Energy company TotalEnergies has signed an agreement with Norwegian renewable energy company Scatec to acquire its subsidiary SN Power, which holds interests in renewable hydropower projects in Africa through a joint venture with Norfund and British International Investment (BII). Through this transaction, which is subject to certain conditions, TotalEnergies will acquire a 28.3% stake in the operational Bujagali hydropower plant in Uganda. With a capacity of 255 MW, it provides more than 25% of the country's peak electricity demand.
