By EB Content Studio
TotalEnergies has confirmed the successful completion of several major renewable energy acquisitions across Africa, Europe, and North America, reinforcing its commitment to a global energy transition and integrated power strategy.
In a significant move for its operations in Africa, TotalEnergies has finalised the acquisition of SN Power, a key player in hydropower development, particularly in Uganda. This marks a strategic milestone in the company’s multi-energy roadmap for the continent.
The acquisition secures a 28.3% stake in Uganda’s Bujagali hydropower plant – currently meeting over a quarter of the country’s peak electricity demand – and expands TotalEnergies’ footprint with stakes in two additional hydropower projects under development: a 206 MW project in Rwanda and a 360 MW project in Malawi. The deal also brings on board a dedicated team of hydropower experts, boosting TotalEnergies’ in-house capabilities in renewable energy development across the region.
Europe: Scaling Integrated Power Operations
In Europe, TotalEnergies has completed its acquisition of the VSB Group, a move that significantly enhances its position in the German electricity market—home to half of VSB’s renewable energy portfolio. This builds on recent European acquisitions, including battery storage developer Kyon Energy and energy manager Quadra Energy, as well as expanded offshore wind projects.
With VSB’s 15 GW project pipeline, TotalEnergies now holds a European renewables portfolio exceeding 40 GW, including 7 GW already operational or under construction. In line with its market-focused strategy, the company will divest the 440 MW Puutionsaari wind and solar project in Finland, originally developed by VSB.
Canada: Growing wind and solar capacity
Across the Atlantic, TotalEnergies is also ramping up its renewable investments in Canada. Through new agreements with RES, the company will acquire a pipeline of wind and solar projects in Alberta, totaling over 800 MW.
Additionally, TotalEnergies has finalized its acquisition of Big Sky Solar, a 184 MW solar facility that began operations in February 2025. More than two-thirds of Big Sky’s output is secured under a long-term power purchase agreement (PPA), while the remainder will be traded on Alberta’s electricity market. The facility’s carbon credits will also be monetized under the province’s regulated emissions programme.
Unified global strategy
“These three acquisitions in Africa, Europe, and North America are central to our goal of reaching 35 GW of gross renewable capacity by 2025 and over 100 TWh of electricity production by 2030,” said Stéphane Michel, President of Gas, Renewables and Power at TotalEnergies.
“They enhance our presence in strategic markets like Germany and North America where we are growing our Integrated Power business, and in countries such as Uganda where we can create synergies with our upstream activities. Beyond expanding capacity, these deals will also contribute to cash flow growth and help us reach our 12% profitability target in the electricity segment.”
Through this trio of acquisitions, TotalEnergies is accelerating its transformation into a multi-energy company—one that is future-ready, diversified, and aligned with the global push toward cleaner, more sustainable energy systems.
