Our Milestones

Vena Group announced the launch of Vena Nexus, a wholly-owned subsidiary dedicated to the development of AI-ready data centre infrastructure (“AI-DC”). As part of this initiative, Vena Group has transferred all related activities, personnel, and development pipeline for AI-DC solutions from Vena Energy, its renewable energy arm, to Vena Nexus.

• Awarded our first offshore offtake contract in South Korea for a 500 MW project
• Expanded into Malaysia, broadening our global footprint
• Received Conditional Approval from the Energy Market Authority of Singapore to export 400 MW of solar power from the Riau Islands, Indonesia, to Singapore
• Won 23 awards in ESG, HR, innovation, and individual achievements, solidifying our leadership in renewable energy

• Commissioned 5 solar & wind projects totaling 421 MW
• Contracted 1.2 GW of renewable energy across Southeast Asia, bringing Vena Energy’s OCC portfolio to 7.2 GW
• Awarded The Royal Society for the Prevention of Accidents Awards in Taiwan, Indonesia, and the Philippines for commitment to health & safety
• Awarded the APEX Green Leaf Award for Sustainability in India
• Recognised at the HR Tech Festival Award for Best Workplace Culture & Engagement
• Named “Best Companies to Work for in Asia 2023” by HR Asia in the Philippines and Indonesia for 3 consecutive years in the Philippines

• 19 GW of offshore wind pipeline reached with project advances made in Japan, South Korea, Taiwan, and Australia.
• Grant for green hydrogen project awarded by the Australian government.
• First green project bond raised in Japan with a global investment group.
• Taiwan’s largest solar project E2 awarded “Renewable Energy Deal of the Year” by Triple A Infrastructure Awards.
• VENUS program expanded to Japan in partnership with Tokyo University.
• Vena Energy Philippines named “Best Company to Work For in Asia 2022” by HR Asia for 2 consecutive years.

• Launched the VENUS program, the renewable energy industry’s first gender diversity-focused education sponsorship program for undergraduates with the Nanyang Technological University in Singapore.
• Signed a JPY 53 bn Sustainability-Linked Revolving Credit Facility and were rated top 1st percentile in the global utility industry by Sustainalytics.
• Surpassed 500 MW operating capacity in Japan and began commercial operation of our first wind project.

• First Singapore-headquartered company to issue a corporate USD green bond.
• Commenced construction on a 47 MW wind project in Japan.
• Signed a PPA for our first battery storage project in Queensland, Australia.
• Secured our first hybrid wind and solar project in India and won a tender to build Taiwan’s largest solar project in Yunlin County.
• Added the largest solar project in the Miyagi Prefecture in Japan to our construction portfolio.

• Obtained Investment Grade corporate rating.
• Fully commissioned five solar and wind projects in Indonesia totaling 114 MW.
• Commissioned five solar projects in Japan totaling 82 MW.
• Commissioned a 127 MW solar project in South Australia.
• Commissioned two solar projects in Taiwan totaling 80 MW, including Taiwan’s largest ground-mounted solar project.

• Acquired by Global Infrastructure Partners (GIP), CIC Capital Corporation (CIC Capital) and Public Sector Pension Investment Board (PSP Investments).
• Rebranded as Vena Energy and established a corporate platform in Singapore.
• Commenced the construction of the 127 MW Tailem Bend Solar Project in South Australia.
• Expanded into the South Korean market.

• Vena Energy’s first asset base originated in 2012 with investments into 10 solar projects in Thailand totaling 92 MW.
• In 2013, we expanded into Japan by investing in four solar assets totaling 48 MW, and into India with a 54 MW wind project.
• In the following year, we invested in a 30 MW solar project and 54 MW wind project in the Philippines.
• In 2015, we received our first successful bid for a 130 MW solar project in India, while expanding into Taiwan and Indonesia.
• In 2016, we commissioned the 132 MW Project Pollo, Southeast Asia’s largest single solar project. Additionally, we signed the first 60 MW wind power-purchase-agreement (PPA) in Indonesia and expanded into Australia.
• In the following year, we secured a tender to develop Taiwan’s largest solar project at that time, the 70 MW Mingus Solar Project.