Ventus Energy Group report 2024/2025 H1

May 13, 2025

The first eight months of Ventus Energy’s operations have shown impressive results.

During this time, we’ve achieved several key milestones. We surpassed €30 million in total funding raised, completed our first fully self-built energy project - the BESS Park - and acquired two fully operational biomass and natural gas powerhouses. These initiatives have provided the Group with financial stability and a strong foundation for continued growth.

In parallel, we have improved our funding platform, giving lenders even more convenient and accessible ways to fund energy projects and earn returns. This report explains all these developments.

The following eight months - and beyond - promise to be equally dynamic, with many exciting projects on the horizon. In addition to those already underway, our growth pipeline includes ten projects within Ventus Energy’s five strategic development areas: Heat & Electricity, Solar & BESS, BESS Standalone, Wind, and Heat & Mining.

I would like to thank the Ventus Energy team and our dedicated lender community for your trust and engagement. Only a united and driven team, fueled by positive energy, can deliver truly innovative and impactful solutions in any business.

 

Henrijs Jansons, CEO, Ventus Energy Group

PROJECT AND PLATFORM STATISTICS

Since September 2024, we have launched 9 energy infrastructure projects - more than initially planned - attracting over 2,000 active mezzanine loan lenders with a total portfolio of €23 million.

Three of the projects - Powerhouse Jugla, Powerhouse Dambis, and Solar Park Valmiera - also have Senior lenders involved.

3 out of the 9 current projects are already fully operational. When selecting and adding new projects to Group’s portfolio, we always aim to maintain a healthy balance between development-stage and operational projects.

PLATFORM FEATURES AND FUNCTIONALITIES

Here’s a brief overview of the new features we’ve already introduced and the challenges they’ve helped solve for our lenders.

In November 2024, we introduced the Invite & Earn feature, designed to reward our clients who help expand the Ventus Energy community. With the new Invite&Earn program, lenders are earning extra (1% each - inviter and invitee) by inviting friends and energy project supporters.

As of April 1 2025, the Early Exit feature became active for several Ventus Energy projects. This feature allows lenders to request early repayment of their loans, either partially or in full, providing greater capital liquidity and flexibility.

In April, 10% of lenders took advantage of this option, withdrawing €1,460,348. All requests were successfully processed, and the funds have been transferred to the respective bank accounts.

Starting January 2025, not only individual lenders but also companies are welcome to register and participate in energy sector projects funding! Currently, there are 12 companies registered as lenders in Ventus Energy.

February 24, 2025 was significant as we launched a real-time Statistics section for Ventus Energy Group. As on Statistics page it is possible to find information about Group’s production (electricity and heat) results as well as project funding, it is one of the most detailed statistics in P2P industry.

As more energy infrastructure projects now have an active Early Exit feature, from April, we've introduced a project sorting function to help our clients better navigate the available options. Currently, it's possible to sort projects by the following categories: NEW projects, AVAILABLE for funding, FUNDED projects, and ALL projects. This makes it easy for clients to find current funding opportunities and view the full Ventus Energy project portfolio.

We plan to improve the project sorting feature further. At the same time, we aim to keep the platform simple and user-friendly, avoiding unnecessary or overly complex features.

 

UPCOMING FEATURES

As the number of active users continues to grow (currently over 2,200 lenders), including 35 members of our Founders Reward Club (with funding portfolios over €100,000), we are actively looking for ways to reward the initiatives of our loyal and long-term clients. One of the most effective approaches we've chosen is to create a Loyalty Program.

The Loyalty Program will be inclusive and open to lenders with portfolios of any size. Through this program, our clients will have the opportunity to earn additional returns of up to 1% p.a., depending on their funding amount.

We aim to launch the Loyalty program within the next 2 months.

One of the upcoming features we plan to introduce is Auto Withdrawal. Since Ventus Energy operates in the passive income industry, our goal is to offer clients a truly passive income experience. This means not only making it easy to fund projects with minimal time and effort, but also allowing clients to receive income directly into their bank accounts.

The Auto Withdrawal feature will let users set up automatic monthly transfers. On a chosen date each month, the platform will transfer a specific amount - based on that month’s earned interest - straight to the lender’s bank account.

Some of our clients already do this manually every month. So why not automate the process and enjoy truly passive income with Auto Withdrawal?

 

VENTUS ENERGY TEAM AND GROUP STRUCTURE

Ventus Energy is expanding its professional team and expertise. As the number of completed and ongoing projects continues to grow, the Group's structure has been updated to align with all initiatives and business directions.

The Group’s structure now includes five companies, each aligned with a specific type of energy infrastructure projects - Heat & Electricity, Solar & BESS, and so on. Each entity manages and develops projects within its respective focus areas.

Since the launch of active operations, the team of energy sector professionals has grown significantly. We've also strengthened the team that ensures high-quality project funding services on a daily basis.

Following the completion of the Powerhouse Jugla and Powerhouse Dambis acquisitions, 16 professionals have joined the Ventus Energy Group team (10 from PH Jugla and 6 from PH Dambis).

In addition, our expertise in solar parks and BESS (Battery Energy Storage System) projects has been enhanced by bringing on two experienced industry experts. Igor Sakulin joins as solar and BESS engineering expert.

To maintain a high standard in funding services, we’ve also reinforced our AML (Anti-Money Laundering) capabilities. In April, Anna Berezovska joined Ventus Energy as Head of AML and Compliance. She brings over 10 years of experience in the industry, including roles at P2P platforms like Debitum Investments and Nectaro.

