Vena Global Group has secured 1100MW of additional off-take contracts, lifting its operating, construction and contracted portfolio to almost 10GW.
The Singapore-based company said the mainly PV portfolio includes 2.4GW in Japan, 2.4GW in North Asia-Pacific, 3.8GW in Southeast Asia, and 1.1GW in India.
Vena also plans to accelerate construction this year with 2.4GW of new projects set to break ground, adding to the 1.2GW already under construction and bringing the total to 3.6GW.
The company said this represents its largest ever construction programme, almost four times the average of the past three years.
To support the build-out, Vena intends to expand its Green Fund partnerships, increasing both size and geographic reach across Japan, North Asia-Pacific and Southeast Asia. The company added that selected outright asset rotations will also be considered.
Launched in 2019 with the formation of Hikari LPS in Japan, the Green Fund platform has since expanded to provide institutional investors with access to renewable energy assets developed, built and operated by Vena Energy.
In India, where institutional structuring options are more limited, Vena said it will explore alternative strategic approaches.
The company also highlighted growth in its green digital infrastructure platform, Vena Nexus, which has built a 3GW pipeline of AI-ready data centre projects across Japan and Southeast Asia.
Nitin Apte, chief executive of Vena, said: “We are excited to accelerate the growth of our green energy portfolio and contribute meaningfully to Asia’s energy independence, growth, and decarbonisation. Our growth plan reflects a deep commitment to sustainability, innovation, and long-term impact.”
Simone Grasso, chief investment officer of Vena and global head of Vena Nexus, added: “We launched our Green Fund partnerships in 2019, starting in Japan. We are now planning to expand it in both quantum and geographic reach. 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.”