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flag Scatec sells African hydropower assets to TotalEnergies for $167M, focusing on solar and wind.

flag Oslo-based Scatec ASA has sold its 51% stake in African hydropower assets to TotalEnergies for $167 million. flag 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. flag 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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