TotalEnergies has completed the acquisition of SN Power to strengthen its multi-energy strategy across Africa. The move is focused mainly on Uganda.
This acquisition gives TotalEnergies a 28.3% stake in the Bujagali hydropower plant. The plant produces 225 megawatts of power in Uganda.
The Bujagali plant supplies more than 25% of Uganda’s peak electricity demand. It is one of the country’s major energy sources.
The deal also includes stakes in two major hydropower projects in Rwanda and Malawi. These are still under development.
The Rwandan project will produce 206 megawatts. The Malawi project will generate 360 megawatts once completed.
With this acquisition, TotalEnergies gains not only projects but also a skilled hydropower team. This boosts its energy capabilities.
The company plans to use these experts to grow its clean energy portfolio across the region.
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Expansion of Multi-Energy Strategy in Uganda and Beyond
TotalEnergies is already active in Uganda’s oil and gas sector. Now, it is increasing its investment in renewable energy as well.
The acquisition helps TotalEnergies become a bigger player in Africa’s growing energy market. The company aims to offer more solutions.
The hydropower team from SN Power brings valuable experience to TotalEnergies. This strengthens its long-term energy strategy.
“Our goal is to support Africa’s energy needs while reducing carbon emissions,” said the company in an earlier press release.
The Bujagali plant is already in operation. It will continue to serve as a key source of electricity for Ugandan households.
The new hydropower plants in Rwanda and Malawi are part of future plans. They are expected to help reduce energy gaps.
The deal also supports TotalEnergies’ broader goal of reducing reliance on fossil fuels by adding clean power sources.
The company continues to expand in Africa with a focus on clean, sustainable, and reliable energy solutions for all.
“We are committed to investing in projects that make a real difference to people’s lives,” TotalEnergies added.
With this acquisition, TotalEnergies aims to balance energy needs with climate goals. It hopes to lead by example in Africa.
The company’s presence in Africa continues to grow through smart investments in oil, gas, and renewable energy projects.