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Ventus Energy recently unveiled its five long-term strategic growth directions, marking a new chapter in its expansion. These directions - Heat & Electricity, Solar & BESS, BESS Standalone, Wind & BESS, and Heat & Mining - reflect a diversified approach to renewable and green energy development.
Ventus has established a specialised company under the Group umbrella to drive progress in each area, ensuring that a focused team of experts with deep sector knowledge leads every direction. This structure will enable agility and depth in project development, positioning the Group for scalable, sustainable growth across multiple energy domains.
Wind & BESS is one of the newest directions. In May 2025, the first wind park projects became available for funding, marking a milestone in the Group's evolution.
Why Wind?
Wind energy is a natural addition to Ventus Energy’s growth strategy. It complements the Group’s renewable portfolio while offering geographical and technological diversification.
“Our team has analysed opportunities across the Baltic region, concluding that Lithuania offers the most attractive conditions for wind park development,” highlights Henrijs Jansons, Ventus Energy Group CEO and co-founder.
Let’s take a quick look at the regional comparison:
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Lithuania leads in installed capacity and generation and shows the most dynamic growth, adding 513 MW of new wind capacity in 2024 alone. The regulatory framework is evolving rapidly to support even more growth, including offshore wind development and liberalised electricity markets.
In contrast, Latvia has limited wind development due to slower permitting processes and public resistance to large-scale projects. Installed capacity remains below 150 MW.
While slightly ahead of Latvia, Estonia is still far behind Lithuania and primarily focuses on solar and oil-shale phase-out. Airspace restrictions and military radar interference constrain wind development.
Why Lithuania?
- Geography: Western Lithuania offers wind speeds of 6.5–8.5 m/s, ideal for consistent energy generation.
- Flat terrain: Keeps infrastructure and installation costs lower.
- Policy support: Recent reforms like the Breakthrough Package II („Proveržio paketas II“) streamline permitting and extend licenses.
- Energy security goals: Lithuania aggressively targets 100% renewables by 2030 and energy independence by 2028.
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Step-by-Step approach: first wind park projects
“As we enter the wind market, we start with manageable, small-scale assets to build our experience and optimise returns. Our first acquisition targets a fully operational wind parks in Lithuania, consisting of six turbines across three sites, with a combined capacity of 2.45 MW. These assets come with all required permits, infrastructure, grid connections, and active commercial agreements and maintenance contracts,” comments Janis Timma, Ventus Energy Group co-founder and Chief Development Officer.
The first sites in Lithuania are located at:
- Tūjainiai, Šilalė District
- Lenkimai, Skuodas District
- Didžioji Paluknė, Skuodas District
This hands-on approach will allow Ventus Energy to monitor performance closely, refine the operational model, and prepare for scaling. Over time, Ventus Energy plans to gradually expand its presence in the wind energy sector by acquiring wind parks with larger generation capacities. This will enable the company to strengthen its position in the Baltic renewable energy market and contribute more significantly to regional energy independence.
Strategic upgrade with BESS
One of the key profitability challenges for wind parks is the relatively low capacity factor—a measure of how efficiently a wind turbine operates relative to its maximum potential—and the volatility of electricity market prices. Integrating Battery Energy Storage Systems (BESS) into wind parks is a logical and forward-looking step to address these issues.
Retrofitting wind parks with BESS unlocks significant revenue potential by enabling more intelligent energy management. Based on Vetus Energy experts’ projections, effective integration of BESS can increase usable output by approximately 35%, as stored energy can be dispatched during periods of high demand or price peaks. In financial terms, this can nearly double overall revenue.
In the wind sector, BESS enables:
- Energy arbitrage: store excess wind power when prices are low, sell when high
- Revenue stabilisation: reduce volatility tied to spot market prices
- Ancillary services: frequency regulation and grid balancing
- Regulatory alignment: meet firm delivery and capacity remuneration requirements
This hybrid model enhances the asset's current value and future-proofs it for evolving energy market demands.
Diversified strategy, balanced risk
Each of Ventus Energy's five development areas has its strengths and challenges. Flagship heat and electricity plants like Jugla, Dambis, and Atlasa are and will deliver reliable profits and act as the Group’s “cash cows.” However, they are constrained by local grid capacity and municipal demand.
In contrast, solar and wind parks with BESS offer greater geographical scalability and can be developed almost limitlessly across Europe in the following decades. At the same time, weather dependence and lower per-unit profitability are real concerns.
“Therefore, our strategy is to be actively involved in these energy production sectors, ensuring we are both actively engaged and prepared for various energy market development scenarios, while also diversifying business risks and, consequently, the risks for our lenders,” continues Henrijs Jansons
A dedicated structure for sustainable growth
As the energy market continues to evolve, Ventus Energy Group is adapting its organisational structure to ensure stable, scalable, and efficient performance across all five strategic directions. Each area - Heat & Electricity, Solar & BESS, BESS Standalone, Wind & BESS, and Heat & Mining - will be driven by a dedicated legal entity and expert team within the Group. This structure enables Ventus to remain agile and focused while staying aligned with long-term energy market trends and opportunities.
Sources:
[¹] Litgrid (Lithuanian transmission system operator), 2024 Wind Statistics
[²] Elering AS (Estonian TSO), Renewable Energy Report 2024
[³] Latvenergo, Latvian Wind Energy Association, Annual Energy Report 2024