Vena Energy, a leading green energy solutions provider across the Asia-Pacific region, has secured approximately A$1.4 billion in green financing facilities to support solar and battery energy storage system (BESS) assets across Australia. 

The facilities are structured across two transactions, combining greenfield project funding with the refinancing of existing facilities. The first transaction supports 294 MWp^[1] of operational solar capacity, 320 MWp of solar capacity under-construction and 408MWh of BESS capacity under-construction across the Tailem Bend and Wandoan South precincts in South Australia and Queensland. The second transaction supports two adjacent 583 MWh battery energy storage units under-construction in New South Wales, together with the operational 150 MWh Wandoan South battery energy solar system in Queensland. 

The transactions bring together assets with complementary operating and financing characteristics, enabling Vena Energy to align long-term capital with high-quality renewable energy and storage infrastructure. This approach supports funding efficiency, enhances flexibility for future growth and reflects Vena Energy’s disciplined approach to capital management across its Asia-Pacific platform. 

Simone Grasso, Chief Investment Officer of Vena Group and Global Head of Vena Nexus, said: “Vena Energy takes a disciplined approach to capital allocation, and these transactions demonstrate our ability to mobilise long-term capital at scale for high-quality green infrastructure. Australia remains a key market within our Asia-Pacific growth strategy, and the strong support from leading international and local lenders reinforces confidence in our platform, our execution capability and the long-term role of renewables and storage in the region’s energy systems.” 

Owen Sela, Head of Australia at Vena Energy, said: “This is a significant milestone for our Australian business and a strong endorsement of the quality of our solar and battery strategy and assets. By aligning financing structures with complementary assets, we are able to continue scaling our Australian platform and delivering infrastructure that supports grid stability, reliability and the integration of more renewable energy into the system.” 

The solar assets included in the financing are expected to generate enough renewable power to supply the equivalent annual electricity needs of approximately 198,000 Australian households, while avoiding more than one million tonnes of CO₂ emissions annually, equivalent to removing around 228,000 vehicles from the road or planting approximately 17.5 million trees. The projects will also save an estimated 904 million litres of water per year compared to conventional energy generation. 

The green financing facilities were supported by a group of international and local lenders, including BNP Paribas, Bank of China, DBS Bank, ING Bank, Intesa Sanpaolo (IMI CIB Division), Mizuho Bank, MUFG Bank, OCBC, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank and Westpac Banking Corporation.  

Ashurst acted as legal adviser to Vena Energy, while Norton Rose Fulbright and Corrs Chambers Westgarth acted as legal advisers to lenders. 

[1] Solar capacities are stated in MWp on a direct current basis. Battery energy storage capacities are stated in MWh. 

ABOUT VENA GROUP

Vena Global Group Pte Ltd (“Vena Group”) is a leading green solutions provider driving the energy and digital infrastructure transition across the Asia-Pacific region. Through its renewable energy and digital infrastructure arms, Vena Group delivers integrated, sustainable, and cost-effective solutions that enable the region’s transition to a low-carbon, AI-driven future.

For more information, please visit www.venagroup.com.

ABOUT VENA ENERGY

Vena Energy is a leading green energy solutions provider in the Asia-Pacific region, accelerating the transition to sustainable and affordable renewable energy that delivers lasting environmental, social, and economic benefits to host communities and stakeholders. 

We deliver green energy solutions through a renewable power portfolio of 38GW across Onshore Wind, Solar, and Offshore Wind projects[1], and a green energy infrastructure pipeline including 25GWh of BESS[2] and 848 KTPA of Green Hydrogen and Ammonia.

With over 1,000 employees across 80 corporate and site offices globally, Vena Energy is committed to advancing the adoption of low-carbon energy, contributing to global climate goals, and engineering a greener future. 

For more information, please visit www.venaenergy.com, or follow us on LinkedIn, Facebook, Instagram.

[1] as of 31 December 2024.
[2] Includes 0.2GWh BESS OCC portfolio