TotalEnergies plans to sell all its renewable power holdings outside the United States, Brazil and Europe, company executives said on Monday, as per a report by Reuters. According to the report, the French oil major will also exit India, where around 25% of its operational renewable portfolio comes from joint ventures with the Adani Group and a direct stake in Adani Green Energy .

TotalEnergies CEO rules out expanding green portfolio with Adani

Chief executive Patrick Pouyanne said Adani Green Energy was a strong and growing company, but the group would not expand its green portfolio with Adani in the future. “I would be very happy to sell my stake in Adani Green,” he said. Pouyanne added that the stake was bought for around $2 billion and is now valued at nearly $8 billion.

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