About Vena Energy
Company Overview
Vena Energy
HeadquartersSingapore
Founded2012
SizeApproximately 1,060 employees (source: linkedin.com). Revenue of $612.3 million in FY 2023 (source: growjo.com).
What They Do
Vena Energy is a private renewable energy company that focuses exclusively on solar, onshore and offshore wind, battery energy storage systems (BESS), and emerging green hydrogen and ammonia production. As a pure-play independent power producer (IPP), Vena Energy invests, develops, constructs, and operates renewable energy assets across the Asia-Pacific region (source: zoominfo.com). The company’s comprehensive service offerings encompass the full lifecycle management of renewable projects, including development, design, procurement, construction, operations, maintenance, and commercialization. In the first half of 2023, Vena Energy's portfolio generated 2.2 TWh of energy, marking a 22% increase from the previous year (source: venaenergy.com).
Projects & Track Record
Vena Energy has an impressive track record of completed projects, including the 132 MW Project Pollo solar facility in Southeast Asia, commissioned in 2016, and 92 MW across ten solar projects in Thailand initiated in 2012. Other notable projects include 48 MW across four solar assets in Japan and 54 MW wind in India (2013), as well as a 130 MW solar project in India bid in 2015. The company has also completed significant projects such as the 421 MW across five solar/wind projects in 2019 and the 150 MWh BESS in Queensland, which was completed in 2022 (source: venagroup.com). Currently, Vena Energy is engaged in several major ongoing projects, including a 500 MW offshore wind project in South Korea and a 400 MW solar export project from Indonesia to Singapore, showcasing its commitment to expanding its renewable energy footprint across the region.
Recent Developments
In the past two years, Vena Energy has made significant strides in securing funding and advancing its projects. The company raised $600 million in sustainability-linked revolving credit financing and achieved a notable milestone by issuing its first green project bond in Japan. Additionally, Vena Energy received an Australian government grant for green hydrogen initiatives and has made substantial progress in its offshore wind pipeline, surpassing 500 MW of operating capacity in Japan (source: cbinsights.com). The company also commenced construction on the 320 MW Wandoan South Solar 2 project, further solidifying its position in the renewable energy sector.
Working There
Vena Energy offers a diverse range of roles across various departments, including operations & maintenance, engineering, investment, environmental, finance, and human resources. The company has recently added 132 new headcount, reflecting its growth and expansion in the renewable energy sector (source: recordowl.com). Hiring primarily occurs at its headquarters in Singapore, with opportunities linked to ongoing projects in Australia and across the Asia-Pacific region. Vena Energy has been recognized as one of the “Best Companies to Work for in Asia 2023” by HR Asia, highlighting its commitment to workplace culture and employee engagement.
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