Venterra Group is set for growth following an increase in UK Export Finance (UKEF) backed funding from HSBC UK. HSBC UK has supported the company with a £30 million Performance Bond facility, which was part-guaranteed by UKEF.
The funding will allow Venterra to explore a greater volume of offshore wind energy projects by increasing cash flow to support advance payments and bonding requirements. Venterra is targeting growth in Northern Europe and Asia Pacific markets at a rate of around 20 percent per annum.
