Indonesia Investment Authority Participates in Singapore's Vena Group's 28 GW Wind and Solar Project Portfolio Investment

en.Wedoany.com Reported - On November 11, the Indonesia Investment Authority (INA) and Singapore's Vena Group announced the establishment of a strategic investment partnership, under which INA will participate in investing in the group's 28 GW renewable energy project portfolio in Indonesia and the Philippines, involving solar and wind energy projects. The portfolio covers projects that are already operational, under construction, contracted, and in the development stage, including both existing power generation assets and a pipeline of projects yet to be built.

This investment spans two Southeast Asian markets. For INA, the Indonesian assets in the portfolio include operational wind and solar projects as well as a development pipeline; the Philippines represents an important component of Vena Group's regional new energy business.

The partnership adopts Vena Group's existing Green Fund Partnership platform model. Launched in Japan in 2019, the platform is primarily open to long-term institutional investors for new energy project investment. Projects continue to be developed, built, and operated by Vena Group's renewable energy business platform Vena Energy, with institutional investors gaining long-term investment opportunities by participating in the project portfolio. Vena Group, meanwhile, can introduce external capital while retaining its long-term operational participation in the projects, and redeploy part of the capital into new project construction and business expansion.

In August 2025, Vena Group announced the expansion of the Green Fund Partnership platform's scale and regional coverage, incorporating Japan, Northeast Asia, Asia-Pacific, and Southeast Asia as key focus areas. The introduction of INA this time represents a concrete investment cooperation under the platform's expansion into Southeast Asia. For INA, this investment extends its green energy asset allocation to both the Indonesian and Philippine markets; for Vena Group, it adds a funding channel for long-term institutional investor participation in the project portfolio.