Vena Group and Indonesia Investment Authority (INA), Indonesia’s sovereign wealth fund, have announced a strategic partnership to accelerate renewable energy development across Southeast Asia. Under the partnership, INA has invested in a 2.8 GW renewable energy portfolio comprising projects in Indonesia and the Philippines.

The portfolio includes operational, under-construction, contracted and development-stage solar and wind energy projects. The partnership brings together INA’s long-term investment approach and focus on sustainable infrastructure with Vena Group’s experience in renewable energy development, construction and operations across the Asia-Pacific region.

The investment represents an important step in expanding institutional participation in Southeast Asia’s renewable energy sector. It also supports Indonesia’s efforts to attract long-term investments into clean energy infrastructure while strengthening regional energy security and supporting the transition towards low-carbon electricity generation.

For Vena Group, the partnership marks another milestone in its strategy to expand institutional investment relationships across the Asia-Pacific region. It also strengthens the company’s broader Green Fund Partnership strategy, which aims to support its accelerated construction programme and continued regional expansion.

Vena Group announced plans in August 2025 to increase the scale and geographical reach of its Green Fund Partnerships across Japan, North Asia-Pacific and Southeast Asia. The platform was originally launched in Japan in 2019 to provide long-term institutional investors with opportunities to invest in renewable energy projects developed, constructed and operated by Vena Energy, the renewable energy arm of Vena Group.

Through this model, Vena Group enables institutional investors to participate in renewable energy infrastructure while retaining long-term ownership and operational involvement in its projects. The approach also allows the company to recycle capital into new development and growth opportunities.

For INA, the investment aligns with its focus on green energy, which is one of its priority investment sectors. The partnership is anchored in Indonesia through existing operational solar and wind assets, alongside additional development opportunities within the country.

INA aims to invest alongside experienced international and regional partners in infrastructure assets that can generate long-term, risk-adjusted returns while delivering economic and environmental benefits.

Nitin Apte, Chief Executive Officer of Vena Group, said the partnership would combine INA’s long-term investment perspective with Vena Group’s renewable energy capabilities. He highlighted Indonesia and the Philippines as important markets for the region’s energy transition, adding that the collaboration would help accelerate renewable infrastructure development, strengthen energy security and support economic growth and decarbonisation.

Simone Grasso, Chief Investment Officer of Vena Group and Global Head of Vena Nexus, also described the transaction as an important milestone in the company’s institutional partnership strategy.

The partnership is expected to support the expansion of renewable energy infrastructure across Indonesia and the Philippines while strengthening Vena Group’s investment platform and regional development activities.