TotalEnergies mulls selling Asian renewable assets — Bloomberg - Yahoo Finance Singapore

TotalEnergies mulls selling Asian renewable assets — Bloomberg - Yahoo Finance Singapore

Published April 18, 2026

TotalEnergies Considers Divesting Renewable Assets in Asia

According to a report from Bloomberg, TotalEnergies is contemplating the sale of its renewable energy assets located in Asia. This decision comes as the company seeks to streamline its operations and focus on its core areas of expertise.

The multinational energy giant, which has been actively investing in renewable energy projects across the region, is now evaluating its portfolio to identify potential divestiture opportunities. The company has made significant investments in solar and wind energy projects in countries such as India, Vietnam, and the Philippines, aiming to capitalize on the growing demand for clean energy solutions in these markets.

As part of its strategic review, TotalEnergies is reportedly assessing its renewable energy holdings to determine which assets may be sold off. This move is in line with the company's broader strategy to optimize its investments and enhance its financial performance amid a rapidly changing energy landscape.

The potential sale of these assets is indicative of the challenges faced by energy companies as they navigate the transition from traditional fossil fuels to more sustainable energy sources. With increasing competition in the renewable energy sector and fluctuating market conditions, companies like TotalEnergies are under pressure to maximize their returns on investment.

In recent years, TotalEnergies has been expanding its footprint in the renewable energy sector, with a particular focus on solar and wind projects. The company has set ambitious targets to increase its renewable energy capacity and reduce its carbon footprint. However, the decision to consider selling its Asian renewable assets suggests a shift in strategy as it reassesses its priorities and investment strategy.

Industry analysts have noted that the divestiture of renewable assets could have significant implications for the company's overall strategy. By selling off these assets, TotalEnergies may be able to free up capital that can be reinvested in more profitable ventures or used to strengthen its balance sheet.

Furthermore, the potential sale of these assets could attract interest from other investors looking to expand their portfolios in the renewable energy sector. As the demand for clean energy continues to rise, many companies are seeking opportunities to invest in established renewable energy projects, particularly in rapidly developing markets like Asia.

As TotalEnergies moves forward with its evaluation process, the company remains committed to its sustainability goals and the broader transition to renewable energy. The outcome of this strategic review will likely shape the company's future direction and its role in the global energy market.

In conclusion, TotalEnergies' consideration of selling its renewable assets in Asia reflects the ongoing evolution of the energy sector and the need for companies to adapt to changing market dynamics. As the company navigates this complex landscape, it will be essential to balance its commitment to sustainability with the need for financial performance and strategic growth.

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China, India See First Drop in Coal Power Use in Half a Century - Asia Financial

China, India See First Drop in Coal Power Use in Half a Century - Asia Financial

Published April 18, 2026

China and India Experience First Decline in Coal Power Usage in 50 Years

In a significant shift in energy consumption patterns, both China and India have reported their first decrease in coal power usage in half a century. This development is a pivotal moment in the global energy landscape, particularly in the context of climate change and the transition towards renewable energy sources.

According to data from the International Energy Agency (IEA), coal consumption in China fell by 1.5% in 2022, marking the first annual decline since 1976. India, too, has shown a similar trend, with a decrease of approximately 0.5% in coal power generation. This reduction is particularly noteworthy considering that these two countries are among the largest consumers of coal worldwide, responsible for over half of the global coal demand.

The decline in coal usage in these nations comes as part of broader efforts to reduce carbon emissions and combat air pollution. Both governments have set ambitious targets for increasing the share of renewable energy in their energy mix. China aims to reach peak carbon emissions before 2030 and achieve carbon neutrality by 2060. India has also committed to achieving net-zero emissions by 2070, with significant investments in solar and wind energy.

Factors Contributing to the Decline

Several factors have contributed to this unprecedented decline in coal power usage in China and India. One of the primary reasons is the increased deployment of renewable energy technologies. In China, the government has heavily invested in solar and wind energy, leading to a surge in renewable capacity. As of 2022, China accounted for nearly 50% of the world's total installed solar capacity, with a remarkable increase in wind energy as well.

