From left to right: Nitin Apte, CEO of Vena Group; Tae-heum Kim, Governor of Chungcheongnam-do; Se-ro Ga, Mayor of Taean-gun
[South Korea; 6 March 2026] — Vena Group, a leading green solutions provider accelerating the energy and digital infrastructure transition across Asia-Pacific, today signed a KRW 1 trillion Memorandum of Understanding (MoU) with Chungcheongnam-do (Chungnam) and Taean-gun to develop utility-scale green energy projects in the province, with a focus on Taean-gun.
The signing ceremony, held on 6 March at Swissôtel The Stamford in Singapore, was attended by Nitin Apte, CEO of Vena Group; Daniel Astbury, Global Head of Offshore Wind; Kwangjin Cheong, Head of Korea at Vena Group; Tae-heum Kim, Governor of Chungcheongnam-do; and Se-ro Ga, Mayor of Taean-gun, alongside senior government and company representatives.
From left to right: Kwangjin Cheong, Head of Korea at Vena Group; Daniel Astbury, Global Head, Offshore Wind, Vena Energy; Nitin Apte, CEO of Vena Group; Tae-heum Kim, Governor of Chungcheongnam-do; Se-ro Ga, Mayor of Taean-gun; Joo-young Yoon, Director General for Investment and Trade Policy; Gi-man Kim, Director, Future Energy Division, 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 is expected to strengthen Korea’s clean energy supply chain and support the province’s transition toward carbon neutrality.
Chungcheongnam-do and Taean-gun will provide administrative support, including permitting and regulatory facilitation in accordance with applicable laws.
Once operational, the projects are expected to generate more than 1.6 TWh of clean electricity annually, avoiding approximately 740,000 tons of greenhouse gas emissions each year by displacing fossil fuel-based power generation.
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.
“This MoU reaffirms South Korea’s strategic importance as one of our core markets. Through close collaboration with Chungcheongnam-do and Taean-gun, we are committed to strengthening Korea’s energy security, expanding domestic clean power capacity and contributing to resilient, low-carbon growth.”
“Our ambition extends beyond expanding green energy capacity. We aim to grow alongside local communities as a responsible long-term partner. By working closely with Chungcheongnam-do and Taean-gun, we look forward to building a sustainable future where environmental progress and economic opportunity advance together.”
“This landmark investment aligns Taean’s natural advantages and industrial capabilities with Vena Group’s advanced technological expertise. Chungnam will provide comprehensive administrative and financial support to ensure the successful implementation of these projects and to advance Korea’s carbon neutrality goals.”