Solar Power

Disney World To Generate 40% of Its Power From Solar Energy Within Two Years

Kimberly Redmond | |

The Walt Disney Company (NYSE: DIS) announced a major upgrade to its Walt Disney World Resort in Orlando, Florida, that will enable the property to obtain nearly half of its power from solar energy within two years.

Disney and Reedy Creek Improvement District are partnering with local utility companies to develop two new 75 megawatt solar facilities, the company announced Thursday.

Total Acquires 20% of Adani Green Energy Limited (AGEL) for $2.5 Billion

Reuters | |

Total is paying $2.5 billion for a share in Indian renewable energy firm Adani Green Energy Limited (AGEL) and a portfolio of solar power assets, marking the latest step in the French energy company’s drive to reduce its dependence on oil.

For its investment, Total will get a 20% stake in AGEL and a seat on its board, as well as a 50% share in the Indian firm’s portfolio of solar power assets, the French firm said.

AGEL is controlled by Indian conglomerate Adani Group and has a market capitalization of about 1.483 trillion Indian rupees ($20.25 billion).

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