INA has invested in Vena Group's solar and wind portfolio across Indonesia and the Philippines
The portfolio includes operational, under-construction, contracted and development-stage projects
It supports Vena Group's Green Fund strategy, says the company as it plans to accelerate renewable energy project development across Asia-Pacific
Indonesia Investment Authority (INA), the country’s sovereign wealth fund, has partnered with Singapore-based Vena Group to invest in the latter’s 2.8 GW renewable energy portfolio. This capacity spans Indonesia and the Philippines.
Under the partnership, the duo will cover solar and wind projects at different stages of development, including operational, under-construction, contracted, and development-stage assets.
INA says this partnership aligns with its investment priorities in the green energy sector and long-term investment mandate.
The portfolio includes operating solar and wind assets in Indonesia, along with a pipeline of further development opportunities in the country.
The investment is also part of Vena Group’s broader Green Fund Partnership strategy, which aims to bring institutional investors into selected renewable energy portfolios. It aims to expand the fund’s geographic scale and reach across various markets in North Asia-Pacific, Southeast Asia, and Japan. The company is backed by Global Infrastructure Partners (GIP), among others.
Vena said the platform allows its renewable energy arm, Vena Energy, to retain long-term ownership and operational involvement while rotating capital into new projects and accelerating its construction program.
Calling Indonesia and the Philippines important markets for the region’s energy transition, Vena Group CEO Nitin Apte said the partnership would support the delivery of renewable energy infrastructure, strengthen energy security, and advance decarbonization across Southeast Asia.
INA CEO Oki Ramadhana said the partnership combines participation in a diversified regional renewable energy platform with operating assets and future investment opportunities in Indonesia. Ramadhana added that the partnership may expand beyond Indonesia to the wider Southeast Asian market.
In June 2026, Vena Energy offloaded its India business, Vena India, to Inox Clean Energy Limited (see Inox Acquires Vena India, Expands Pipeline Beyond 12 GW).