Integrated Power: TotalEnergies Closes Three International Acquisitions of Renewable Portfolios
TotalEnergies (TTE) has completed three major renewable energy acquisitions across Europe, Africa, and Canada. The company acquired VSB Group, a European wind and solar developer, adding over 15 GW pipeline capacity primarily in Germany. In Africa, TTE closed the acquisition of SN Power, gaining a 28.3% stake in Uganda's Bujagali hydropower plant (225 MW) and stakes in projects in Rwanda (206 MW) and Malawi (360 MW).
In Canada, TTE signed agreements with RES to acquire wind and solar projects totaling over 800 MW in Alberta, and completed the acquisition of Big Sky Solar (184 MW). The Big Sky facility will operate under a long-term PPA for two-thirds of its output.
These acquisitions support TTE's targets of reaching 35 GW of gross renewable capacity by 2025 and over 100 TWh of electricity production by 2030, while aiming for a 12% profitability target in the electricity segment.
TotalEnergies (TTE) ha completato tre importanti acquisizioni nel settore delle energie rinnovabili in Europa, Africa e Canada. L'azienda ha acquisito VSB Group, uno sviluppatore europeo di energia eolica e solare, aggiungendo oltre 15 GW di capacità in pipeline principalmente in Germania. In Africa, TTE ha concluso l'acquisizione di SN Power, ottenendo una partecipazione del 28,3% nella centrale idroelettrica di Bujagali in Uganda (225 MW) e partecipazioni in progetti in Rwanda (206 MW) e Malawi (360 MW).
In Canada, TTE ha firmato accordi con RES per acquisire progetti eolici e solari per un totale di oltre 800 MW in Alberta, e ha completato l'acquisizione di Big Sky Solar (184 MW). L'impianto di Big Sky opererà sotto un contratto di acquisto a lungo termine (PPA) per due terzi della sua produzione.
Queste acquisizioni supportano gli obiettivi di TTE di raggiungere 35 GW di capacità rinnovabile lorda entro il 2025 e oltre 100 TWh di produzione elettrica entro il 2030, puntando a un obiettivo di redditività del 12% nel segmento elettrico.
TotalEnergies (TTE) ha completado tres importantes adquisiciones en el sector de las energías renovables en Europa, África y Canadá. La empresa adquirió VSB Group, un desarrollador europeo de energía eólica y solar, añadiendo más de 15 GW de capacidad en su cartera, principalmente en Alemania. En África, TTE cerró la adquisición de SN Power, obteniendo una participación del 28,3% en la planta hidroeléctrica de Bujagali en Uganda (225 MW) y participaciones en proyectos en Ruanda (206 MW) y Malaui (360 MW).
En Canadá, TTE firmó acuerdos con RES para adquirir proyectos eólicos y solares que suman más de 800 MW en Alberta, y completó la adquisición de Big Sky Solar (184 MW). La instalación de Big Sky operará bajo un contrato de compra a largo plazo (PPA) para dos tercios de su producción.
Estas adquisiciones respaldan los objetivos de TTE de alcanzar 35 GW de capacidad renovable bruta para 2025 y más de 100 TWh de producción eléctrica para 2030, mientras busca un objetivo de rentabilidad del 12% en el segmento eléctrico.
TotalEnergies (TTE)는 유럽, 아프리카 및 캐나다에서 세 가지 주요 재생 에너지 인수를 완료했습니다. 이 회사는 유럽의 풍력 및 태양광 개발업체인 VSB Group을 인수하여 주로 독일에서 15GW 이상의 파이프라인 용량을 추가했습니다. 아프리카에서는 TTE가 SN Power의 인수를 완료하여 우간다의 부자갈리 수력 발전소(225 MW)에서 28.3%의 지분을 확보하고, 르완다(206 MW) 및 말라위(360 MW) 프로젝트에서도 지분을 확보했습니다.
