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flag TotalEnergies considers selling up to 6% of Adani Green, potentially raising $1.14B, despite strong performance and ongoing partnerships.

flag 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. flag 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. flag 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. flag 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. flag 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.

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