Press Release
Publisher: VSB Holding GmbH
Sustained growth secured: TotalEnergies acquires 100 per cent of VSB Group
The Juurakko wind farm in Finland
© Ulrich Mertens Atelier für Kunst und FotografieDresden/Zug/Paris (renewablepress) - Green light at VSB and TotalEnergies: the French energy company TotalEnergies has signed an agreement for the complete acquisition of the shares of the VSB Group, from majority owner Partners Group as well as VSB’s founder. Headquartered in Germany, VSB is one of Europe’s leading platforms for renewable energy, with a project pipeline of over 18 gigawatts for wind, photovoltaic and battery storage and over 475 megawatts in its own operation (IPP).
The expansion of renewable energy is a major global challenge for society as a whole. That is why joining forces through strong partnerships is the way to tackle climate change decisively and accelerate the growth of wind energy, photovoltaics, e-mobility and storage. By entering into this partnership with TotalEnergies, VSB Group will contribute its extensive expertise in developing renewable energy projects in six European energy markets and its reputation for trust and quality as a valuable basis for this new common path. At the same time, VSB Group will benefit from the financial strength, global network and excellent strategic positioning of the French energy group.
Dr Felix Grolman, CEO of VSB Group, comments: “Renewable Energy is the new normal. The pivotal change in global energy production is clear in this new partnership. TotalEnergies´ global impact, with the ambitious goal of 100 gigawatts of renewable energy capacity by 2030, combined with VSB´s capability to deliver over 5 gigawatts production and storage assets in the next few years in Europe alone, is a giant step towards making those ambitions a reality. Our common mission is to build and operate as many gigawatts of wind-, solar, and storage assets, as efficiently as possible as fast as possible!”
"We are very pleased to welcome the 500 employees of VSB Group and their leading onshore wind expertise in European markets. Their competences and assets will contribute to the development of our Integrated Power strategy in Europe, and notably in Germany“, said Stéphane Michel, president of Gas, Renewables and Power at TotalEnergies.
The completion of the transaction remains subject to the approval of applicable merger control authorities.
Founded in 1996, VSB Group has 21 locations in Germany, France, Poland, Finland, Italy and Croatia. Since 2020, the company has been majority-owned by Partners Group, one of the largest firms in the global private markets industry, acting on behalf of its clients.
About VSB Group
VSB, headquartered in Dresden, is one of Europe’s leading vertically integrated developers in the field of renewable energy. Its core business is project development of onshore wind and photovoltaic parks, battery storage solutions, their operational management as well as the operation of its own assets as a growing independent power producer. VSB operates in six European countries and has a pipeline of more than 18 GW. Since 1996, it has installed more than 750 wind energy and photovoltaic plants. VSB also provides services for a portfolio of more than 3 GW and is active in the field of e-mobility for freight transport. With its affiliated companies, the Group employs over 500 people. Further information:
www.vsb.energy
About TotalEnergies
TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas and green gases, 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.
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 over 24 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.
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Caption: The Juurakko wind farm in Finland
© Ulrich Mertens Atelier für Kunst und Fotografie
Dresden/Zug/Paris, 04 December 2024
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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.
Over 350 employees in Germany, Europe and around the world are engaged to make our vision of 100 percent energy generation from renewables a reality. For example, we have already succeeded in connecting roughly more than 700 wind energy and photovoltaic plants to the grid. Many other projects are currently in development with cooperation partners, municipalities, citizens and investors.
Press contact at VSB Holding GmbH
Sandy Richter
Mail: sandy.richter@vsb.energy
Phone: +49 (0)351 / 211 83 - 653
