Singapore-based Vena Global Group has secured an additional 1,100 megawatts (MW) of off-take contracts, lifting its total operating, construction, and contracted renewable energy portfolio to nearly 10 gigawatts (GW), the company said on Monday.
The energy developer, which operates across the Asia-Pacific region, said its primarily solar photovoltaic (PV) portfolio includes 2.4GW in Japan, 2.4GW in North Asia-Pacific, 3.8GW in Southeast Asia, and 1.1GW in India.
Vena plans to accelerate its construction activity in 2025, with 2.4GW of new projects scheduled to begin construction this year. This will add to the 1.2GW currently under construction, resulting in a total build-out of 3.6GW—marking the company’s largest construction programme to date.
“This represents our largest ever construction programme, almost four times the average of the past three years,” Vena said in a statement.
To support the increased build-out, Vena said it will expand its Green Fund partnerships, which were first launched in 2019 through the formation of Hikari LPS in Japan. The initiative gives institutional investors access to renewable energy assets developed and operated by Vena Energy.
“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, chief investment officer at Vena and global head of its green infrastructure platform, Vena Nexus.
The company said it would also consider selected outright asset rotations to further support the capital requirements of its growth strategy.
In India, where institutional investment structures remain limited, Vena said it will pursue alternative strategic approaches to advance its portfolio.
Separately, the company noted progress in its Vena Nexus platform, which focuses on green digital infrastructure. According to Vena, the platform has built a 3GW pipeline of AI-ready data centre projects 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 decarbonisation,” said Nitin Apte, chief executive of Vena. “Our growth plan reflects a deep commitment to sustainability, innovation, and long-term impact.”
