Mariam Sharman

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Mariam Sharman
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🌍💡 TotalEnergies Acquires German Renewable Energy Developer VSB for €1.57 Billion ⚡

TotalEnergies has expanded its renewable energy portfolio with the acquisition of VSB, a German developer of wind, solar, and battery storage projects, for €1.57 billion. The deal, financed through equity and shareholder loans, strengthens TotalEnergies' position in the European renewable energy market, particularly in Germany and France. VSB currently operates over 475 MW of renewable capacity and has a pipeline of 18 GW in development across wind, solar, and storage projects.


This acquisition complements TotalEnergies' strategy to enhance its integrated electricity value chain and solidifies its place as a leading renewable energy provider in Europe, particularly in offshore wind and battery storage. As part of the transaction, TotalEnergies also signed an agreement with Apollo to sell 50% of its solar and battery storage portfolio in Texas, further optimizing its renewable energy investments.

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