Saudi Arabia lists 49 pre-qualified bidders for 1.2 GW solar tender

Adani Green Energy Limited (AGEL) has approved the draft of a joint venture (JV) agreement with Total Solar Singapore PTE Limited and Adani Green Energy Twenty Three Limited. As per the agreement, the JV company, which is at present, a wholly owned subsidiary of AGEL, is proposed to house 2,148 MW of operating solar power projects, currently owned by the company. Following the JV, Total and AGEL are proposed to hold such number of securities in the JV company as will entitle them to exercise joint ownership and control of the JV company.

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