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TotalEnergies acquires developer VSB to strengthen its energy strategy

As part of its global energy strategy, TotalEnergies invests €1.57 billion to acquire the German group VSB, a major player in wind and solar projects in Europe.

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TotalEnergies has formalized the acquisition of VSB Group, a German developer specializing in renewable energies. This transaction, valued at €1.57 billion, marks a significant step in TotalEnergies’ diversification strategy aimed at strengthening its integrated electricity value chain.

Based in Dresden, VSB Group has developed more than 2 gigawatts (GW) of onshore wind capacity across Europe. The company also holds a project portfolio under development representing over 5 GW, including production and storage infrastructure. With this acquisition, TotalEnergies enhances its presence in the European market while consolidating its strategic position in renewable energies.

A Major Strategic Investment

TotalEnergies has set a goal to develop 100 GW of renewable energy production capacity by 2030. By 2023, the group had already reached 22.4 GW, exceeding its own annual forecasts. With VSB, TotalEnergies not only acquires key assets but also gains human and technological capabilities to accelerate this transition.

Felix Grolman, CEO of VSB Group, highlighted that this transaction represents a strategic alignment between the two entities, propelling their shared ambitions in renewable energies.

Parallel Projects Internationally

In addition to acquiring VSB, TotalEnergies is pursuing global initiatives. In Texas, the company signed an agreement to sell 50% of a 2 GW portfolio of solar and electricity storage projects to an investment fund. This operation is expected to generate $800 million in liquidity, confirming the group’s strategy of balancing investments while maintaining a significant presence in high-yield projects.

A Balance Between Renewables and Gas

In its quest to balance its energy transition, TotalEnergies continues to include gas-powered electric plants in its portfolio. These infrastructures are presented as complementary solutions to manage the intermittency of renewable energy sources, particularly in regions with high energy demand.

This hybrid approach, combining renewable energies and fossil fuel-based technologies, reflects TotalEnergies’ broader strategy of securing reliable supplies while reducing its carbon footprint.

Strengthened European Positioning

The acquisition of VSB, which operates in 21 locations across Germany, France, Poland, Finland, Italy, and Croatia, demonstrates TotalEnergies’ commitment to the European market. However, this acquisition is still subject to approval by competition authorities. If validated, it will constitute a major milestone in the execution of the group’s global energy strategy.

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