Total Buys Stake in Adani Green Energy, World’s Biggest Solar Developer

Adani won a huge 8 GW tender in India last June. (Credit: Adani Renewables) Total is aiming for 35 GW of operational renewable energy assets by 2025, up from an earlier target of 25 GW. Beyond 2025, Total hopes to add another 10 GW every year. It is currently sitting at 7 GW of operational assets but has been aggressively acquiring project pipelines including a series of mega-deals in 2020. Total’s 12 months of low-carbon power Total has had a huge 12 months in renewable energy acquisitions and pipeline development. Across wind, solar and storage, the firm has tapped 16.8 gigawatts’ worth of projects (on a gross basis; 12.6 GW net) in a 12-month period. That’s including its 20 percent stake in AGEL’s projects that are not covered in the pair’s existing joint venture. Total also won an 800 MW solar tender in Qatar. Huge deals in Spain made in February and September gave it access to 2 GW and 3.3 GW, respectively. It has also been successful in French solar tenders and taken a 51 percent stake in the Seagreen offshore wind project, which could reach 1.5 GW in capacity. Last week, Total and Hanwha-owned 174 Power revealed […]

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