VSB Group

Renewable Energy Developmentvsb.energy

VSB Group is a Dresden-based European renewable energy developer and IPP operating across Germany, France, Finland, Italy, Croatia, and Poland. Since April 2025 a subsidiary of TotalEnergies, VSB develops, builds, and operates wind, solar, battery storage, and e-mobility projects for landowners, municipalities, industrial firms, and fleet operators.

Company typePrivate
Founded1996
HeadquartersDresden, Germany
Headcount501–1,000
GTM typeB2B
OfferingServices

What VSB Group does

VSB Group is a European renewable energy project developer and Independent Power Producer (IPP) headquartered in Dresden, Germany, founded in 1996. The company develops, finances, builds, and operates wind farms, solar parks, and battery energy storage systems (BESS) across six European markets: Germany, France, Finland, Italy, Croatia, and Poland. Since April 2025, VSB has operated as a wholly-owned subsidiary of TotalEnergies SE, following the acquisition from Partners Group and founder Andreas Dorner.

The company's service portfolio spans the full project lifecycle: greenfield site identification and permitting, project development, EPC and construction management, repowering of aging wind assets, technical and commercial asset management for third-party owners, and long-term electricity generation under PPAs. VSB holds over 475 MW in own operation (IPP) and a development pipeline exceeding 20 GW. Proprietary technology includes the VSB Cloud platform for asset monitoring and optimization, an e-mobility backend system for EV charging infrastructure management, and a direct-line (Direktstrom) technology connecting EV charging parks to nearby wind or solar farms via on-site PPAs. Flagship hybrid projects include the 303 MWp Brzezinka park in Poland, the 450 MW Puutionsaari project in Finland, and the 105.6 MW Elster repowering in Germany.

VSB generates revenue through project development fees, EPC and construction services, asset management contracts (550 MW under follow-up in France alone), long-term IPP electricity sales, repowering services, and an e-mobility portfolio including Charging-as-a-Service. The company targets a diversified customer base spanning landowners, municipalities, energy cooperatives, industrial enterprises, fleet operators, and third-party asset owners.

VSB Group firmographics

Firmographics

Name: VSB Group
Legal name: VSB Holding GmbH
Website: https://vsb.energy
Company type: Private
Founded year: 1996
Operating status: Acquired
Headcount range: 501–1,000 employees
Short description: VSB Group is a Dresden-based European renewable energy developer and IPP operating across Germany, France, Finland, Italy, Croatia, and Poland. Since April 2025 a subsidiary of TotalEnergies, VSB develops, builds, and operates wind, solar, battery storage, and e-mobility projects for landowners, municipalities, industrial firms, and fleet operators.
Ownership category
akta.pro rank

VSB Group industry classification

Industry

Product category: Renewable Energy Development
NAICS: Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)
SIC: Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
akta.pro primary industry: Development-Stage M&A & Portfolio Acquisition (Early-Stage/Ready-to-Build) (EUAMAAAF)
akta.pro secondary industries: BESS EPC, Integration & Commissioning (EUAFAAAB), Distributed & Commercial Renewable O&M (Rooftop Solar, C&I Wind, Small Hydro) (EUAMAGAB), Substations, Transformers & Grid Step-Up Facilities (EHV Substations, GSU Transformers) (EUAMAFAE)

Keywords

Wind farm development
Solar park development
Battery storage solutions
Renewable energy asset management
E-mobility charging solutions

Where VSB Group is headquartered

Location

Headquarters

HQ city: Dresden
HQ country: Germany
HQ region: Europe

Offices7 records

Markets served

VSB Group business model

Business model

GTM type: B2B
Offering type: Services
Cost components: Infrastructure, Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales

Revenue model

Renewable Energy Project Development: VSB develops wind farms, solar parks, and battery storage projects from greenfield through to commissioning, earning development fees and selling completed project rights. The company also co-develops projects with landowners and strategic partners.
Independent Power Producer (IPP) / Electricity Generation & Sales: VSB operates its own renewable energy assets (475+ MW in own operation) and sells the generated electricity directly to customers or via Power Purchase Agreements (PPAs). Revenue is generated through long-term PPAs and direct electricity supply contracts.
Technical and Commercial Asset Management: VSB provides operational management, maintenance, and commercial management services for renewable energy assets owned by third parties. Services include substation management, operational management, maintenance and repairs, and PPA contract management.
E-Mobility Services: Integrated e-mobility solutions including charging infrastructure deployment (Charging-as-a-Service), commercial operations management, direct power supply for EV charging parks, and energy cost optimization for fleet operators.
Repowering Services: VSB replaces outdated wind turbines with modern, more efficient ones (e.g., Elster repowering: 50 turbines replaced by 16 with 105.6 MW capacity, 6x energy yield increase), generating revenue through development and construction fees and new IPP assets.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels9 records

