboration in past years in the area of gas distribution services in India.

In fact, in 2018 Total invested in Adani Gas which was responsible for managing gas distribution in cities.

Total and Adani have agreed on an investment of $ 2.5 billion in solar assets already operational equal to 2.35 GWac owned by Angel and the right, from part of Total, to a seat on the company's board of directors.

Angel, in 2015, started the largest solar park in the world, located in Kamuthi, which produces 648 MW of energy and, to date, has a production of about 3 GW from renewable energies, with another 3 GW under construction and 8.6 GW under development. The company's goal is to arrive by 2025 with a production of 25 GW of renewable energy.

For Total, the agreement with Angel will allow to reach gross production of 35 GWp by 2025 with the aim of increasing this capacity by 10 GW per year.



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