News

Dresden/Zug/Paris, 04 December 2024 – 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).

VSB, the international project developer for wind energy and photovoltaics, has increased its existing syndicated loan agreement to a volume of EUR 160 million under the leadership of Commerzbank AG. It has a term of approximately two and a half years and will be used for general corporate financing.

VSB Uusiutuva Energia Suomi Oy has been awarded the Great Place To Work™ certificate for its excellent working atmosphere. The company has also been ranked sixth in the Suomen Parhaat Työpaikat™ (Finland’s Best Workplaces) list published today, in the category of small companies.

VSB Group’s senior management is complete: Dirk Retzlaff took over as Chief Operating Officer (COO) on 1 November 2023. Retzlaff will ensure that the 15 GW wind and photovoltaic pipeline of the international renewable energy project developer remains on track and is continuously expanded.

VSB Uusiutuva Energia Suomi Oy is expanding its operations in the field of renewable energy. In the future, the company will also develop solar power projects in addition to wind power projects. Besides the development of independent solar farms, VSB is exploring the synergies of combining solar and wind power projects. The aim is to develop future energy production solutions based on hybrid models combining different forms of production.

VSB, the multinational project developer for wind energy and photovoltaics, announces a change in the management of the group: from 1 July 2023, Dr. Felix Grolman, an internationally accomplished executive with many years of experience in the renewable energy sector, will lead the company as CEO.