INA invests in Vena Group’s 2.8 GW renewable energy portfolio

Résumé détaillé

Indonesia’s sovereign wealth fund is investing under a partnership with the Singapore-based solar and wind developer in projects at home and in the Philippines as part of a wider aim to accelerate the region's energy transition.

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below. Just click on the icons to get to the download page.

Indonesia’s sovereign wealth fund is investing under a partnership with the Singapore-based solar and wind developer in projects at home and in the Philippines as part of a wider aim to accelerate the region's energy transition.

he Indonesia Investment Authority (INA) has invested in a 2.8-gigawatt renewable energy portfolio developed by Singapore-based Vena Group comprising solar and wind projects that are operational, under construction, contracted and in development across the country as well the Philippines.

The partnership brings together the sovereign wealth fund’s long-term investment mandate and focus on sustainable infrastructure with Vena Group’s extensive renewables development, construction and operating capabilities across the Asia-Pacific, according to a joint statement released on Wednesday.

“We look for investments that stand on their commercial merits while retaining clear strategic relevance for Indonesia,” INA chief executive Oki Ramadhana stated.

“Together, we see a foundation for further investment in renewable energy, both in Indonesia and across the region.”

The investment aligned with green energy, one of INA’s priority sectors, and was anchored in Indonesia through operating solar and wind assets and a pipeline of further development opportunities in the country, the statement said.

With exclusive interviews and in-depth coverage of the region's most pressing business issues, "Prospects" is the go-to source for staying ahead of the curve in Indonesia's rapidly evolving business landscape.

The transaction would give the fund exposure to Vena Group's regional renewable energy business while allowing it to bring in institutional capital for expansion and construction.

Début de l'article, extrait de The Jakarta Post. Pour lire la suite, ouvrez l'article chez le média.