Renewable Energy M&A: $2bn sale of VSB Group, Partners Groups looks to tap Germany's rising renewables demand

🌱 Partners Group is rumored to be in conversations with financial advisers in the last few weeks for the potential sale of their Germany-based utility-scale solar and wind platform VSB Group for ~$2bn, after ~4 years of holding.

💎 Robust portfolio: The company holds over 1.3 GW of operational assets, located across Germany, Italy, France, Spain, Poland, Romania, Greece, Finland, and Croatia.

🔄 Strategic Shift: Initially, Partners Group planned to merge VSB with Spain's Exus, a renewables platform that they acquired for $1bn in Oct’23. However, this plan was later dropped, indicating a change in strategic direction.

💡 Booming Market: Germany's renewable energy sector has witnessed over $8bn in deals since 2023, with PE firms like Asterion, AIP Management, and Norges Bank carrying out $1bn+ transactions, primarily targeting onshore and offshore wind assets.

🤝 Emerging Investment Opportunities: The rumour closely follows a recent announcement by Encavis, another German renewables firm, which has confirmed that they are in talks with KKR for a $2bn sale.

The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.

Click to know more about Enerdatics' Renewable Energy M&A, Finance, PPA, and Projects databases.