TotalEnergies Could Sell Wind and Solar Assets to Reduce Debt
Market Intelligence Analysis
AI-PoweredTotalEnergies is contemplating selling its wind and solar assets in Asia to alleviate its debt burden, with potential sales expected to yield several hundred million dollars. The company is currently assessing buyer interest, although the sale is not assured.
Market impact analysis based on bearish sentiment with 74% confidence.
Article Context
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…
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