EN 
PT_BR 
French oil company Total completed the acquisition of a minority stake of 20% in AGEL (Adani Green Energy Limited), from the Adani Group, one of India's largest renewable companies. Approximately US$ 2.5 billion were invested for the purchase.
The company is another in the oil sector that is investing in the decarbonization of the planet, as well as the Shell, BP and Equinor, which are increasingly investing in sustainable projects.
According to Total, the partnership with Adani will be a key factor in the company achieving its target of reaching 35 GWp of production capacity from renewable sources by 2025 and adding 10 GWp per year thereafter.
“This agreement is an important step in our alliance with the Adani Group. Our vision and objectives are common when it comes to the importance of access to low-carbon energy in the country”, said Patrick Pouyanné, CEO of Total.
“We have a shared vision of developing affordable renewable energy to enable a sustainable transformation in India. We hope to work together to deliver around 450 GW of renewable energy power to the country by 2030”, added Gautam Adani, president of the Adani Group.
Sustainable portfolio
As part of its ambition to reach net zero by 2050, Total is building a portfolio of renewables activities that could represent up to 40% of its sales by 2050.
At the end of 2020, the company's gross power generation capacity worldwide was around 12 GW, including 7 GW of renewable energy.
