TotalEnergies may sell part of Adani Green stake, CEO says

Core Viewpoint - TotalEnergies SE is considering selling part of its stake in Adani Green Energy Ltd to take advantage of the rising valuation of the Indian renewable energy producer [1][2]. Group 1: Company Actions - TotalEnergies acquired a 20% stake in Adani Green in 2021 for $2 billion and currently holds 19% of the company [1]. - CEO Patrick Pouyanne expressed interest in selling a quarter of the shares to recoup the initial investment of $2 billion, indicating a desire to maintain a neutral position [2]. Group 2: Financial Performance - Adani Green reported a 60% year-on-year increase in first-quarter profit, attributed to higher generation capacity and increased electricity sales [2].