Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
TotalEnergies considers selling up to 6% of Adani Green, potentially raising $1.14B, despite strong performance and ongoing partnerships.
Adani Green Energy's shares fell nearly 2.8% as reports emerged that France’s TotalEnergies is considering selling up to a 6% stake, potentially raising around $1.14 billion.
The move, part of TotalEnergies’ broader strategy to reduce debt and cut annual capital spending by $1 billion by 2030, follows a significant rise in the value of its original $2.5 billion investment, now worth nearly $8 billion.
The company, which holds nearly 19% of AGEL through two subsidiaries, may offer the stake to Adani Green itself, though no official confirmation has been made.
The potential divestment comes despite strong company performance, including 25% year-on-year profit growth and a 49% increase in operational capacity to 16.7 GW.
TotalEnergies also maintains a joint venture with Adani in the gas sector and co-develops major renewable projects, including a 1,150 MW solar plant and the world’s largest renewable park in Khavda, Gujarat.
TotalEnergies considera vender hasta el 6% de Adani Green, recaudando potencialmente $ 1.14B, a pesar del sólido desempeño y las asociaciones en curso.