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French energy supermajor TotalEnergies will acquire a 25 per cent stake in Adani Group’s green hydrogen producing venture, the company said on Tuesday.
In a statement, Adani Group said it has entered into a new partnership with the French firm to jointly create the world’s largest green hydrogen ecosystem.
“In this strategic alliance, TotalEnergies will acquire 25 per cent minority interest in Adani New Industries Ltd (ANIL) from Adani Enterprises Ltd (AEL),” it said.
Gautam Adani in tweet wrote about the alliance , In our journey to be the world’s largest Green H2 player, the partnership with
@TotalEnergies will fundamentally shape market demand. Our ability to produce the world’s least expensive electron will lead to us producing the world’s least expensive Green H2.
In our journey to be the world’s largest Green H2 player, the partnership with @TotalEnergies will fundamentally shape market demand. Our ability to produce the world’s least expensive electron will lead to us producing the world’s least expensive Green H2. pic.twitter.com/ZfwjVuxXJH
— Gautam Adani (@gautam_adani) June 14, 2022
