German wind and solar developer VSB Group has expanded its existing syndicated loan facility to EUR 160 million (USD 171.6m) to support its market expansion across nine European countries.
The renewables company has secured additional debt financing of EUR 40 million under a deal with a syndicate led by domestic lender Commerzbank AG. The loan has a term of two and a half years.
“The syndicated loan creates flexibility and planning certainty to support VSB Group’s growth and internationalisation,” said Hartmut Lieder, CFO of VSB Group. He added that the arrangement will enable the company to enhance its financial framework for the coming years.
Separately, VSB Group announced it has achieved commercial operations at its 17.1-MW Vockenrod wind farm in the German state of Hesse. Located in the municipality of Antrifttal in the Vogelsbergkreis district of Middle Hesse, the plant is equipped with three Nordex N149-5.X.
After being successful with the project in the February round of the Federal Network Agency’s (BNetzA) tender programme, VSB Group will add two more turbines at the site, planning to bring them online in the spring of 2026. The installation of the two extra machines is due to begin in the fourth quarter of this year.
