Posted by On May 13, Ventus Energy has sent an email to its German investors. The message: The company was in a “constructive dialogue” with German regulatory stakeholders and needed to adjust its loan agreements, which is why new deposits from Germany had to be temporarily paused. What was not mentioned in the email: BaFin had already issued a formal order on May 5, 2026, requiring Ventus to immediately repay all funds accepted from investors.
The allegation: Ventus Energy Group OÜ accepted funds from German investors through loan agreements that carry an unconditional repayment obligation, without that claim being secured in bearer or order bonds. Under German banking law (§ 1 KWG), this constitutes deposit-taking business, which would require a BaFin licence that Ventus does not hold. The order is immediately enforceable, although it is not yet final. Meaning Ventus may still take legal action against the decision.
In response, Ventus issued a second statement that acknowledged the BaFin order, but framing the issue as a mere “wording problem” with their contracts. The company stated that it never intended to operate as a bank, that the contracts have been revised, and that talks with BaFin are ongoing. As for repayment, Ventus says it is currently exploring asset sales, refinancing, and the search for equity investors.