TotalEnergies Is Said to Mull Options for Asian Renewable Assets

TotalEnergies SE is considering selling some renewable energy assets in Asia to help to reduce debt, people familiar with the matter said.

The French group is working with an adviser and sounding out interest from potential buyers, according to the people, who asked not to be identified because the deliberations are private. The assets for sale could be valued at several hundred million dollars, they said.

Considerations are ongoing and may not lead to sales, the people said.

A representative for TotalEnergies declined to comment.

The company has said it plans to expand its power business in key deregulated markets ...