Stuttgart / Dresden, 28.09.2021. VSB Group - one of the leading full-service providers in the field of renewable energies - has signed a syndicated loan of 80 million euros with the support of REM CAPITAL AG. This will enable the project developer for wind energy and photovoltaics to further accelerate its expansion course.
The syndicated loan serves to finance the working capital of the group of companies. VSB with headquarter in Dresden plans and builds renewable energy projects at 22 locations in Europe and Asia.
"REM CAPITAL AG is a long-standing financial partner on whom we trust. We would like to thank them for their excellent cooperation and are pleased with their confidence in our growth strategy. Our goal is to continue to drive the expansion of wind and solar in Germany and Europe at high speed," said Marko Lieske, CFO of VSB Holding GmbH.
"With this project, we are making a valuable contribution to sustainable energy generation and setting another significant milestone for the growth of the VSB Group. The excellent teamwork of all parties involved throughout the process has been a great pleasure," said Asken Godefroy, Head of Structured Finance at REM CAPITAL AG.
About the VSB Group
VSB Group with headquarter in Dresden is one of the leading full-service providers in the field of renewable energies. Its core business is the national and international project development of wind and photovoltaic parks, their operational management as well as the operation of its own parks. In addition, VSB supports industrial and commercial customers with regard to energy generation and efficiency. Since its foundation in 1996, more than 700 wind energy and photovoltaic plants with an installed capacity of around 1.1 GW and an investment volume of 1.7 billion euros have been built. VSB also provides services for around 1.4 GW. The Group and its affiliated companies have more than 300 employees at 22 locations. Since January 2020, the Swiss Partners Group has been the indirect majority shareholder with 80% and supports the international growth.
About REM CAPITAL AG
REM CAPITAL AG, headquartered in Stuttgart and with offices in Berlin, Düsseldorf, Frankfurt, Hamburg, Munich, Vienna, Johannesburg and Amsterdam, is a consulting and implementation company specializing in the development of complex public funding. In addition, REM CAPITAL AG supports companies in structuring, real estate financing, international financing as well as in the field of infrastructure and renewable energies. A core competence is the combination of specialized credit and technical knowledge. Since 2019, REM CAPITAL AG has been a member of the Hypoport Group of Companies and can thus draw on a strong network of innovative financial services companies.