Vena Group Secures New Offtake Agreements　Accelerates Construction　Expands Green Fund Partnerships Across the Asia-Pacific

Vena Global Group Pte Ltd ("Vena Group") announced today it has secured 1.1 GW of additional offtake contracts and construction capacity year-to-date in 2025, expanding Vena Group's total operating, construction, and contracted (OCC) portfolio to 9.7 GW. The OCC portfolio spans Vena Group's four geographical regions: 2.4 GW in Japan, 2.4 GW in North Asia-Pacific (including South Korea, Taiwan, and Australia), 3.8 GW in Southeast Asia (including the Philippines, Singapore, Malaysia, Indonesia, and Thailand), and 1.1 GW in India.

Vena Group also unveiled plans to accelerate its construction programme, with 2.4 GW of additional projects scheduled to commence this year, adding to the 1.2 GW already under construction and bringing the total construction portfolio to approximately 3.6 GW. This represents an increase of nearly four times the average of the past three years, marking Vena Group's largest construction programme since inception.

To support this accelerated growth, Vena Group also announced the intended expansion of its Green Fund partnerships, increasing both its size and geographic reach across Japan, North Asia-Pacific, and Southeast Asia, where selected outright asset rotations will also be considered.

Originally launched in 2019, the Green Fund platform began with the formation of Hikari LPS, a partnership between NRE GP (a wholly owned subsidiary of Vena Group) and a group of institutional investors. Through Hikari LPS, Vena Group partially divested economic interests in a portfolio of five Japanese solar projects for a total consideration of JPY 35 billion (approximately USD 320 million at the time), while retaining long-term equity ownership and full operational control.

Since then, Vena Group has launched additional Green Fund partnerships to provide institutional investors with structured access to high-performing renewable assets developed, constructed, and operated by Vena Energy, our renewable energy arm.

In India, where institutional structuring options remain limited, Vena Group will explore alternative strategic options in light of the prevailing market dynamics.

Earlier this year, Vena Group also formally launched its green digital infrastructure platform, Vena Nexus, which has grown its development pipeline of integrated power and AI-ready data centre projects to 3 GW IT 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, CEO of Vena Group. "Our growth plan reflects a deep commitment to sustainability, innovation, and long-term impact."

"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, CIO of Vena Group and Global Head of Vena Nexus. "As we grow existing partnerships with institutional investors and build new ones across Japan, North Asia-Pacific, and Southeast Asia, we expect to enhance our ability to fund our accelerated construction programme, continue expanding across the region, and return capital to investors."