TotalEnergies buys into Indian green hydrogen partnership

Indian conglomerate Adani and the French oil company will collaborate on green hydrogen production.

Photo: Total Energies PR

TotalEnergies and Indian multinational Adani join forces to develop green hydrogen production.

The partnership is formed after the French group purchased 25% of Adani Enterprises' equity interest in Adani New Industries, the Indian conglomerate informs in a Tuesday morning stock exchange notification, reports Bloomberg News.

Adani New Industries aims to invest more than USD 50bn in green H2 and related value chain over the next ten years.

The first phase of the undertaking will see development of green hydrogen production capacity totaling 1 million annual tonnes by 2030.

Adani Enterprises share is price is up by 1.6% in Mumbai trading Tuesday morning.

Hydrogen operators working for Denmark to improve next round of European PtX subsidies 

H2 Green Steel signs 14TWh PPA with Statkraft  

More from EnergyWatch

Danish government to ban routine flaring by next summer

By next summer, flaring of excess gas will no longer be permitted in the Danish part of the North Sea unless strictly necessary for the safety of employees. The government’s ban on routine flaring comes in the wake of EnergyWatch’s coverage of the issue.

IEA: Nuclear power set for potential comeback

As the world looks for ways to address the ongoing energy crisis, nuclear power has the potential to play a significant role, notes the International Energy Agency in a just-released report.

Further reading

Related articles

Latest News

See all jobs