Venterra

IGP Priority

Next Generation Installation and Operations & Maintenance

Support received

Business support

Developing an understanding of the mooring market

Global offshore wind services group based in the UK

Capabilities include geosciences, engineering, bespoke offshore equipment delivery and installation services.

Offering management support, infrastructure and capital to fuel the growth of its member companies and enhancing the integrated capabilities of specialist service providers.

Business profile

Venterra is a global offshore wind services group dedicated to accelerating the world’s energy transition by supporting large-scale offshore wind development. Established in 2021, Venterra supports the entire offshore wind farm lifecycle—from early-stage development to engineering, installation, operations, and decommissioning. With over 700 specialists operating globally, the company provides expert services and technical solutions that are proven to reduce project risk, time, and cost. Venterra’s integrated approach positions it as a critical player in driving the rapid expansion of offshore wind and advancing the clean energy transition.

Venterra provide a range of services to developers and tier one contractors across the lifecycle of offshore wind

Their approach enables specialist service providers to improve their operational efficiency and market reach, fostering collaboration and innovation

Venterra aims to address the industry’s scalability challenge by continuing to acquire supply chain companies and leveraging their collective capabilities across domestic and international markets

Venterra sought external support through the WEST programme to deepen their understanding of market demands in the offshore wind sector and assess the commercial potential of various products and services, specifically the development and commercialisation of anchor systems for floating offshore wind. Through this support, Venterra hoped to identify the right type of product mix and services to target for acquisition and which to develop in-house.

Ultimately, their goal was to gain a broader understanding of mooring solutions market, competing products, market size and the expected commercial landscape to better inform their acquisition strategy and business development initiatives.

Through the WEST Programme, Venterra received bespoke consultancy on market intelligence, market positioning and business development strategies

Acquired two new companies and created 160 new jobs

Increased forcasted Revenue by 60+% to circa £150 million

Substantial increase in exports

Before

Before engaging with OWGP, Venterra had already established itself as a global leader in offshore wind services, with eight member companies providing consultancy, engineering, project management, services and specialist equipment. Seeking to expand its product and service offerings and strengthen its position, Venterra sought OWGP’s support to identify which commercially viable products it should invest in developing and which companies to target for acquisition.

1/3

What they say

“

OWGP’s innovation funding has been a catalyst for Fennex’s transition into offshore wind, empowering us to bring decades of offshore oil & gas expertise to accelerate digital transformation in renewables. Their support has enabled us to develop AI-powered solutions that drive efficiency, collaboration, and cost reduction—delivering real impact where it matters most. With OWGP backing, we are not just adapting to change; we are driving it—pioneering AI-driven technology to revolutionise offshore wind operations and push the industry toward a smarter, more sustainable future.

GWEN FOLLAND

Head of External Affairs, Venterra