Vena Energy

What Vena Energy does

Vena Energy is a Singapore-headquartered Independent Power Producer and integrated pure-renewable energy company operating across the Asia-Pacific region. Founded in 2012 and owned by US-based Global Infrastructure Partners (GIP), Vena develops, builds, owns, and operates utility-scale solar, wind, battery energy storage systems (BESS), and hybrid projects in Australia, the Philippines, Malaysia, Indonesia, and Singapore. Its customer base is segmented across government and state-owned utilities (which use long-term PPAs for clean energy procurement) and commercial & industrial consumers seeking renewable solutions for decarbonization and operational sustainability. In 2025–2026 Vena achieved several firsts — including the Philippines' first full international project financing for renewables (Opus 300 MWp, Dec 2025), a AU$200M BESS revenue-share partnership with InCommodities (Bellambi Heights, 204 MW / 510 MWh), and a 4 GWh battery supply agreement with CATL for an Indonesia–Singapore project.

In June 2026 GIP divested Vena Energy India, a 6 GW portfolio, to Inox Clean Energy for approximately ₹6,000 crore (≈US$640M), recycling capital into higher-priority APAC markets. The company's most strategically significant move is the launch of Vena Nexus, a wholly-owned subsidiary building green, AI-ready hyperscale data centers — beginning with the Nexus Yang campus in Negeri Sembilan, Malaysia (157 acres, ~350 MW initial IT load, MYR 20B long-term capex). Revenue mechanics are PPA-based and project-finance-driven: Vena monetizes energy output and storage capacity through long-dated offtake contracts (utilities, C&I offtakers, and increasingly hyperscalers via Vena Nexus) and uses syndicated project debt from major international banks (BNP Paribas, Credit Agricole CIB, DBS, ING, Mizuho, MUFG, OCBC, SMBC, etc.) to fund construction. Pricing is quote-based and not publicly disclosed. CEO Nitin Apte leads the company.

Name

Vena Energy

Legal name

Vena Energy

Website

https://venaenergy.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Vena Energy is a Singapore-based Independent Power Producer owned by Global Infrastructure Partners, developing and operating utility-scale solar, wind, battery storage, and green data center assets across Asia-Pacific for government utilities and commercial/industrial offtakers.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Electric Power Generation (22111), Solar Electric Power Generation (221114), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Electric Services (4911)

akta.pro primary industry

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

akta.pro secondary industries

Renewable Energy Infrastructure (FSAAAKAG), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)

Keywords

• Renewable energy generation
• Solar power projects
• Battery energy storage
• Independent power producer
• Wind energy development

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Technology or R&D, Personnel, Marketing or Sales

Core offering

Vena Energy develops, owns, and operates utility-scale renewable energy projects — including ground-mounted solar PV, wind farms, and battery energy storage systems (BESS) — across the Asia-Pacific region, supplying electricity under long-term power purchase agreements to utilities and large commercial & industrial customers. Through its subsidiary Vena Nexus, it is extending this capability into green, AI-ready hyperscale data centers that pair renewable generation directly with large digital infrastructure loads.

Product overview

Vena Energy is a renewable energy development company owned by Global Infrastructure Partners, operating across Australia, the Philippines, and previously India. The company develops solar energy projects, battery energy storage systems (BESS), and has expanded into green data center infrastructure through its Vena Nexus platform. Its BESS projects (Tailem Bend 3, Bellambi Heights) and solar projects (Opus, Currimao, Pasuquin) form its core renewable energy offerings, while Vena Nexus represents its entry into integrated renewable power solutions for data center operations.

Differentiator

Problem solved

Functional benefit

Brands

• Vena Nexus: Green AI-ready data center platform developing hyperscale facilities in Malaysia, with approximately 3 GW in development pipeline.

