Ed Barnett, Medha Marathe, John Balsdon, Lisa Quelch
January 24, 2026
Latham Advises TotalEnergies on Joint Venture with Adani Enterprises
1 min
AI-made summary
- Latham & Watkins advised TotalEnergies on its agreement with Adani Enterprises Limited to acquire a 25% stake in Adani New Industries Limited (ANIL)
- ANIL will serve as the exclusive platform for TotalEnergies and Adani Enterprises to produce and commercialize green hydrogen in India, aiming for one million metric tons per year by 2030, supported by 30 gigawatts of new renewable power
- ANIL plans to invest over US$50 billion in green hydrogen and related infrastructure over the next decade.
Latham & Watkins has advised TotalEnergies on its agreement with Adani Enterprises Limited (AEL) to acquire a 25% interest in Adani New Industries Limited (ANIL). ANIL will be the exclusive platform of AEL and TotalEnergies for the production and commercialization of green hydrogen in India. ANIL will target a production of one million metric tons of green hydrogen per year (Mtpa) by 2030, underpinned by around 30 gigawatts (GW) of new renewable power generation capacity, as its first milestone. The investment in ANIL marks another major step in the strategic alliance between TotalEnergies and Adani Group – India’s leading energy and infrastructure platform – whose operations across India include LNG terminals, gas utility business, renewable power generation, and now green hydrogen production. The partners' complementary strengths will help ANIL deliver the largest green hydrogen ecosystem in the world, which will enable the lowest green hydrogen cost to the consumer. As announced by AEL, ANIL’s ambition is to invest over US$50 billion over the next 10 years in green hydrogen and associated ecosystem. The Latham team was led by London corporate partner Ed Barnett, with associate Medha Marathe. Advice was also provided on finance matters by London partner John Balsdon, with associate Lisa Quelch.~~
Article Author
Ed Barnett, Medha Marathe, John Balsdon, Lisa Quelch
The Sponsor