캐나다에서는 TTE가 RES와 협약을 체결하여 앨버타에서 800MW 이상의 풍력 및 태양광 프로젝트를 인수하고, Big Sky Solar(184 MW)의 인수를 완료했습니다. Big Sky 시설은 생산량의 2/3에 대해 장기 전력 구매 계약(PPA) 하에 운영될 것입니다.
이러한 인수는 TTE가 2025년까지 35GW의 총 재생 가능 용량을 달성하고 2030년까지 100TWh 이상의 전력 생산을 목표로 하며, 전력 부문에서 12%의 수익성 목표를 설정하는 데 기여합니다.
TotalEnergies (TTE) a finalisé trois acquisitions majeures dans le secteur des énergies renouvelables en Europe, en Afrique et au Canada. L'entreprise a acquis VSB Group, un développeur européen d'énergie éolienne et solaire, ajoutant plus de 15 GW de capacité de pipeline principalement en Allemagne. En Afrique, TTE a conclu l'acquisition de SN Power, obtenant une participation de 28,3% dans la centrale hydroélectrique de Bujagali en Ouganda (225 MW) et des participations dans des projets au Rwanda (206 MW) et au Malawi (360 MW).
Au Canada, TTE a signé des accords avec RES pour acquérir des projets éoliens et solaires totalisant plus de 800 MW en Alberta, et a finalisé l'acquisition de Big Sky Solar (184 MW). L'installation de Big Sky fonctionnera sous un contrat d'achat à long terme (PPA) pour deux tiers de sa production.
Ces acquisitions soutiennent les objectifs de TTE d'atteindre 35 GW de capacité renouvelable brute d'ici 2025 et plus de 100 TWh de production électrique d'ici 2030, tout en visant un objectif de rentabilité de 12% dans le segment électrique.
TotalEnergies (TTE) hat drei bedeutende Übernahmen im Bereich erneuerbare Energien in Europa, Afrika und Kanada abgeschlossen. Das Unternehmen hat VSB Group, einen europäischen Entwickler von Wind- und Solarenergie, übernommen und dabei über 15 GW an Pipeline-Kapazität hauptsächlich in Deutschland hinzugefügt. In Afrika schloss TTE die Übernahme von SN Power ab und sicherte sich einen Anteil von 28,3% am Wasserkraftwerk Bujagali in Uganda (225 MW) sowie Anteile an Projekten in Ruanda (206 MW) und Malawi (360 MW).
In Kanada unterzeichnete TTE Vereinbarungen mit RES, um Wind- und Solarprojekte mit einer Gesamtkapazität von über 800 MW in Alberta zu erwerben, und schloss die Übernahme von Big Sky Solar (184 MW) ab. Die Big Sky-Anlage wird unter einem langfristigen PPA für zwei Drittel ihrer Produktion betrieben.
Diese Übernahmen unterstützen die Ziele von TTE, bis 2025 eine Bruttokapazität von 35 GW im Bereich erneuerbare Energien zu erreichen und bis 2030 über 100 TWh Stromproduktion zu erzielen, während ein Rentabilitätsziel von 12% im Elektrizitätssegment angestrebt wird.
- Significant expansion of renewable portfolio with over 15 GW pipeline in Europe
- Strategic entry into African hydropower market with 225 MW operational capacity
- Secured long-term PPA for two-thirds of Big Sky Solar output in Canada
- Strengthened position in German market through integrated electricity business
- Additional 800+ MW renewable capacity pipeline in Alberta
- Planned divestment of 440 MW Puutionsaari project in Finland
- Significant capital expenditure required for multiple acquisitions
- Integration challenges across three different geographical regions
Insights
TotalEnergies' strategic acquisition trifecta significantly accelerates its renewable energy transformation while bolstering its integrated power business model across three continents. The closed deals with VSB Group (Europe), SN Power (Africa), and renewable assets in Canada represent approximately 935 MW of currently installed capacity plus an impressive development pipeline exceeding 16 GW.
The European acquisition of VSB brings particular strategic value in Germany—Europe's largest energy market—where TotalEnergies is clearly pursuing vertical integration through complementary acquisitions of VSB (generation), Kyon Energy (storage), and Quadra Energy (energy management). This creates a robust full-spectrum electricity business in a key market while expanding TotalEnergies' total European renewables pipeline to over 40 GW.
