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Press Release

Herausgeber: VSB Holding GmbH

VSB Group and Commerzbank AG extend syndicated loan agreement

VSB Group and Commerzbank AG extend syndicated loan agreement<br />
© VSB Group
VSB Group and Commerzbank AG extend syndicated loan agreement
© VSB Group
Dresden (renewablepress) - VSB, the international project developer for wind energy and photovoltaics, has increased its existing syndicated loan agreement to a volume of EUR 160 million under the leadership of Commerzbank AG. It has a term of approximately two and a half years and will be used for general corporate financing.

The market for renewable energy is growing steadily, and so are VSB Group’s investments. To support this growth in nine European countries, the existing agreement has not only been extended but also increased by EUR 40 million to EUR 160 million. The banking syndicate led by Commerzbank consists of long-standing financing partners at Group level and banks with existing commitments at the level of project companies for the construction of wind and photovoltaic parks.

“The syndicated loan creates flexibility and planning certainty to support VSB Group’s growth and internationalisation. We have enjoyed a long and trusting relationship with Commerzbank AG for many years. Under its leadership, we have now succeeded in optimising the financial framework for the coming years,” says Hartmut Lieder, CFO of VSB Group.

Tim Koenemann, Head of the Center of Competence for Green Infrastructure Financing at Commerzbank in Hamburg, adds: “We are delighted to have played a leading role in assisting VSB Group with this successful financing. We see it as our strategic mission to drive the energy transition and the transformation of the energy industry.”

About VSB Group

VSB, headquartered in Dresden (Germany), is one of Europe’s leading vertically integrated developers in the field of renewable energies. Its core business is project development of onshore wind and photovoltaic parks, their operational management as well as the operation of its own assets as a growing independent power producer. VSB operates in nine European countries and has a pipeline of more than 15 GW. Since 1996, VSB has commissioned more than 700 wind energy and photovoltaic plants with a combined installed capacity of approximately 1.3 GW. VSB also provides services for around 3.2 GW worth of installed plants. With its affiliated companies, the Group employs over 500 people.


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Caption: VSB Group and Commerzbank AG extend syndicated loan agreement
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Dresden, 25 April 2024

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VSB Group
Sandy Richter
Press officer
Phone: +49 (0)351 21183 653
E-Mail: sandy.richter@vsb.energy

VSB Holding GmbH
Schweizer Str. 3 a
01069 Dresden

Internet: https://www.vsb.energy


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About VSB Holding GmbH

The future of our energy supply is in renewables. This has been VSB Group’s guiding principle since 1996. And it’s been successful, too. From its head office in Dresden, the consultancy has become an international provider of wind energy and photovoltaic solutions. VSB adds value throughout the entire project life cycle, from securing land through approval planning and implementation to operations. We also offer our clients and investors a full range of specialized services and operate as a general contractor. We aim to provide quality, optimal project management, high-value components and excellent partners.

VSB implements environmentally-friendly projects, reducing CO2 emissions by several thousand tonnes. With our partners, we help municipal councils and mayors to develop and implement energy- and climate-driven concepts. Our common goal is to create a reliable energy supply, use energy consciously and efficiently and at low cost. This enables us to involve citizens comprehensively at an early stage, build acceptance and develop individual participation models.

Over 350 employees in Germany, Europe and around the world are engaged to make our vision of 100 percent energy generation from renewables a reality. For example, we have already succeeded in connecting roughly more than 700 wind energy and photovoltaic plants to the grid. Many other projects are currently in development with cooperation partners, municipalities, citizens and investors.

More Information about VSB Holding GmbH

Press Contact

Sandy Richter

Sandy Richter
VSB Holding GmbH
E-Mail: sandy.richter@vsb.energy
Phone: +49 (0)351 / 211 83 - 653