India, too, has made significant strides in expanding its renewable energy capacity. The country has set a target of achieving 500 gigawatts (GW) of non-fossil fuel capacity by 2030. The rapid growth of solar energy in India has been particularly notable, with the country emerging as one of the largest markets for solar power globally.

Additionally, economic factors have played a role in the decline of coal usage. The rising costs of coal, coupled with the decreasing costs of renewable energy technologies, have made renewables a more attractive option for power generation. The IEA has reported that the cost of solar photovoltaic (PV) systems has fallen by 90% since 2010, making it increasingly competitive with coal.

Impact on Energy Security and Employment

While the decline in coal power usage is a positive development for the environment, it also raises questions about energy security and employment in the coal sector. Both China and India have historically relied on coal as a primary source of energy, and the transition away from coal may have significant implications for jobs in the coal industry.

In China, the coal industry employs millions of workers, and the government has committed to ensuring a just transition for these workers as the country shifts towards cleaner energy sources. Similarly, in India, the coal sector is a major source of employment, and the government is exploring strategies to support workers in the transition to renewable energy jobs.

Future Outlook

The decline in coal power usage in China and India is expected to continue in the coming years, driven by ongoing investments in renewable energy and a growing emphasis on sustainability. The IEA projects that global coal demand will peak in the near future, with many countries shifting towards cleaner energy sources.

As both countries work towards their climate goals, the transition to renewable energy will require careful planning and investment in infrastructure. The development of smart grids, energy storage solutions, and the integration of renewable energy into existing power systems will be essential to ensure a reliable and sustainable energy supply.

Moreover, international cooperation will play a crucial role in supporting the transition to renewable energy in China and India. Collaborations in technology transfer, financing for renewable projects, and sharing best practices will be vital to accelerate the shift away from coal and towards a more sustainable energy future.

Conclusion

The first decline in coal power usage in China and India in 50 years marks a significant milestone in the global energy transition. As these two countries continue to invest in renewable energy and implement policies aimed at reducing carbon emissions, the shift away from coal is expected to gain momentum. While challenges remain, the commitment of both nations to a cleaner energy future is a positive sign for global efforts to combat climate change.

As the world watches closely, the actions taken by China and India in the coming years will have far-reaching implications for the global energy landscape and the fight against climate change. The transition to renewable energy not only presents an opportunity for environmental improvement but also for economic growth and job creation in the burgeoning green energy sector.

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Energy Transition Today - Solar Surge Asia Leads Renewable Energy Growth - simplywall.st

Energy Transition Today - Solar Surge Asia Leads Renewable Energy Growth - simplywall.st

Published April 18, 2026

Energy Transition Today: Solar Surge in Asia Fuels Renewable Energy Expansion

In recent years, Asia has emerged as a pivotal player in the global renewable energy landscape, particularly in the solar energy sector. This surge in solar energy adoption is reshaping the energy transition narrative across the region, leading to significant growth in renewable energy capacity and investment. As countries strive to meet their energy demands while addressing climate change, solar power has become a cornerstone of their strategies.

According to a report by the International Energy Agency (IEA), renewable energy sources are expected to account for almost 95% of the increase in global power capacity through 2026, with solar energy leading the charge. In Asia, countries like China, India, and Japan are at the forefront of this transformation, significantly contributing to the global solar capacity.

China: The Global Solar Leader

China continues to dominate the global solar energy market, accounting for over 50% of the world’s total solar capacity. The country has invested heavily in solar technology and infrastructure, which has enabled it to produce solar panels at a scale and cost that is unmatched globally. In 2022 alone, China added approximately 87 gigawatts (GW) of solar capacity, bringing its total to around 392 GW.

This remarkable growth is supported by government policies that promote renewable energy adoption, including subsidies, tax incentives, and ambitious renewable energy targets. The Chinese government aims to reach a total installed capacity of 1,200 GW of solar energy by 2030, a goal that is well within reach given the current growth trajectory.

