Vena Group and Indonesia Investment Authority announce strategic partnership to accelerate renewable energy growth in Southeast Asia
The partnership brings together INA’s long-term investment mandate and focus on sustainable infrastructure with Vena Group’s extensive renewable energy development, construction and operating capabilities across the Asia-Pacific region.
For Vena Group, the transaction represents an important milestone in the continued expansion of its institutional investment partnerships across Asia-Pacific and advances the Group’s broader Green Fund Partnership strategy. In August 2025, Vena Group announced its intention to increase both the scale and geographic reach of its Green Fund Partnerships across Japan, North Asia-Pacific and Southeast Asia to support its accelerated construction programme and continued regional growth.
Originally launched in Japan in 2019, Vena Group’s Green Fund platform provides long-term institutional investors with access to renewable energy projects developed, constructed and operated by Vena Energy, the renewable energy arm of Vena Group, while enabling the company to retain long-term ownership and operational involvement and rotate capital into new growth opportunities.
For INA, the investment aligns with Green Energy, one of INA’s priority sectors, and is anchored in Indonesia through operating solar and wind assets and a pipeline of further development opportunities in the country. The transaction reflects INA’s approach of investing alongside experienced global and regional partners in assets that offer long-term, risk-adjusted returns while advancing energy transition across Southeast Asia, including Indonesia.
Nitin Apte, Chief Executive Officer of Vena Group, said, “We are pleased to establish this strategic partnership with INA as we continue to expand our renewable energy portfolio across Southeast Asia. Indonesia and the Philippines are important markets for the region’s energy transition, and this partnership brings together INA’s long-term investment perspective with Vena Group’s renewable energy development, construction and operating capabilities. Together, we can accelerate the delivery of high-quality renewable energy infrastructure that strengthens energy security, supports economic development and advances decarbonisation. We look forward to building a strong long-term partnership with INA as we continue to engineer a greener future across Asia-Pacific.”
Simone Grasso, Chief Investment Officer of Vena Group and Global Head of Vena Nexus, said, “This transaction is an important milestone in the institutional partnership strategy we outlined last year and expands Vena Group’s broader Green Fund platform. By bringing high-quality, long-term institutional investors alongside Vena Energy in selected renewable energy portfolios, we can retain long-term ownership and operational involvement while rotating capital into our accelerated construction programme and new growth opportunities.
We are particularly pleased to welcome INA as a long-term partner in this portfolio of renewable energy projects in Indonesia and the Philippines. INA’s investment perspective, commitment to sustainable infrastructure and deep understanding of Indonesia and the broader Southeast Asian region make it a highly complementary partner for Vena Group. We look forward to working closely together as we continue to develop, construct and operate this portfolio and pursue further growth across the region.”
Oki Ramadhana, Chief Executive Officer of INA, said, “We look for investments that stand on their commercial merits while retaining clear strategic relevance for Indonesia. This partnership reflects that balance, combining participation in a diversified Southeast Asian platform with operating assets and future opportunities in Indonesia. Vena Group brings extensive renewable energy development, construction, and operating experience across Asia-Pacific, and we see strong alignment between its capabilities and our long-term objectives. Together, we see a foundation for further investment in renewable energy, both in Indonesia and across the region.”