VSB Group product offering

Product offering

Core offering

VSB Group develops, plans, builds, finances, and operates wind farms, solar parks, and battery energy storage systems (BESS) across six European countries (Germany, France, Finland, Italy, Croatia, Poland). The company also acts as an Independent Power Producer (IPP) selling electricity through long-term Power Purchase Agreements (PPAs), provides technical and commercial asset management for third-party renewable energy assets, offers repowering services to replace outdated turbines, and delivers integrated e-mobility solutions including Charging-as-a-Service for fleet operators.

Product overview

VSB Group operates as a renewable energy project developer and Independent Power Producer (IPP) offering a comprehensive portfolio of wind, solar, and battery storage services across six European countries. The company's core offerings span the entire project lifecycle including development, planning, construction, and long-term operation of wind farms and solar parks. VSB has expanded into integrated energy solutions including E-Mobility Solutions (with sub-products: Charging-as-a-Service, Direct Power for EV Charging Parks, Commercial Operations Management, Energy Cost Optimisation, and Charging Infrastructure), battery storage (BESS), and repowering services. The company also operates as an IPP with over 475 MW in own electricity generation. Services are delivered through regional offices in Germany, France, Italy, Poland, Finland, and Croatia.

Differentiator

Problem solved

Functional benefit

Brands

ENERGYNIOUS: Individual energy solutions offered by VSB for businesses, covering integrated renewable energy supply.
VSB ESG Policy
VSB GoesGreen Initiative

Products and services

Wind Energy Projects
Solar Energy Projects
Battery Storage Solutions (BESS)
E-Mobility Solutions
Repowering
Energy Park Management
Independent Power Producer (IPP)
Project Acquisition and Cooperations
ENERGYNIOUS — Individual Energy Solutions

Quantifiable outcome

Elster Repowering project: 50 outdated wind turbines replaced by 16 modern ones using less than 2/3 of the original area, with energy yield increasing sixfold to ~235 GWh/year — enough to supply 67,000 three-person households.
+3 more outcomes

Companies that use VSB Group

Customer profile

Named customers2 records

Segments7 records

Ideal customer profiles6 records

VSB Group technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Feature4 records

VSB Group partnerships and signals

Strategic signal

Partnerships

Six partnerships are on record, tiered minor.

Campus des Métiers et Qualifications d'Excellence Habitat, Énergies Renouvelables et Éco-constructionminorStrategic or Co-development Partner · 25 June 2026VSB France partnered with the Campus des Métiers as an associated member within the framework of 'PIA 3 – CMQE HEREC Territoire d'innovation pédagogique'. The collaboration aims to develop the skills needed for renewable energy expansion and prepare talent that will shape tomorrow's energy mix.
Max Bögl (Gewellschaft für Bauen und Wohnen)minorOthersMax Bögl, a hybrid tower constructor, was engaged for the Elster Repowering project in Saxony-Anhalt, Germany. Max Bögl was responsible for constructing foundations for the new wind turbines as part of one of Europe's largest repowering projects (50 turbines replaced by 16 modern ones).
Landesverband Erneuerbare Energie Sachsen-Anhalt e.V.minorOthersVSB is an active member of regional renewable energy associations including Landesverband Erneuerbare Energie Sachsen-Anhalt e.V., Energieavantgarde Anhalt e.V., Landesverband Erneuerbare Energie Mecklenburg-Vorpommern e.V., and Bundesverband WindEnergie e.V. (Regionalverband Brandenburg).
Energieavantgarde Anhalt e.V.minorOthersVSB is an active member of regional renewable energy associations, engaging in advocacy and network-building for the energy transition.
Landesverband Erneuerbare Energie Mecklenburg-Vorpommern e.V.minorOthersVSB is an active member of regional renewable energy associations, engaging in advocacy and network-building for the energy transition.
Bundesverband WindEnergie e.V. (Regionalverband Brandenburg)minorOthersVSB is an active member of the Federal Wind Energy Association's Brandenburg regional chapter, contributing to wind energy policy advocacy.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

