On December 4, 2024, in a bold move that reshapes the European energy landscape, Partners Group officially announced the sale of VSB Group to TotalEnergies for an impressive amount of 1.57 billion euros. Founded in 1996, VSB has established itself as a leading platform in the renewable energy sector, developing and managing photovoltaic and wind projects across Europe. This sale crowns a period of radical transformation for VSB, which had been propelled by Partners Group’s strategic plan to expand its green production capacity. An important milestone for TotalEnergies, which, by acquiring this key player, strengthens its strategy for expansion in renewable energy. This transaction reflects the dynamic forces at work in the transition towards a more sustainable future.
In December 2024, Partners Group, an influential player in global private markets, announced the sale of VSB Group, a leading platform in the renewable energy sector in Europe, to TotalEnergies. Valuing VSB at 1.57 billion euros, this transaction reflects a significant strategic evolution for TotalEnergies in the field of renewable energy.
Since Partners Group acquired VSB in 2020, the company has significantly evolved, moving from a mid-sized developer to an essential platform in Europe. Well established in various European countries and with over 500 employees, VSB has successfully developed more than 2.3 GW of renewable energy assets and currently manages 3 GW.
Thanks to a value creation plan implemented by Partners Group, VSB’s project pipeline has more than doubled, and its operational capacity has significantly increased. These initiatives have resulted in a five-fold increase in EBITDA. The enhanced focus on decarbonization and energy independence in Europe has also facilitated this dynamic transformation.
partners group transforms VSB group and sells it to TotalEnergies
In 2020, Partners Group acquired VSB Group, a mid-sized renewable energy developer, with the aim of transforming it into a major pan-European platform in the field. This transformation was accompanied by a spectacular increase in the project pipeline, rising from 8 GW to over 18 GW, and in its operational and construction capacity from 53 MW to over 475 MW. The company has greatly diversified its activities, integrating techniques such as battery storage and e-mobility technologies. These developments have led to a five-fold increase in EBITDA, highlighting the ambitious value creation plan implemented by Partners Group.
transaction and valuation of VSB Group
TotalEnergies recently announced the acquisition of VSB Group for a value of 1.57 billion euros. This transaction strengthens TotalEnergies’ presence in the renewable energy sector in Europe, by absorbing a significant player with established resources and capabilities. VSB Group, founded in 1996 and based in Germany, has already developed over 2.3 GW of renewable energy production assets and currently manages 3 GW. Through its involvement in the renewable energy value chain, from development to project management, VSB represents a strategic consolidation for TotalEnergies.
the perspectives on sustainable commitment and energy independence
The emphasis placed by VSB Group on sustainable energy production meets favorable winds in Europe, where decarbonization goals are increasingly prioritized. The acquisition by TotalEnergies demonstrates this commitment towards a cleaner and more sustainable energy model. Meanwhile, Partners Group, a key player in the global private market, managing approximately 150 billion USD in assets, has recognized the strength of this trend and has been able to capitalize on this opportunity. VSB’s journey in the energy sector reflects a thematic vision and an ability to adapt to the growing environmental demands of the European market.
