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TotalEnergies: agreement to acquire SN Power
(CercleFinance.com) - TotalEnergies announces that it has signed an agreement with Scatec to acquire its subsidiary SN Power, which holds stakes in renewable hydropower projects in Africa, as part of a joint venture with Norfund and British International Investment (BII).
Through this transaction, which is subject to certain conditions, the energy company will acquire a 28.3% stake in the 250 MW Bujagali hydroelectric power station currently in operation in Uganda, which covers more than 25% of the country's peak electricity demand. TotalEnergies will also acquire minority stakes in two projects under development in Rwanda (260 MW) and Malawi (360 MW). Copyright (c) 2024 CercleFinance.com. All rights reserved. |
15/01/2025 10:27
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