French energy major TotalEnergies is reportedly considering selling part of its stake in Adani Green Energy Ltd (AGEL), one of India’s leading renewable energy companies. The proposed divestment, estimated at around ₹10,200 crore, could involve up to 6% of the company.
TotalEnergies currently holds nearly 19% in AGEL through two subsidiaries. The investment, made in 2021 for about $2.5 billion, has grown substantially in value, reflecting the rising interest in India’s renewable energy sector. Analysts see this as an opportunity for TotalEnergies to monetise some of its gains while still retaining influence over the company’s future direction.
Industry insiders suggest that TotalEnergies may offer the shares to AGEL itself, giving the company a chance to buy back part of its own stock. Neither TotalEnergies nor AGEL have confirmed these reports yet, but the news has already captured investor attention.
This potential sale comes as TotalEnergies looks to manage its capital spending and reduce debt. The company has indicated plans to cut annual investments by about $1 billion between 2027 and 2030, making this stake sale a strategic move in line with its global financial goals.
For AGEL, the timing is interesting. The company continues to expand aggressively, with projects like the massive renewable energy park in Khavda, Gujarat — one of the largest in the world. Such developments underline AGEL’s long-term commitment to India’s clean energy growth.
While the final decision is pending, the potential stake sale highlights the growing importance of renewable energy investments and the dynamic shifts happening in this sector.
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