Profit Meets Purpose: How Ventus.Energy Grew from Zero to €50M in Just One Year
Energy industries worldwide are experiencing rapid growth in demand, while simultaneously facing challenges caused by this very growth. New capacity must be built quickly, grid systems should be balanced, and financing models need to evolve. In this global context, Ventus Energy was established — a company rooted in the Baltic region but with ambitions and perspectives shaped by broader industry trends.
Although 2024/2025 marks Ventus Energy’s first official year of operations — with its anniversary on September 7th — the journey started long before. One of the founders has been active in the energy sector for over a decade, laying the groundwork for what the company is today. Some of Ventus’ key assets, like Powerhouse Jugla, have roots that go back many years. This level of experience and early preparation are what allowed Ventus Energy to achieve such impressive results right from its very first year.
Highlights from year one
The first year was marked by the rapid scaling of Ventus Energy’s project portfolio. By year-end, the Group was managing 13 energy projects at various stages of development, 11 in Latvia and two in Lithuania, with a combined capacity of approximately 200 MW once fully operational.
This progress is built on Ventus Energy’s long-term strategy, which focuses on acquiring undervalued projects, improving efficiency, and carefully expanding into new markets.
As CEO Henrijs Jansons explains, “Our growth is built on these three foundations. One, we acquire distressed projects to unlock hidden value; secondly, we make efficiency-driven investments to improve each object’s profitability, and third, we approach new markets carefully, step by step, while building a strong reputation there.”
Latvia is currently the backbone of the company’s operations. Ventus Energy acquired two fully operational powerhouses — Jugla and Dambis — which today position the company as the largest private producer of heat and electricity in Riga.
Equally important, 2024 also marked the launch of the first infrastructure project fully built by Ventus Energy – BESS solar parks near Jelgava. This project demonstrates the company’s approach to combining renewable generation with storage, enabling participation in grid balancing services and enhancing the resilience of its portfolio.
Commenting on the mindset behind such investments, Henrijs Jansons notes: “Innovative and modern technological solutions are increasingly being applied in the energy sector to boost production capacity and profitability. This is also our approach — to build or acquire and then modernise plants and energy assets using solutions that are well-established globally but still rarely applied here at home. A good example is the Powerhouse Jugla upgrade project (with electrode boiler and hot water storage tank), where modernisation will increase the facility’s value from €17.65 million at acquisition to €28.9 million after upgrades.”
Expansion into the Baltics
Ventus Energy’s ambition has always been to operate on a global scale. The first step beyond Latvia was taken in Lithuania, where the company acquired two wind parks, including plans for BESS integration. (By the time of writing this article, Ventus Energy is completing the acquisition of its first project in Estonia.)
The Lithuanian market has particular strategic importance. As Jansons emphasises, “Lithuania’s energy sector is very dynamic and has the largest energy production capacities among the Baltic States. We see great potential there. Our first acquisition was a relatively small wind park. It was done with the purpose of gaining a better understanding of the local market specifics. At the same time, we wanted to establish our first relationships in a new environment. We carried out the transaction quickly and transparently, which in turn opened some doors for further projects and potential partnerships. As a result, now we already have a second wind park object almost acquired in Lithuania.”
The fuel for growth
Behind every fast-growing company is a strong financial foundation — and for Ventus Energy, its funding model has been key to turning ambition into action. By combining the stability of senior lenders with the flexibility of mezzanine investors, the company has built a structure that fuels both growth and innovation.
In just one year, Ventus Energy attracted over €50 million in funding across its projects, supported by a community of around 4,000 investors from across Europe. Through the platform at www.ventus.energy, mezzanine investors can take part in shaping the renewable energy landscape while earning annual yields of up to 16–17%.
This balance — pairing competitively priced senior loans with high-yield mezzanine opportunities — allows Ventus to keep its cost of capital efficient while rewarding its investors generously. It’s a model built not just for financial performance, but for shared success between the company and its growing community of forward-thinking investors.
What to expect in the upcoming years?
Ventus Energy enters its second year with a clear focus on strengthening financial structures, expanding its portfolio, and consolidating its role as a leading private energy producer in the region. Five directions define the near-term agenda:
1. Refinancing part of mezzanine loans.
With several projects already fully operational or approaching that stage, the company has initiated the process of refinancing. This will allow Ventus Energy to align the average cost of capital with project returns and long-term business plans. Negotiations are currently under way with potential lenders, including banks.
2. Expanding into new regions.
While Latvia remains the core market, its size places natural limits on growth. To balance this out, Ventus Energy is steadily expanding into other Baltic markets. The first acquisitions in Lithuania and Estonia have been completed or are currently in progress, and the company plans to launch a pilot project in an additional market within the coming year.
3. Strengthening operations in Riga.
Ventus Energy is already the largest private producer of heat and electricity in Riga, operating Powerhouse Jugla and Powerhouse Dambis. In the second year, this position will be further reinforced by the launch of Powerhouse Atlasa Stage 1 and Powerhouse Krustpils.
4. Expanding across Latvia.
Beyond Riga, the company sees strong potential in acquiring additional powerhouses and improving their efficiency, including through BESS integration and participation in grid balancing services. Ventus Energy also aims to acquire solar parks at attractive valuations and bring them up to modern standards.
5. Group’s financial stability.
Stable monthly cash flow remains one of the Group’s priorities. The mix of fully operational projects — including Jugla, Dambis, the BESS solar parks near Jelgava, wind parks in Lithuania, Atlasa, and Krustpils — provides the basis for reaching around €1 million in monthly EBITDA. This will support both the fulfillment of existing obligations and the financing of new development projects.
Ventus Energy’s first year proved that with solid preparation and a focused strategy, big results can come fast. Now in its second year, the company is already moving forward with new initiatives — including projects in the Heat & Mining sector — and plans to expand both existing operations and new developments.
“While we follow our strategic guidelines and long-term plans, one of our strengths is the ability to stay open to the market and what is happening around us. We keep our eyes and ears open, ready to assess and react quickly when new opportunities arise in the energy sector. This quality will remain central to how we operate in the coming years and beyond,” concludes CEO Henrijs Jansons.
