Publisher: VSB Holding GmbH
VSB Group: Successful market entry in South Korea - 35 MW project secured
Dresden/Seoul (renewablepress) - The VSB Group continues its international expansion. The newly founded Korean subsidiary "VSB Renewable Energy Korea Ltd.", based in Seoul, secures a 35 MW project.
With a team of national and international wind experts, the "VSB Renewable Energy Korea Ltd." starts the planning process for a 35 MW wind farm in South Korea. In collaboration with an experienced local project developer, who complements VSB's expertise with knowledge of the specific market requirements and a strong local network, the technical skills of both companies are bundled in such a way that planning proceeds quickly and efficiently.
Good framework conditions, a stable investment environment and a government that actively supports the expansion of renewable energies are important factors in the VSB Group's decision for the location. South Korea has set itself the goal of increasing the share of renewable energies from the current 7 % to 35 % by 2040. So far, South Korea has primarily met its energy needs through energy imports.
"South Korea has great potential in the field of renewable energies. That is why we are placing our commitment in this country on a stable foundation with strategic local partnerships in the long term. To achieve the 2040 target in South Korea, the government is relying on the support of international experts. We are proud to contribute to reach this target and are eager to drive forward the energy transition in South Korea," explains Dr. Joerg Dolski, Managing Director of VSB Neue Energien International GmbH.
After opening up numerous European markets, the expansion of the market portfolio to Asia is a logical further development of the VSB Group's previous internationalisation strategy.
About the VSB Group
VSB, headquartered in Dresden, is one of the leading full-service suppliers in the renewable energy sector. It’s core business is the international project development of wind and photovoltaic parks, as well as their operation, maintenance and repair. Since 1996, VSB has installed more than 600 wind energy and photovoltaic plants with a capacity of around 900 megawatts and an investment volume of 1.3 billion euros. The Group and associated companies employ 300 people at 19 locations.
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Dresden/Seoul, 12 December 2019
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About VSB Holding GmbH
The future of our energy supply is in renewables. This has been VSB Group’s guiding principle since 1996. And it’s been successful, too. From its head office in Dresden, the consultancy has become an international provider of wind energy and photovoltaic solutions. VSB adds value throughout the entire project life cycle, from securing land through approval planning and implementation to operations. We also offer our clients and investors a full range of specialized services and operate as a general contractor. We aim to provide quality, optimal project management, high-value components and excellent partners.
VSB implements environmentally-friendly projects, reducing CO2 emissions by several thousand tonnes. With our partners, we help municipal councils and mayors to develop and implement energy- and climate-driven concepts. Our common goal is to create a reliable energy supply, use energy consciously and efficiently and at low cost. This enables us to involve citizens comprehensively at an early stage, build acceptance and develop individual participation models.
A 300-strong team in Germany, Europe and worldwide works hard to make our vision of 100 percent energy generation from renewables a reality. For example, we have already succeeded in connecting roughly 900 megawatts of wind energy and photovoltaic power to the grid. That is equivalent to the annual energy consumption of roughly 1.3 million people. Many other projects are currently in development with cooperation partners, municipalities, citizens and investors.
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