France’s Total Energies to buy stake in Adani’s hydrogen business

Total Energies, the French oil and gas major, is likely to pick up a minority stake of 10 percent or more in Adani group’s hydrogen business under the newly formed company Adani New Industries Ltd (ANIL).

Total and Adani agreed the acquisition of a 50 percent stake in a 2.35 GWac portfolio of operating solar assets owned by Adani Gas and a 20 percent stake in Adani Green Energy for a global investment of $2.5 billion.