TotalEnergies Could Sell Wind and Solar Assets to Reduce Debt

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French Big Oil major TotalEnergies is considering a divestment from some wind and solar power assets in Asia to reduce its debt load, Bloomberg reported today, citing unnamed sources. A potential sale could fetch several hundred million dollars, the sources told the publication. TotalEnergies is currently gauging potential buyer interest with advisers, they also said. A sale, however, was not guaranteed. The French company has wind and solar assets in Taiwan, South Korea, Indonesia, and Australia. It also has a 19% stake in India’s Adani…