Venterra Group, a renewable vitality agency specialising in wind energy ventures, has secured a £40m funding.
Based in 2021 by Ayman Asfari, who previously ran the multinational oilfield companies agency Petrofac, Venterra has been buying specialist firms creating know-how and options within the renewables sector.
“This elevate is a strong endorsement of Venterra’s technique and the experience of our folks,” stated Ed Daniels, chief government of Venterra Group.
“We’re scaling a world-class offshore wind companies platform that removes friction for builders, accelerates schedules, and drives efficiency throughout planning, engineering, set up and operations.
“This funding allows us to strengthen capabilities, spend money on innovation, and ship even larger worth to our shoppers as we advance the vitality transition.”
The fairness funding contains backing from Common Atlantic by way of its BeyondNetZero enterprise, First Reserve and different present shareholders together with Asfari.
The funding comes amid reviews from Sky Information relating to rumoured tensions over the function of the corporate’s founder.