VSB Group competitors and assessment

Company assessment

Direct peers

wpd AG: wpd is a Bremen-based European leader in onshore wind project development, with growing solar and storage operations. Comparable to VSB in onshore wind development focus, European footprint, and IPP asset ownership.
Encavis AG: Encavis is a Hamburg-based IPP and operator of solar and wind parks across Europe. Directly comparable to VSB as a European renewable energy developer and IPP with operating assets and a development pipeline; acquired by KKR in 2024.
BayWa r.e. AG: BayWa r.e. is a Munich-based global developer, service provider, and wholesaler of renewable energy, particularly wind and solar. Directly comparable to VSB in European project development, IPP ownership, and asset management services.
ABO Energy GmbH & Co. KGaA: ABO Energy is a German-based renewable energy project developer active in wind, solar, and storage across Europe, South Africa, and other markets. Highly comparable to VSB in greenfield development, project pipeline scale, and European focus.
PNE AG: PNE AG is a German wind and solar project developer with operations in Europe, South Africa, and the US. Closely comparable to VSB in onshore wind and solar PV project development, IPP operations, and European market focus.

Broad incumbents

Iberdrola Renovables: Iberdrola is a Spanish global utility with one of the world's largest renewable energy portfolios (onshore/offshore wind, solar). Comparable to VSB in European renewable IPP operations but at vastly larger scale.
Statkraft AS: Statkraft is a Norwegian state-owned hydropower company and Europe's largest generator of renewable energy, with growing wind and solar IPP operations. Comparable to VSB in European renewable IPP focus but with hydropower-dominant portfolio.
Enel Green Power: Enel Green Power is the global renewable energy arm of Enel Group, operating one of the world's largest renewable IPP portfolios. Comparable to VSB in wind/solar/storage IPP model but with much broader geographic and operational scale.
RWE Renewables: RWE is one of Europe's largest utility renewable energy developers and IPPs, with extensive wind, solar, and storage operations across multiple markets. Comparable to VSB in core renewable generation but vastly larger scale and broader portfolio.
EDP Renováveis (EDPR): EDP Renováveis is a Lisbon-based global renewable energy developer and IPP with significant European operations in wind and solar. Comparable to VSB in renewable project development and IPP ownership but with global scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

VSB Group compliance and trust

Trust signal

Compliance2 records

VSB Group financial estimates

Financial estimate

Revenue estimate

Valuation estimate

VSB Group leadership team

Management profile

Number of profiles

Profiles10 records

VSB Group subsidiaries and ownership

Company hierarchy

Subsidiaries7 records

VSB Group funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

VSB Group M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VSB Group

What does VSB Group do?

Is VSB Group a public or private company?

VSB Group is a private company. It is classified as corporate owned and is currently acquired.

When was VSB Group founded?

VSB Group was founded in 1996. It employs 501 to 1,000 people.

Where is VSB Group based?

VSB Group is headquartered in Dresden, Germany, in the Europe region.

How does VSB Group make money?

Five revenue lines are on record. Renewable Energy Project Development is the primary driver. The others are independent Power Producer (IPP) / Electricity Generation & Sales, technical and Commercial Asset Management, E-Mobility Services and repowering Services.

Who are VSB Group's main competitors?

Direct peers on record are wpd AG, Encavis AG, BayWa r.e. AG, ABO Energy GmbH & Co. KGaA and PNE AG. Broad incumbents are Iberdrola Renovables, Statkraft AS, Enel Green Power, RWE Renewables and EDP Renováveis (EDPR).

Does VSB Group have an API?

No public API is recorded for VSB Group.

What industry is VSB Group in?

VSB Group's product category is Renewable Energy Development. Its primary akta.pro industry code is EUAMAAAF, Development-Stage M&A & Portfolio Acquisition (Early-Stage/Ready-to-Build), with a secondary code of EUAFAAAB, BESS EPC, Integration & Commissioning. Its NAICS code is 2211 and its SIC code is 4911.