NeXtWind Engages in Joint Venture with VSB Group for Wind Repowering in Germany
Deal News | Apr 14, 2025 | Watson Farley & Williams
Watson Farley & Williams (WFW) has advised NeXtWind Capital Ltd. on its strategic partnership with the VSB Group for the planning and development of an onshore wind repowering project in Saxony-Anhalt, Germany. The project aims to establish up to 16 wind turbines, enhancing Germany's renewable energy infrastructure. NeXtWind, a prominent renewable energy provider with a significant financial base, has its operations in Berlin and London. Meanwhile, VSB Group, operating out of Dresden and part of TotalEnergies since 2025, brings extensive international experience in wind and solar park development. WFW's Hamburg legal team, led by Dr. Wolfram Bge and colleagues, has facilitated the deal. This marks the second collaboration between NeXtWind and WFW in 2025 to advance NeXtWind’s German onshore wind portfolio.
Sectors
- Renewable Energy
- Legal Advisory
- Corporate Finance
Geography
- Germany – The joint venture focuses on an onshore wind repowering project in Saxony-Anhalt, Germany, with both NeXtWind and VSB Group operating within the country.
- United Kingdom – NeXtWind operates with an office in London, indicating a geographic presence in the UK relevant to the company's activities.
- France – VSB Group is part of French energy company TotalEnergies, indicating connections to the French renewable energy sector.
Industry
- Renewable Energy – The article highlights a partnership for a wind repowering project in Germany, symbolizing advancements and investments in renewable energy infrastructure.
- Legal Advisory – Watson Farley & Williams provided legal counsel for the strategic partnership, showcasing the role of legal advisors in facilitating renewable energy projects.
- Corporate Finance – The involvement of financial planning and decision-making in the joint venture indicates the relevance of corporate finance.
Financials
- $750 million – Total financing base of NeXtWind as mentioned in the article.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| NeXtWind Capital Ltd. | Target company | Company | A leading renewable energy provider in Germany involved in the joint venture project. |
| VSB Group | Bidding company | Company | A full-service renewable energy provider part of TotalEnergies, participating in the joint venture. |
| Watson Farley & Williams (WFW) | Legal advisor | Company | Provided advisory services to NeXtWind for the joint venture with VSB Group. |
| TotalEnergies | Other company | Company | Parent company of VSB Group, indicating their involvement in the renewable energy sector. |