TotalEnergies strengthens clean energy strategy with acquisition of SN Power and African hydropower projects 

The power plant TotalEnergies will acquire as a result of this transaction has a capacity of 250 megawatts and is more than 25% of the country’s peak electricity demand.  

In addition, the firm will also stand to acquire minority stakes in two projects under development in Rwanda (260 MW) and Malawi (360 MW).  

Also read: TotalEnergies acquires 50% stake in OranjeWind offshore wind farm from RWE 

Patrick Pouyanné, Chairman and CEO of TotalEnergies, said, “This acquisition of renewable hydroelectric assets and projects in Africa reflects our desire to contribute to the continent’s energy transition by bringing electricity to the people of African countries.”  

He added, “In particular, we are delighted to become a player in hydropower in Uganda, a country where we are also developing a major oil project. This is another example of TotalEnergies’ ability to implement its multi-energy strategy in oil-producing countries to support them in their energy transition.”  

Also read: TotalEnergies make final investment decision on 100 MW battery storage in North Rhine-Westphalia 

The transaction and acquisitions are all part of TotalEnergies’ drive to achieve net-zero emissions by 2050.  

As part of its efforts to achieve net-zero, it is developing a leading, cost-effective portfolio that integrates renewables with flexible assets to provide reliable, clean energy to its customers.