Vena Group expands RE footprint in Asia-Pacific

Singapore-based power company Vena Global Group Pte Ltd is expanding its renewable energy portfolio in Asia-Pacific with additional contracts secured this year.

In a news release, Vena Group said it bagged 1.1 gigawatts (GW) of additional offtake contracts and construction capacity year-to-date in 2025, boosting its construction and contracted (OCC) portfolio to 9.7 GW. 

The company’s OCC portfolio spans four geographical regions—2.4 GW in Japan, 2.4 GW in North Asia-Pacific (including South Korea, Taiwan, and Australia), 3.8 GW in Southeast Asia (including the Philippines, Singapore, Malaysia, Indonesia, and Thailand), and 1.1 GW in India.

Vena Group also announced plans to accelerate its construction program, with 2.4 GW of additional projects scheduled to commence this year, adding to the 1.2 GW already under construction and bringing the total construction portfolio to approximately 3.6 GW. 

This represents an increase of nearly four times the average of the past three years, marking Vena Group’s largest construction program since inception, according to the power company.

To support this accelerated growth, Vena Group said it also intends to expand its Green Fund partnerships, increasing both its size and geographic reach across Japan, North Asia-Pacific, and Southeast Asia, where selected outright asset rotations will also be considered.

Originally launched in 2019, the Green Fund platform began with the formation of Hikari LPS, a partnership between NRE GP (a wholly owned subsidiary of Vena Group) and a group of institutional investors. 

Through Hikari LPS, Vena Group partially divested economic interests in a portfolio of five Japanese solar projects for a total consideration of JP ¥35 billion (approximately $320 million at the time), while retaining long-term equity ownership and full operational control.

Since then, Vena Group said it has launched additional Green Fund partnerships to provide institutional investors with structured access to high-performing renewable assets developed, constructed, and operated by Vena Energy, our renewable energy arm.

In India, where institutional structuring options remain limited, Vena Group said it would explore alternative strategic options in light of the prevailing market dynamics.

Earlier this year, the company formally launched its green digital infrastructure platform, Vena Nexus, which has grown its development pipeline of integrated power and AI-ready data center projects to 3 GW IT across Japan and Southeast Asia.

“We are excited to accelerate the growth of our green energy portfolio and contribute meaningfully to Asia’s energy independence, growth, and decarbonization,” said Nitin Apte, CEO of Vena Group. “Our growth plan reflects a deep commitment to sustainability, innovation, and long-term impact.”

“We launched our Green Fund partnerships in 2019, starting in Japan. We are now planning to expand it in both quantum and geographic reach,” said Simone Grasso, CIO of Vena Group and Global Head of Vena Nexus. –VBL, GMA Integrated News