India: Rapid Expansion of Solar Capacity

India is also experiencing a solar boom, with the government setting an ambitious target of achieving 100 GW of solar capacity by 2022. As of 2023, India has successfully installed over 60 GW of solar power, making it one of the fastest-growing solar markets in the world. The country’s commitment to renewable energy is underscored by its National Solar Mission, which aims to promote the development and deployment of solar energy technologies.

In addition to large-scale solar farms, India is also witnessing a rise in rooftop solar installations, driven by both residential and commercial sectors. The government has introduced various initiatives to encourage this trend, including financial incentives and streamlined regulatory processes. As a result, rooftop solar capacity has seen significant growth, contributing to the overall increase in solar energy generation.

Japan: Innovating in Solar Technology

Japan, another key player in the Asian solar market, has also made substantial progress in expanding its solar capacity. Following the Fukushima nuclear disaster in 2011, Japan shifted its focus towards renewable energy, with solar power becoming a primary focus. The country has installed over 70 GW of solar capacity, making it one of the top solar markets globally.

Japan is known for its innovation in solar technology, particularly in the development of high-efficiency solar panels and energy storage solutions. The government continues to support the solar sector through feed-in tariffs and other financial incentives, fostering a favorable environment for solar investments.

ASEAN Nations: Emerging Solar Markets

Beyond the major players, several Southeast Asian countries are also making strides in solar energy adoption. Nations such as Vietnam, Thailand, and the Philippines are witnessing rapid growth in solar installations, driven by favorable sunlight conditions and increasing energy demands.

Vietnam, for instance, has seen a remarkable increase in solar capacity, with installed solar power rising from virtually zero in 2018 to over 16 GW by the end of 2022. The government’s decision to implement a feed-in tariff for solar projects has incentivized investment and development in the sector.

Thailand has also established itself as a leader in solar energy within the ASEAN region, with a total installed capacity of around 3.6 GW. The Thai government has set ambitious renewable energy targets, aiming for 30% of its energy mix to come from renewable sources by 2036.

Investment Trends in Solar Energy

The investment landscape for solar energy in Asia is robust, with both public and private sectors contributing to the growth of solar capacity. According to BloombergNEF, investments in renewable energy reached a record $501 billion globally in 2022, with Asia accounting for a significant share of this total.

China remains the largest investor in solar energy, followed by countries like India and Japan. The increasing involvement of private companies and international investors is also noteworthy, as they seek to capitalize on the growing demand for clean energy solutions.

Challenges and Opportunities

Despite the rapid growth of solar energy in Asia, several challenges remain. Issues such as regulatory hurdles, financing difficulties, and grid integration continue to pose obstacles to the expansion of solar capacity. Additionally, the need for energy storage solutions is becoming increasingly critical as solar energy generation is inherently intermittent.

However, these challenges also present opportunities for innovation and growth. The development of advanced energy storage technologies, such as lithium-ion batteries and other emerging solutions, is essential for enhancing the reliability of solar energy systems. Furthermore, ongoing research and development in solar panel efficiency and manufacturing processes will continue to drive down costs, making solar energy more accessible.

The Future of Solar Energy in Asia

Looking ahead, the future of solar energy in Asia appears promising. As countries in the region strive to meet their climate goals and transition towards sustainable energy sources, solar power will play a crucial role in this transformation. The continued investment in solar technology, coupled with supportive government policies, will facilitate further growth in the sector.

With the global energy landscape shifting towards renewable sources, Asia is poised to lead the way in solar energy adoption. The region’s commitment to expanding its solar capacity will not only contribute to global efforts to combat climate change but also enhance energy security and economic growth.

In conclusion, the solar surge in Asia is a testament to the region’s dedication to embracing renewable energy solutions. As solar capacity continues to grow, it will undoubtedly shape the future of energy in Asia and beyond, paving the way for a sustainable energy transition.

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