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.

Share:

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.

Iberdrola strengthens its financial position with a new five-year credit facility, signed with 32 banks, to support investments in power grids and renewable energy, particularly in the United States.
Kinder Morgan, Inc. reports strong financial results for the second quarter of 2025, with net profit up 24% and a project backlog boosted by major new investments in natural gas transportation.
CenterPoint Energy remains vigilant as Invest 93L approaches, deploying emergency plans and pursuing upgrades to its electrical infrastructure across the Greater Houston area.
The Georgia Public Service Commission approves the 2025 Integrated Resource Plan, which includes major investments in generation, storage and the grid to address the strong rise in electricity demand.
Norwegian industrial group Aker ASA achieved a strong surge in its share price in the first half, expanded its diversification into real estate, and executed major transactions despite global energy market volatility.
ADNOC announces the transfer of 24.9% of its shares in OMV to its subsidiary XRG, continuing the streamlining of its international assets and preparing the creation of Borouge Group International.
The SMI China Forum brings together international and Chinese leaders for dialogue on supply chains, investment and energy innovation, marking a major step in public-private sector cooperation.
Mining group BHP sees low-emission iron production in Australia as unprofitable, just as Canberra and Beijing announce closer cooperation to decarbonise the global steel industry.
Aker Carbon Capture distributed $162mn in dividends to its shareholders, a direct consequence of significant asset disposals and a substantial restructuring of its balance sheet in the second quarter of 2025.
Equinor ASA acquired 2.1 mn of its own shares on the Oslo Stock Exchange for a total of $201 mn between July 7 and 11, continuing the second phase of its 2025 buyback programme.
Norwegian group Aker Horizons transfers all its activities to a subsidiary of Aker ASA, sells major assets and prepares its new strategy after a half-year net loss of $220mn.
South Texas Electric Cooperative is seeking proposals for the acquisition or purchase of energy for 500 MW of dispatchable capacity, aiming to strengthen long-term supply security in the ERCOT region.
A federal funding package of $16mn aims to accelerate grid modernisation, renewable energy development and carbon capture in Canada’s Maritime provinces.
RTE and Nexans announce the creation of a recycling chain dedicated to aluminium from electrical cables, targeting 600 tonnes annually and covering the entire industrial cycle from collection to production.
Three scientists from China, the United States and Russia are laureates of the 2025 Global Energy Prize, honoured for their work on high-voltage power lines, fuel-cell catalysts and pulsed energy technologies.
Rio Tinto’s new CEO inherits a significant stock market discount and will need to overcome major regulatory, operational, and financial hurdles to swiftly restore the company's appeal to international investors, according to a Wood Mackenzie analysis.
Westbridge Renewable Energy enters digital infrastructure market with Fontus, a 380 MW data centre campus in Colorado, positioned to meet strong growth in US cloud and artificial intelligence services.
Offshore drilling company Borr Drilling Limited announced the completion of an initial tranche issuance of 30 million ordinary shares out of the planned 50 million, raising $61.5mn towards the total goal of $102.5mn.
EDF announces a new internal organization with key executive appointments to enhance decision-making efficiency and expedite the revival of nuclear and hydroelectric projects central to its industrial strategy.
Rubis announces half-year results of its liquidity agreement managed by Exane BNP Paribas, totalling 241,328 shares exchanged for an aggregate amount of €6.5mn in the first half of 2025.