NORTHUMBERLAND based offshore engineering company Osbit has joined a new offshore wind group which could invest £250m by mid-2022.

Osbit, which already employs over 120 people across its Port of Blyth and Riding Mill sites, is now a founding Member Company in Venterra Group.

The acquisition by Venterra Group is set to supercharge the company’s already considerable presence in the global offshore wind technology market. Osbit is now launching an accelerated growth campaign to significantly expand its workforce in North East England, with a range of highly skilled positions.

Venterra Group, which is UK-based, is a new offshore wind energy business focused on helping the world’s energy transition through wind power. The group is formed by industry experts and aims to become a leading offshore renewables energy services champion. Osbit joins as one of three initial Member Companies selected for offering best-in-class services and substantial growth capability.

By 2030, renewables are expected to provide 90% of the growth in global electricity demand, with global offshore wind capacity set to increase seven-fold from 33 GW in 2020 to around 250 GW.

The group’s primary focus is to become a large-scale services player and accelerate the journey to net zero.



Keep up to date with all the latest news on our website, or follow us on Facebook, Twitter and Instagram.

You can also follow our dedicated County Durham Facebook page for all the latest in the area by clicking here.

For all the top news updates from right across the region straight to your inbox, sign up to our newsletter here.

Have you got a story for us? Contact our newsdesk on or contact 01325 505054