Adani Green Energy and TotalEnergies Setup 50-50 Joint Venture

Adani Green Energy Ltd (AGEL) has signed a 50:50 joint venture (JV) agreement with TotalEnergies. This partnership aims to manage a portfolio of solar projects totaling 1,150 MW in Gujarat, India. TotalEnergies has invested USD 444 million for a 50% stake in the JV.

This collaboration underscores both companies' commitment to accelerating India's transition to clean energy. The projects are part of the world's largest renewable energy plant being developed by AGEL in Khavda, Gujarat.

According to the exchange filing TotalEnergies has invested USD 444 million in its subsidiary to acquire a 50 per cent stake in AGEL's solar projects located at the world's largest renewable energy plant in Khavda, Gujarat.

"We would like to inform that the company has signed a Joint Venture Agreement with TotalEnergies Renewables Singapore Pte Ltd (TotalEnergies) and Adani Renewable Energy Sixty Four Ltd (ARE64L)," AGEL said in the filing.

Adani Renewable Energy Sixty Four Ltd (ARE64L) is a subsidiary of Adani Green Energy Ltd (AGEL). This joint venture will manage a portfolio of 1,150 MWac solar projects located in Khavda, Gujarat.

This collaboration is part of a broader effort to expand renewable energy capacity in India, leveraging both companies' expertise to accelerate the transition to clean energy.

TotalEnergies and Adani Group have multiple joint ventures beyond their recent solar projects collaboration.

In 2018, TotalEnergies acquired a 37.4% stake in Adani Gas Limited, which was later renamed Adani Total Gas Limited. This JV focuses on city gas distribution and associated LNG terminal businesses.

TotalEnergies holds a 50% stake in the Dhamra LNG project, which includes the development of an LNG regasification terminal. This terminal is expected to start operations soon and aims to enhance India’s LNG infrastructure.

Adani TotalEnergies E-Mobility and MG Motor India Tie-up To Develop EV Charging Infrastructure

Adani TotalEnergies E-Mobility Limited, a wholly owned subsidiary of Adani Total Gas (ATGL), and MG Motor India have signed a Memorandum of Understanding (MoU) to collaborate on developing electric vehicle (EV) charging infrastructure.

This partnership aims to enhance the EV ecosystem by setting up CC2 60 kW DC chargers at upcoming MG dealerships, improving customer accessibility to charging facilities. Additionally, the two companies plan to integrate public charging stations across platforms using advanced application programming interfaces (APIs), which will contribute to a cleaner environment by reducing carbon emissions.

The collaboration between Adani TotalEnergies E-Mobility and MG Motor India addresses one of the major hurdles in EV adoption - the lack of charging infrastructure. By setting up fast-charging stations at MG dealerships, the collaboration will make it more convenient for EV owners to charge their vehicles. The partnership aims to improve customer experience by providing easy access to charging facilities, which can encourage more consumers to consider purchasing EVs.

In addition, a digital platform will be launched to facilitate a seamless customer experience, covering discovery, user authentication, charging, and billing settlement through a dedicated mobile application.

With this partnership, integrating public charging stations across platforms using APIs will likely lead to a more seamless charging experience for users, as they can locate and access chargers through a unified system.

By pomoting the use of EVs, this collaboration contributes to reducing carbon emissions, aligning with global efforts to combat climate change and promote sustainability. Such collaborations can stimulate the growth of the EV market in India, potentially leading to increased investment and innovation in the sector.

Overall, this MoU represents a strategic move to accelerate India's transition to a greener automotive landscape.

TotalEnergies Forays into Online-to-Offline Segment in India with VehicleCare and Automovill

TotalEnergies Marketing India Private Limited (TEMIPL) has inked partnership agreements with two Online to Offline (O2O) automobile service aggregators in India to enhance customer touchpoints across multiple channels. The service aggregators are VehicleCare and Automovill based in Gurugram and Bengaluru respectively. 

(L-R) Arvind Verma - CEO, VehicleCare, Olivier Sabrié - Chairman & Managing Director, TEMIPL &  Mridu Mahendra Das – CEO, Automovill at the partnership sign

With 59%* internet penetration in urban India, Indian consumers are increasingly looking for transparent, convenient, high-quality services at their doorstep. VehicleCare and Automovill both provide one-stop automobile services to vehicle owners - through just a few clicks on their mobile and desktop applications.

At TotalEnergies, customer centricity is a core focus of its efforts to enhance customer experience. The strategic partnerships between TEMIPL and the two O2O aggregators will allow TotalEnergies’ automotive lubricants to reach customers at over 750 car servicing workshops across the country by end 2023.

Commenting on the partnerships, Olivier Sabrié, Chairman & Managing Director, TEMIPL, said, “TotalEnergies has been at the forefront of driving digital innovation to offer greater value to our customers. Collaborating with Automovill and VehicleCare is in line with our focus to deliver quality lubricants through our partner workshops, directly to consumers. The O2O channel will provide more drive-ins to our partner workshops and convenient service to our customers.”

Mridu Mahendra Das, CEO of Automovill, said, "Automovill is excited for aligning itself with TotalEnergies O2O vision. Team Automovill is aggressively working on democratizing the aftersales service ecosystem in India through aggregating as well as onboarding workshop in its network. Partnering with TotalEnergies will give us the right traction to deliver quality to our customers.”

Arvind Verma, CEO of VehicleCare, added, "VehicleCare is thrilled to collaborate with TotalEnergies, and we believe that our shared vision of customer centricity will empower us even more in serving our customers better. With this new alliance, we look forward to providing our customers with unique digital experience along with quality products to enhance their vehicle life cycle in the most efficient and tech enabled way."

TEMIPL has a growing portfolio of services and products across India including lubricants for automotive and industrial applications, LPG for domestic and commercial applications, and specialty applications products. Latest new service offerings include car care products and Wash services.

*Nielsen Bharat 2.0 Study 2022

About TotalEnergies Marketing India Pvt Ltd.

TotalEnergies Marketing India Private Limited (TEMIPL) started operations in India in 1993. In the country, the company has growing presence in businesses, namely lubricants for automotive and industrial applications, LPG for domestic and commercial applications, and special fluids. TEMIPL has seven industrial plants in the country and a retail network of Auto LPG Dispensing Stations.

TotalEnergies also operates an underground LPG storage facility at Vizag through a 50:50 JV with HPCL (South Asia LPG Ltd), and manufacturing & marketing of modified bitumen derivatives through a 50:50 Joint venture company with Indian Oil Corporation Limited for modified bitumen (IndianOil Total Private Limited).

About the Marketing & Services division of TotalEnergies

TotalEnergies’ Marketing & Services business segment offers its professional and private customers a wide range of broad energy products and services—petroleum products, biofuels, charging and related services for electric vehicles, gas for road and maritime transportation—to support them in their mobility and help them reduce their carbon footprint. Every day, over 8 million customers visit our 16,000 service-stations all over the world. As the world’s number four in lubricants, we design and sell high-performance products for the automotive, industrial and maritime sectors. And to provide the best response to the needs of our B2B customers, we deploy our sales forces, our international logistics network and our diverse offering. We operate in 107 countries, where our 31,000 employees stand close to all of our customers.

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to energy that is ever more affordable, cleaner, more reliable and accessible to as many people as possible. Active in more than 130 countries, TotalEnergies puts sustainable development in all its dimensions at the heart of its projects and operations to contribute to the well-being of people.

Cautionary Note

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