Total : India JV Extends Solar Portfolio to 2.3 Gigawatts

By Joshua Kirby

Total SE said Thursday that its joint venture in India is increasing its power output with the addition of new solar-power farms.

The French energy company formed a joint venture in April with Adani Green Energy Ltd.--a subsidiary of Adani Enterprises Ltd.--to which the Indian company contributed a portfolio of 2.1 gigawatts of solar power, Total said. The two companies have now agreed to extend the portfolio to 2.3 GW by adding new solar farms, as provided for in the initial contract.

"With an ambitious target of 175 GW of installed capacity by 2022, India is a strong growth area for renewable energy," said Patrick Pouyanne, Total's chief executive and chairman.

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(END) Dow Jones Newswires

10-15-20 0301ET