Headquartered in Singapore, Vena Energy is a leading renewable energy company in the Asia-Pacific (APAC) region. We own, develop, construct, operate, manage, and commercialise renewable energy projects across APAC, with an extensive local presence of ~900 employees across 79 corporate and site offices in Japan, North Asia & Australia, Southeast Asia, and India. Our business is organised into 3 verticals – Onshore (Wind and Solar), Offshore Wind, and Energy Storage (stationary and transportable storage) across the Asia Pacific region.
Vena Energy’s onshore business comprises solar photovoltaics (“solar PV”), onshore wind and their respective extensions such as hybrid systems and floating solar PV. Since investing in our first portfolio of solar development projects in 2012, the onshore business has expanded significantly with Vena Energy currently operating 80 projects totalling 2.7 GW of capacity across seven countries and 836 MW of capacity under construction. In 2022, Vena Energy contracted an additional 1.2 GW of onshore wind and solar PV projects from our development pipeline, bringing our total contracted capacity to 2.3 GW.
Offshore wind energy is generated by wind farms that are constructed on bodies of water, usually open sea, and coastal areas. Offshore wind farms possess enhanced potential for robust and consistent power generation, primarily due to the advantage of more rapid and predictable wind currents over oceans, and the elimination of terrain-related influences. Today, Vena Energy is developing over 19 GW of offshore wind projects in key markets in Japan, North Asia, Australia, and Southeast Asia.
Energy storage solutions allow clean energy to be stored during times of low demand and dispatched at times of low production and peak demand, therefore offering an effective solution to intermittency. Vena Energy commenced commercial operation of the Wandoan South Battery Energy Storage System (BESS), the first utility-scale battery in Queensland and one of the largest in Australia. We are also constructing a combined battery and solar PV project totalling 159 MW in South Australia, which is expected to commence operation in 2023. A further 6 GW of storage capacity is currently in development which underpins our future growth in the energy storage space, with advanced opportunities across Australia, Japan, and Taiwan.
Total portfolio capacity of onshore, offshore, and battery assets across Asia-Pacific2
Total construction and contracted capacity of onshore, offshore, and battery assets
Total operational capacity of onshore, offshore, and battery assets
Employees across 77 corporate and site offices in the Asia-Pacific
- As of June 2023, our operational capacity stands at 2.9 GW and the energy generation arising from those assets was 4.1 TWh.
- Megawatts (MWs) indicate Gross Capacity of all Operational, Construction, Contracted, and Development assets as of 1H 2023.
- Households Powered is based on annual household electricity consumption of each operating country derived from Residential Electricity Consumption data obtained from the International Energy Agency (2020) and number of households data derived from population data from United Nations (2022) and household size data taken from United Nations (2022) and Statista database (2021).
- Greenhouse Gas (GHG) Emissions Reduction is calculated assuming that the generation from renewable energy plants replaces an equal quantity of electricity generated using coal, gas and oil. Unique GHG emissions factors were calculated for each country based on each country’s GHG emissions factor published on the UNFCCC Harmonized IFI Default Grid Factors 2021 v3.2.
- Water Saved is calculated based on the water consumption of solar and wind power plants compared against the various sources of power generation in each country where Vena Energy operates in. Unique water savings factors were calculated for each country based on respective country energy mix obtained from International Energy Agency (2020-21) and water use intensity factors from a paper titled “Water Demand Scenarios for Electricity Generation at the Global and Regional Levels” by Terrapon-Pfaff, et al., (2020).
- Equivalent Cars Removed from the Road is based on annual GHG emissions of passenger vehicles obtained from the United States Environmental Protection Agency, last updated: April 2023.
- Equivalent Trees Planted is based on the amount of GHG sequestered by a medium growth coniferous or deciduous tree, planted in an urban setting and allowed to grow for 10 years, data obtained from the United States Environmental Protection Agency website, last updated: April 2023.