Paris, 30 September 2025 — French energy giant TotalEnergies (NYSE:TTE) has announced plans to divest all of its renewable power assets outside Europe, the United States, and Brazil, a move that could see the company sell its $8 billion Indian portfolio, one of its largest international clean energy holdings.
The company’s Indian operations, developed largely through joint ventures with Adani Green Energy, account for roughly a quarter of its global renewable capacity. Chief Executive Patrick Pouyanné confirmed that while Adani Green remains a strong and growing company, TotalEnergies does not intend to expand its partnership further. “I would be very happy to sell my stake in Adani Green,” Pouyanné said, noting that the stake, acquired for about $2 billion, is now valued at nearly $8 billion.
The planned divestment forms part of a broader strategy to streamline operations and reduce debt. TotalEnergies also announced it will cut annual capital expenditure by $1 billion from 2027, bringing spending to between $15–17 billion a year. The company aims to raise $3.5 billion through asset sales by year-end, including the partial sale of a US solar portfolio to KKR for $950 million.
Analysts say the decision reflects a recalibration of TotalEnergies’ energy transition strategy, with the company seeking to balance renewable investments against profitability and shareholder returns. The group has also signaled interest in acquiring gas-fired power plants, which it views as a profitable complement to intermittent renewable generation.
The potential exit from India marks a significant shift for TotalEnergies, which had previously positioned the country as a cornerstone of its global renewables growth strategy. The outcome of the planned divestment will be closely watched by investors and industry observers, given India’s central role in global clean energy expansion.
Source: Financial Express
Totalenergies Hq Picture from totalenergies.com
