TotalEnergies to buy German renewables developer VSB


The French firm has identified Germany as a priority growth market for its integrated power business. — Reuters

PARIS: French oil major TotalEnergies has agreed to buy German renewable developer VSB Group for US$1.65bil from Swiss asset manager Partners Group, it has said, as it expands in a priority market.

The French firm has identified Germany as a priority growth market for its integrated power business, and said the acquisition would also deepen its expertise in building onshore wind.

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