Products and services

• Battery Energy Storage Systems (BESS) Utility-scale battery energy storage systems that store renewable energy and provide grid stability services. Customers include state utilities and energy trading counterparties; example projects are the 204 MW/408 MWh Tailem Bend 3 BESS in South Australia (operations expected 2027) and the 204 MW/510 MWh Bellambi Heights Battery in New South Wales, Australia (AU$200 million revenue share with InCommodities).
• Solar Energy Projects Utility-scale, ground-mounted solar PV facilities supplying renewable electricity to off-takers under long-term agreements. Customers are state utilities and C&I buyers in Asia-Pacific; example projects are the 300 MWp Opus solar project in Ilocos Norte, Philippines, and the combined 380 MWp from Currimao (106 MWp) and Pasuquin (274 MWp) solar projects in Ilocos Norte, Philippines.
• Vena Nexus (Green AI-Ready Data Centers) Hyperscale, green, AI-ready data center platform under the Vena Nexus subsidiary, integrating renewable generation directly with digital infrastructure loads. Target customers are hyperscale cloud and AI operators in Southeast Asia; the platform has an initial ~350 MW IT load at the Nexus Yang campus in Negeri Sembilan, Malaysia, with ~3 GW in the development pipeline.

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core.

• InCommoditiescoreStrategic or Co-development PartnerSigned a long-term AU$200 million revenue share agreement for the 204MW/510MWh Bellambi Heights battery energy storage system in New South Wales, Australia. InCommodities assumes market risk and trading responsibilities while Vena Energy retains ownership and operational control. This is InCommodities' largest single asset commitment in Australia.
• e-Storage (Canadian Solar subsidiary)coreTechnology or IntegrationContracted to deliver a 204 MW/408 MWh battery energy storage system for the Tailem Bend 3 project in South Australia, with operations expected in 2027. e-Storage supplies SolBank 3.0 lithium-iron phosphate battery containers under a turnkey EPC contract with a five-year Long Term Service Agreement.
• CATLcoreTechnology or IntegrationCATL signed an agreement to supply 4 GWh of battery energy storage systems for a project linking Indonesia and Singapore. This order follows a previous shipment and supports CATL's expansion in Southeast Asia.

Recent moves7 records

Expansion highlights5 records

Direct peers

• Adani Green Energy: One of the largest renewable IPPs in Asia-Pacific, operating multi-GW utility-scale solar and wind portfolios across India and increasingly Southeast Asia. Directly comparable to Vena on technology, scale, customer base (government utilities + C&I PPAs), and IPP business model.
• Acen Corporation: Philippines-headquartered renewable IPP with significant operational and development capacity across APAC. Directly comparable as an APAC-focused, multi-geography solar and wind developer with similar government and corporate offtake structures.
• Inox Clean Energy: Acquired Vena Energy India (6 GW portfolio) for ~$640M in June 2026, establishing itself as a major APAC IPP with directly comparable operating assets and the same India market exposure Vena previously held.
• Tata Power Renewables: Indian utility-scale renewable IPP with multi-GW solar, wind, and hybrid portfolios. Directly comparable on technology mix, government/C&I PPA model, and large-scale project financing capability, primarily competing in the same Indian and emerging-APAC landscape.
• CGN New Energy Holdings: APAC-focused renewable IPP with operating wind, solar, and gas-fired assets across China and Southeast Asia. Comparable on multi-geography APAC development platform and IPP business model, with similar offtaker profiles.

Regional players

• First Gen Corporation: Philippines-based clean energy IPP with significant geothermal, hydro, solar, and natural gas assets. Operates in the same Philippine market as Vena's Opus, Currimao, and Pasuquin projects, competing for similar offtake structures.

Broad incumbents

• Sembcorp Industries: Singapore-headquartered energy and urban development conglomerate with significant renewables (solar, wind, BESS) and conventional generation. Comparable as a broader Singapore-based utility platform with overlapping APAC geographies, though less pure-play renewable than Vena.
• Engie SA: Global utility with substantial renewable generation across APAC, including Australia and Southeast Asia. Comparable as a major renewable IPP competing for large-scale tenders, though Engie operates as a diversified global player rather than a regional pure-play.
• EDP Renováveis (EDPR): Global renewable IPP with strong wind and growing solar footprint across APAC. Comparable as a multi-technology, multi-geography IPP with similar utility-scale project development and project finance profiles, though with a more wind-heavy mix.
• AES Corporation: Global IPP with major renewable generation assets including significant BESS operations. Comparable on the renewables-plus-storage business model and on the strategic angle of pairing generation with large-load customers (e.g., data centers).

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Vena Energy