Adani Green Energy’s joint venture with French energy major TOTAL SA has completed the acquisition of a 205 mw solar power project for an enterprise value of Rs 1,632 crore, taking the total operating renewable portfolio under the JV to 2,353 mw, the Gautam Adani-led company said. The assets acquired by the JV were acquired by Adani Green from Essel Group on October 1. The assets are located in Punjab, Karnataka and Uttar Pradesh and have long term power purchase agreements with various state electricity distribution companies.

(Economic Times)