Total Energies to acquire 25% in Adani Enterprise

Adani Enterprise has partnered with TotalEnergies to create the world’s largest green hydrogen ecosystem, the company said in a stock exchange filing on Tuesday. France’s TotalEnergies will be acquiring a 25% minority interest in Adani New Industries (ANIL).

The company said that ANIL will develop a green hydrogen production capacity of 1 million tons per annum before 2030. This is India’s largest commitment to green hydrogen by a company.

With this investment in ANIL, the strategic alliance between the Adani Portfolio and TotalEnergies now covers LNG terminals, the gas utility business, renewables business and green hydrogen production.