The hydropower acquisition through SN Power diversifies TotalEnergies' renewable technology mix beyond wind and solar while creating operational synergies with existing exploration and production assets in Uganda. The 225 MW Bujagali facility provides baseload renewable power representing 25% of Uganda's peak electricity demand—bringing reliable generation that complements intermittent solar and wind assets elsewhere in the portfolio.
In Canada, the combination of the operational Big Sky Solar project with long-term PPAs plus the development pipeline positions TotalEnergies to capture both stable contractual cash flows and potential upside from merchant power and carbon credit sales in Alberta's regulated carbon market.
These acquisitions make tangible progress toward TotalEnergies' 35 GW by 2025 renewable capacity target and 100 TWh by 2030 electricity production goal while supporting the company's 12% profitability target in the electricity segment.
TotalEnergies' triple-continent acquisition strategy demonstrates a sophisticated approach to renewable energy expansion that maximizes both geographic diversification and technology differentiation. The company isn't merely accumulating renewable megawatts—it's building integrated electricity ecosystems in strategic markets.
In Germany, TotalEnergies has assembled the complete value chain: generation (VSB), storage (Kyon Energy), energy management (Quadra Energy), and offshore wind positions. This vertical integration creates significant competitive advantages through operational synergies and cross-selling opportunities while reducing exposure to wholesale price volatility.
The planned divestment of the 440 MW Puutionsaari project in Finland reveals disciplined capital allocation rather than blind accumulation of assets. By focusing on core markets where it can develop meaningful scale and integrated operations, TotalEnergies is likely to generate superior returns on invested capital.
The African hydropower acquisition introduces an important baseload renewable technology to complement TotalEnergies' predominantly intermittent wind and solar portfolio. With 225 MW operating and 566 MW in development across Uganda, Rwanda, and Malawi, the hydroelectric assets provide reliable power generation that can command premium pricing in developing markets with unstable grids.
The Alberta acquisitions are particularly noteworthy for their revenue diversification: two-thirds secured through long-term PPAs for stability, with the remainder exposed to merchant upside plus additional carbon credit revenue potential. This balanced approach to market exposure optimizes the risk-reward profile while maintaining the financial predictability needed to support TotalEnergies' 12% profitability target in its electricity business.
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Europe : 500 MW installed or under construction and a pipeline of more than 15 GW of solar and wind projects -
Africa : 255 MW installed inUganda and 560 MW of hydropower projects -
Canada : 180 MW installed and more than 600 MW of solar and wind projects
This deal strengthens TotalEnergies’ integrated electricity business in
VSB’s more than 15 GW pipeline will also increase TotalEnergies’ renewables pipeline in
The acquisition of SN Power will allow TotalEnergies to implement its multi-energy strategy in
The Company has signed agreements with RES to acquire certain wind and solar projects under development in
“The completion of these three acquisitions in
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TotalEnergies and electricity
As part of its ambition to get to net zero by 2050, TotalEnergies is building a world class cost-competitive portfolio combining renewables (solar, onshore and offshore wind) and flexible assets (CCGT, storage) to deliver clean firm power to its customers. By the end of 2024, TotalEnergies’ gross renewable electricity generation installed capacity had reached 26 GW. TotalEnergies will continue to expand this business to reach 35 GW in 2025 and more than 100 TWh of net electricity production by 2030.
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. Our more than 100,000 employees are committed to provide as many people as possible with energy that is more reliable, more affordable and more sustainable. Active in about 120 countries, TotalEnergies places sustainability at the heart of its strategy, its projects and its operations.
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FAQ
What renewable capacity will TotalEnergies (TTE) gain from the VSB Group acquisition in Europe?
How much hydropower capacity did TTE acquire through SN Power in Africa?
What are TTE's renewable energy targets following these acquisitions?
What is the capacity and PPA structure of TTE's Big Sky Solar acquisition in Alberta?
