MUMBAI -- French oil major Total said it would acquire a 20% stake in Adani Green Energy Ltd. for $2.5 billion, making inroads into India's promising renewables market as momentum grows toward a global push to curb carbon emissions.
Total also takes 50% ownership of AGEL's solar assets and a seat on its board under the deal announced Monday. Total hopes to better tap Indian demand for renewable energy by partnering with a key local player.
