France’s TotalEnergies is weighing the sale of some renewable energy assets in Asia in a move to reduce debt, Bloomberg News reported on Wednesday, citing people familiar with the matter.
The assets for sale could be valued at several hundred million dollars, the report said.
The oil major is working with an adviser and sounding out interest from potential buyers, the report said, adding that the talks are ongoing and may not result in a sale.
Reuters could not immediately verify the report. TotalEnergies did not immediately respond to Reuters’ request for comment.
In September, Stephane Michel, president of the company’s gas, renewables and power division, said the Paris-listed firm plans to divest all renewable power holdings except those in the United States, Brazil and Europe.
