Renewable Energy Group Venterra

Introduction to Venterra

A renewable energy group will this week announce a £40m fundraising drive, despite signs of growing tensions over its leadership. The group, which was founded four years ago, will announce the capital injection as early as Monday.

Fundraising and Backers

Its backers include existing shareholders, a fund affiliated with a private equity firm, and another private equity investor. The fundraising comes amid a challenging climate affecting much of the renewable energy sector. While offshore wind remains an important element of the global energy transition, changing investment priorities are being accelerated.

Challenges in the Renewable Energy Sector

The US president’s second term resulted in slower-than-expected growth for companies like this group. A source said there had been growing tensions in recent months over the role of the company’s founder and his prospects for 2026.

Company Background

The group has already raised equity capital totaling £250 million since its inception. A former chief executive of a major oil company sits on the group’s board as a non-executive director and represents the investment in the fund. The founder, who has been a prominent figure in Britain’s energy services sector for years, stepped down as boss of an oilfield services group in 2023.

Current Situation

The group did not respond to email queries. The fundraising drive is expected to be announced soon, despite the challenges and tensions within the company. The future of the company’s leadership and its prospects for 2026 remain uncertain.