Adani, India’s fastest-growing diversified business portfolio, has entered into a new partnership with French energy giant TotalEnergies to create the world’s largest and lowest-cost green hydrogen ecosystem.

TotalEnergies said on Tuesday it will acquire a 25% stake in Adani New Industries Limited (ANIL) as part of an agreement with the Indian conglomerate to develop a green hydrogen ecosystem in the Asian country.

Both Adani and TotalEnergies are leaders in energy transition and clean energy adoption, and this joint energy platform further strengthens both companies’ public ESG commitments.

ANIL aims to invest more than $50 billion in green hydrogen and related ecosystems over the next 10 years. Initially, by 2030, ANIL will form a green hydrogen production capacity of 1 million tons per year.

TotalEnergies, one of the world’s largest oil and gas producers, has been criticised by climate activists in recent years for its push for renewable energy and a shift away from hydrocarbon-centric activities.

In an initial phase, Adani New Industries plans to develop a green hydrogen production capacity of 1 million tonnes per year by 2030, TotalEnergies said.