Venterra Group, a renewable energy firm specialising in wind power ventures, has secured a £40m investment.
Founded in 2021 by Ayman Asfari, who formerly ran the multinational oilfield services firm Petrofac, Venterra has been acquiring specialist companies developing technology and solutions in the renewables sector.
“This raise is a powerful endorsement of Venterra’s strategy and the expertise of our people,” said Ed Daniels, chief executive of Venterra Group.
“We are scaling a world-class offshore wind services platform that removes friction for developers, accelerates schedules, and drives performance across planning, engineering, installation and operations.
“This funding enables us to strengthen capabilities, invest in innovation, and deliver even greater value to our clients as we advance the energy transition.”
The equity investment includes backing from General Atlantic via its BeyondNetZero venture, First Reserve and other existing shareholders including Asfari.
The funding comes amid reports from Sky News regarding rumoured tensions over the role of the company’s founder.
