Pay‑As‑Produced Solar

Pay-as-Produced

Vena Energy generates and delivers renewable energy through pay-as-produced contracts, supplying variable renewable power via government-backed schemes and corporate PPAs. Our diverse portfolio includes solar PV, onshore and offshore wind, and hybrid systems, harnessing clean energy without fuel consumption or waste discharge, accelerating the transition to a low-carbon economy.

Onshore Solar PV and Wind

Vena Energy has established itself as a major renewable energy company, with in- house technical expertise and a proven track record of successful project delivery in the onshore solar and wind business, including hybrid systems. As a licensed engineering, procurement, and construction (EPC) contractor, we maintain a full-service in-house team comprising civil, construction, procurement, and engineering specialists in key markets, allowing for greater control over project execution and delivery timelines. Our integrated operations extend to asset management, with a dedicated in-house operations and maintenance (O&M) team directly managing our operational solar PV and wind projects in select markets and overseeing third party contractors elsewhere. This approach enables us to optimise maintenance costs, enhance generation availability, and extend asset lifespans.

Did you know: Our 70.2 MW Mingus Solar Project in Taiwan is the first ground-based demonstration in of a solar project that co-exists in harmony with wildlife. Completed in July 2019, the Mingus Solar Project covers an area of 79.5 hectares of previously abandoned salt plains, with 24.1 hectares reserved for the Ecological Conservation Area and Mingus Education Centre for local and migratory wild birds, including the endangered Black-Faced Spoonbill. The Mingus Solar Project is capable of supplying up to 18,600 households with clean energy yearly, while reducing more than 64,000 tonnes of greenhouse gas emissions and saving up to 91 million litres of water annually.

Offshore Wind

Global interest in offshore wind continues to grow, supported by technological advances, scale efficiencies, and strong national decarbonization goals. In Asia, the offshore wind sector is still in its nascent stages but gaining momentum from government-backed subsidies and offtake agreements. Vena Energy is steadily progressing its 16.1 GW offshore wind pipeline across its target markets, with installed offshore wind capacity expected to expand from 3 GW in 2024 to 109 GW by 2040.

Did you know: Vena Group signed a KRW 1 trillion Memorandum of Understanding (MoU) with Chungcheongnam-do and Taean-gun to develop utility-scale green energy projects in the province, with a focus on Taean-gun. Under the MoU, Vena Group plans to invest approximately KRW 1 trillion by 2030 to advance large-scale green energy developments, including offshore wind. The investment reflects Vena Group’s long-term commitment to Korea’s energy transition and its confidence in the country’s decarbonisation roadmap, while contributing to sustainable economic growth in local communities.

Explore Other Solutions

Vena Energy

A major green solution provider in the Asia-Pacific region, accelerating the transition to sustainable and affordable renewable energy that delivers lasting environmental, social, and economic benefits to host communities and stakeholders.

Our Asset Portfolio

Discover our diversified portfolio across the Asia-Pacific region.

Our Capabilities

We are fully integrated across the entire renewable energy and infrastructure project lifecycle, from site identification and assessment, engineering and permitting, contracting and procurement, installation and commissioning to operations and maintenance.