France-based TotalEnergies in talks to invest $700M in Adani's Green Energy business

France-based multi-energy company TotalEnergies is reportedly in talks with Gautam Adani’s Adani Green Energy to pump up $700 million in the business.

The move is part of its expansion plans for clean energy projects portfolio in the region, Bloomberg report.

If the talks are successful, the investment will mark the first public deal between two firms since Hindenburg released its report on Adani Group.

As of now, TotalEnergies already owns a 19.75% stake in Adani’s green energy business.