Published by Global Banking & Finance Review®
Posted on November 13, 2025
2 min readLast updated: January 21, 2026
Add as preferred source on GoogleTotalEnergies plans to sell some Asian renewable assets to reduce debt, focusing on key markets in Europe, U.S., and Brazil.
(Reuters) -France's TotalEnergies is weighing the sale of some renewable energy assets in Asia to reduce its debt, a company spokesperson said on Thursday.
The assets could be valued at several hundred million dollars in the sale, the spokesperson said as they confirmed the news first reported by Bloomberg.
"We are focusing our strategy on some key major markets in Europe, U.S., Brazil and streamlining what we do in renewables outside of this three key markets," TotalEnergies CEO Patrick Pouyanne had said earlier this year at an investor presentation.
The company has also adopted a strategy of proposing renewable energy to countries where it has large oil and gas investments, notably with its flagship $27 billion Iraq multi-energy project. It also won a license to develop, build and operate a 400 megawatts (MW) solar power plant in Saudi Arabia last month.
TotalEnergies can succeed in a changing energy market because it offers both renewable power and oil and gas, Pouyanne said at Saudi Arabia's annual Future Investment Initiative summit.
Currently, roughly 25% of the French oil major's operational renewables portfolio comes from its joint ventures with Indian conglomerate Adani, as well as a direct stake in Adani Green Energy Limited.
(Reporting by Ananya Palyekar, Abu Sultan, Rhea Rose Abraham in Bengaluru and Kanjyik Ghosh in Barcelona; Editing by Mrigank Dhaniwala and Leroy Leo)
Renewable energy is energy generated from natural resources that are replenished over short periods of time, such as sunlight, wind, rain, tides, waves, and geothermal heat.
Debt reduction refers to the process of decreasing the total amount of debt owed by an individual or organization, often through strategies like selling assets or restructuring loans.
A joint venture is a business arrangement where two or more parties agree to pool their resources for a specific goal while maintaining their individual identities.
A solar power plant is a facility that converts sunlight into electricity using photovoltaic cells or solar thermal energy, contributing to renewable energy generation.
An investment portfolio is a collection of financial assets such as stocks, bonds, and other securities held by an individual or institution, aimed at achieving specific financial goals.
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