In the same month, Rūta Sardiko took on the role of Head of Accountancy for the Group. Rūta brings extensive experience in accounting, both in the financial sector (Debitum Investments) and in managing companies' accounting from other industries.

 

CURRENT PROJECT UPDATES

Powerhouse Dambis

The acquisition of Powerhouse Dambis is progressing as planned and the official ribbon cutting ceremony took place in early May.

Powerhouse Dambis is a fully operational power plant with a capacity of 15 MW that has been active in the Latvian energy market since 2018 and consistently generates stable annual profits. The total acquisition value is €6.36 million, with a senior lender co-financing 50%

 

Powerhouse Jugla

Powerhouse Jugla is the first fully operational project acquired by Ventus Energy. During the heating season, it delivered strong performance, achieving a monthly EBITDA ranging from €357,462 to €489,547. Upon completion of the electrode boiler and hot storage tank installation, a certified valuation increases the value of the Powerhouse from €17.65 million to €28.9 million.

 

Powerhouse Atlasa

Since January 2025, the Powerhouse Atlasa project has been in the active development phase. During this time, Stage 1 has been successfully funded, raising €4.2 million, and Stage 2 funding has now started (it includes the development of additional infrastructure, construction of a 10 MW electrode boiler, and installation of a 5,000 m³ hot water storage tank).

Work on Stage 1 is progressing according to the planned timeline. Currently, efforts are focused on powerhouse equipment production, technical project design, and continuing the land acquisition process. As the next steps, construction and infrastructure development works are planned on site.

 

Powerhouse Daugavpils

We continue work toward the acquisition. Although there have been delays compared to the original timeline, particularly in completing the documentation and hence ownership transfer process, 72-hour testing is planned for May. We will continue to provide updates as the process progresses.

Solar Park in Kuldiga

The second payment was made to the solar panel manufacturer in April. Given the current high demand for solar panels, the purchase agreement signed in December 2024 for panels and related equipment allows Ventus Energy to achieve a 35% cost savings in the solar panels compared to current market prices.

In addition, Ventus Energy has launched the funding process for Stage 2 of the park, offering a lending opportunity to finance the development and construction of a 2.42 MW / 4.73 MWh Battery Energy Storage System (BESS)

 

Operational Solar Park Valmiera Acquisition

In April 2025, Ventus Energy’s lenders financed the acquisition of 100% of the shares in a fully operational 2.66 MW solar power plant in the Valmiera district of Latvia. The plant was built and commissioned in 2024 and has been delivering electricity to the grid since then.

The first stage of the project - the acquisition - was financed through mezzanine debt, raised in a single round with a loan amount of €700,000. The solar park currently has an outstanding senior loan of €1,550,000, with a fixed interest rate of 2.9% per annum and a repayment term until 2037.

BESS Parks near Jelgava

The equipment required for constructing the Battery Energy Storage System (BESS) has been successfully delivered, and all construction work is complete. On April 25, 2025, Ventus Energy officially opened its first fully built infrastructure project – a BESS park near Jelgava. The BESS park is expected to begin operational activity during May.

 

NEW PROJECTS

Powerhouse Krustpils in Riga

The First Biomass boiler house in Latvia has received a permit from the Environmental authority to use RDF (waste) as fuel in combination with woodchips. The first stage is 2.5 MW and is planned to be commissioned by the end of 2025. The second stage will allow an increase in capacity to 6.5 MW.

 

Powerhouse Smiltene

Operational Biomass cogeneration powerplant (ORC technology) with electrical capacity 1.1 MW and heat capacity 10.5 MW that has monopoly rights to deliver heat to the end users in the city of Smiltene.

 

Powerhouse Aizkraukle

Operational Biomass cogeneration powerplant (ORC technology) with electrical capacity 1.8 MW and heat capacity 10.5 MW that is producing and delivering heat to the Aizkraukle district heating operator at a fixed price with a favourable long-term contract.

 

WIND Parks in Lithuania

We are in the process of acquiring operational 2.45 MW wind parks. This strategic investment in the new segment will ensure risk diversification.

 

BESS Jugla

Development project with a power of 8 MW/25 MWh standalone BESS project that will be integrated into the existing infrastructure (high-voltage 110 kV substation) in Powerhouse Jugla, significantly reducing the time of construction, minimising investment costs, and, therefore, reducing the payback period of the project.

 

Heat & Mining Jugla

Cleantech project that recycles the waste heat from hydro-cooled mining containers to provide zero-emission heating for the district heating network. Instead of releasing heat into the air, our system captures and delivers it as a valuable energy service, improving overall energy efficiency. We integrate such mobile mining units into existing energy production power plants with the necessary infrastructure. The system turns a traditionally wasteful process into a dual-revenue model with strong ESG credentials. This approach combines decentralised energy, digital infrastructure, and sustainability in one scalable, profitable solution.

Note: The projects mentioned in "New Projects" are in the development and analysis stages, and the assessment process is dynamic. Some projects may not be implemented or may be replaced by others with higher efficiency, better acquisition terms, or stronger performance potential.

 

The Ventus Energy Group's Report 2024/H12025 outlines our key future directions and initiatives as we continue to expand and innovate in the energy sector. Our goal is not only to grow sustainably, but also to ensure that our community of lenders, partners, and stakeholders remain fully informed and involved every step of the way.

Transparency will remain a core value in everything we do. We will continue to provide clear and regular updates through monthly reports, quarterly lender meetings, and daily communication in our Telegram chat. Additionally, we welcome anyone who wants “to dive even deeper” into our business to visit us at our office in Riga, Latvia — our doors are always open.

Together, we look forward to building a more sustainable, greener and more connected energy future.