PROVIDENCE – A London-based offshore wind conglomerate is the latest wind-related company to set up shop in the Cambridge Innovation Center Providence, joining about 20 other industry businesses operating out of the Jewelry District building.
Venterra Group Plc. on Tuesday announced the formal opening of its new Providence offices, which will serve as its primary East Coast hub for the wind services of its eight member companies. Though based in the UK, Venterra made its foray into the U.S. earlier this year, buying Newport-based seafloor mapping company INSPIRE Environmental in July.
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The company did not immediately respond to questions about how many employees will work out of the CIC building, or how its new office relates to hiring plans in Rhode Island.
The acquisition of INSPIRE brought 25 Rhode Island employees under the company’s helm, though it plans to continue hiring, targeting 35 to 40 workers in Rhode Island by the second quarter of next year, The Boston Globe reported.
Venterra joins a growing roster of local, national and international wind-related companies that have opened their own offices in the CIC building, including Danish offshore wind giant Orsted A/S. State officials and industry leaders have routinely touted Rhode Island as a leader in the burgeoning offshore wind industry, starting with the first-in-the-nation offshore wind farm off Block Island and continuing to expand thanks to Orsted’s joint development of several East Coast wind farms, as well as upgrades to ports in Providence and Quonset.
“We are excited to have an established base in Rhode Island, a dynamic and strategic center of industry expertise in this fast growing market,” Venterra’s CEO Rob Jewkes said in a statement. “There is a great opportunity to help build a U.S. supply chain with strong local content and jobs in renewable energy that help meet urgent demand for clean power.
Venterra’s member companies work on all aspects of offshore wind development including engineering, building, and acquisition and investment, signing deals with more than 275 projects worldwide for “blue chip clients” including Orsted and Massachusetts wind developer Mayflower Wind. It has 14 offices across nine countries and more than 450 employees worldwide, according to its website.
Nancy Lavin is a PBN staff writer. Contact her at Lavin@PBN.com.
