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Scatec sells African hydropower assets to TotalEnergies for $167M, focusing on solar and wind.
Oslo-based Scatec ASA has sold its 51% stake in African hydropower assets to TotalEnergies for $167 million.
The deal includes a 255 MW operating hydro plant in Uganda and development projects in Malawi and at the borders of Rwanda, DRC, and Burundi.
Scatec will use the proceeds for its growth plan and debt repayments, aligning with its strategy to focus on solar, wind, and battery energy storage.
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Scatec vende activos hidroeléctricos africanos a TotalEnergies por $167M, centrándose en la energía solar y eólica.