This post is a part of DIL Intelligence series from Energy Alternatives India (EAI), India’s leading climate-tech consulting firm.
DIL stands for Decarbonization for India’s Leaders and provides comprehensive market intelligence and updates to Indian corporate leaders on prominent decarbonization efforts across the Indian industrial ecosystem. DIL is provided by EAI’s strategy consulting team. More about our consulting from here.
Total Energies, a French multinational integrated oil and gas company, has been making significant investments in climate tech and clean energy in India. The company has established a 50:50 joint venture with Adani Green Energy Limited (AGEL), to which AGEL contributed a portfolio of 2.148 GW of solar power projects.
This partnership extends beyond solar power, with Total Energies and the Adani Group collaborating to develop multi-energy offerings for the Indian energy market. This includes a 50:50 joint venture for the development of liquefied natural gas (LNG) terminals and a fuel retail network. In a significant move, Total Energies acquired a 20% minority interest in Adani Green Energy Limited (AGEL) from the Adani Group. In 2023, Total Energies invested $50 billion in the green hydrogen project with Adani.
This investment in AGEL is another step in the strategic alliance between Total Energies and the Adani Group, which covers investments in LNG terminals, gas utility business, and renewable assets across India. Total Energies and AGEL have ambitious plans to build a portfolio of assets with a cumulative capacity of 25 GW by 2025.
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They have also invested in city gas distribution, gas utility, and LNG terminals in partnership with the Adani Group. These investments highlight Total Energies’ commitment to promoting clean energy and climate tech in India. However, for the most accurate and up-to-date information, it would be best to refer to the official announcements or reports from Total Energies itself.
Way forward for Total Energy
The company could consider investing in green hydrogen and Carbon Capture, Usage, and Storage (CCUS). As temperatures rise in India, there is a $1.6 trillion investment opportunity by 2040 in energy-efficient technologies. Material circularity and electric vehicle infrastructure are other potential investment areas. Agriculture, a significant contributor to India’s emissions, also presents opportunities for investment in emission-reducing technologies. These potential avenues depend on Total Energies’ global strategy, risk appetite, and specific opportunities. Successful investment would likely require collaboration with local partners and alignment with India’s regulatory environment and national decarbonization goals.
This post is a part of DIL Intelligence series from Energy Alternatives India (EAI), India’s leading climate-tech consulting firm.
DIL stands for Decarbonization for India’s Leaders and provides comprehensive market intelligence and updates to Indian corporate leaders on prominent decarbonization efforts across the Indian industrial ecosystem. DIL is provided by EAI’s strategy consulting team. More about our consulting from here.
