TotalEnergies is set to acquire SN Power from Scatec, gaining a 28.3 per cent stake in Uganda’s 250 MW Bujagali hydropower plant, which supplies over 25 per cent of Uganda’s peak electricity demand. The deal also includes stakes in hydropower projects in Rwanda (260 MW) and Malawi (360 MW). This acquisition, managed through a joint venture (JV) with Norfund and British International Investment, aligns with TotalEnergies’ strategy to support Africa’s energy transition. The company aims to increase its renewable capacity from 22 GW in 2023 to 35 GW by 2025 and over 100 terawatt-hours by 2030.
Similar Posts
NLC commissions 10 MW solar power plant in Neyveli
NLC India Limited (NLCIL) has commissioned a 10 MW solar photovoltaic (PV) power plant in Neyveli. The company aims to achieve 10 GW of renewable energy capacity by 2030 and currently holds a total renewable energy capacity of 1,380 MW from solar and 51 MW from wind power. To support this goal, NLCIL has established two subsidiaries: NLC India Renewables Limited for asset monetization and NLC India Green Energy Limited for clean energy initiatives. With…
PFC reports 20% rise in Q1 FY25 net profit to Rs 71.82 billion
Power Finance Corporation (PFC) reported a consolidated net profit of Rs 71.82 billion for Q1 FY25, marking a 20.06% increase from Q1 FY24. The company’s total revenue from operations grew by 17.65% to Rs 247.17 billion during the same period. Total income rose by 17.69% year-on-year to Rs 247.37 billion. For the quarter ended June 30, 2024, PFC’s consolidated profit before tax increased by 20.17% to Rs 88.94 billion, compared to Rs 74.01 billion in…
Microsoft and Constellation Energy sign deal to restart Three Mile Island nuclear unit
Microsoft and Constellation Energy have entered into a power deal to restart Unit 1 of the Three Mile Island nuclear plant in Pennsylvania, the first-ever nuclear plant revival of its kind. The deal comes amid surging electricity demand from data centers driven by advancements in artificial intelligence and cloud computing. Nuclear energy, with its nearly carbon-free and reliable nature, is gaining favor among tech companies for meeting both power needs and climate commitments. Constellation plans…
Ocean Winds selects Wood Thilsted for Caledonia Offshore Wind Farm turbine foundation design
Ocean Winds (OW) has appointed Wood Thilsted to develop the structural concept design for turbine foundations at its 2 gigawatt (GW) Caledonia Offshore Wind Farm in the Moray Firth, Scotland. Under this contract, Wood Thilsted will utilize ground and metocean data collected over the past two years from the 429 square kilometre Caledonia site. This data will inform the modeling and design of the preferred foundation concepts. The engineering consultancy will leverage insights from Ocean…
EU approves €682m state aid for Belgium’s offshore wind development
The European Commission has approved a €682 million state aid package to support Belgium’s renewable offshore wind energy. The funds will facilitate the construction and operation of a 700 MW offshore wind farm in the Princess Elisabeth Zone in the North Sea, set to generate 2.6TWh of renewable energy annually. This project will significantly boost Belgium’s offshore wind generation, which reached 7.77TWh in 2023. While Belgium aims to align with the EU’s target of 42.5%…
REC incorporates two subsidiaries for transmission projects in Madhya Pradesh and Andhra Pradesh
REC Power Development and Consultancy Limited (RECPDCL), a wholly owned subsidiary of REC Limited, has announced the incorporation of two new wholly owned subsidiaries: Mahan Transmission Limited and Kurnool-IV Transmission Limited. Mahan Transmission Limited will oversee the Transmission System for Evacuation of 1230 MW Power (MPPTCL portion) from the 2×800 MW thermal power project of Mahan Energen Ltd. Kurnool-IV Transmission Limited will manage the Transmission System for Integration of Kurnool-IV Renewable Energy Zone (Phase-I, 4.5…