Vena Group has completed the sale of its stake in Vena Energy India Holdings Pte Ltd, its India-focused renewable energy platform, to Inox Neo Energies Limited, a subsidiary of Inox Clean Energy Limited.
The deal was completed after all customary closing conditions were met, following the announcement of the definitive agreement on June 4, 2026.
Vena Energy India operates around 1 GW of renewable energy capacity and has a further 1.7 GW of advanced-stage solar and wind projects, along with 1.2 GWh of advanced-stage BESS projects.
Its development pipeline includes an additional 2.7 GW of solar and wind capacity and 1.3 GWh of battery energy storage projects, positioning the platform for continued growth in India’s clean-energy and storage markets.
Over the years, Vena Energy India has built a strong renewable energy platform supported by an experienced team of approximately 80 employees with deep development, commercial, operational and technical capabilities across the Indian renewable energy market. The transaction allows Vena Group to focus its resources and capabilities on growth opportunities in renewable energy, battery energy storage, digital infrastructure and integrated green solutions across Asia-Pacific.
Nitin Apte, Chief Executive Officer of Vena Group, said, “The completion marks an important milestone for Vena Energy India and, above all, for the people who have built the business over many years. I am proud of what our India team has achieved together with our customers, communities and partners. Their commitment has created a strong renewable energy platform that is making a meaningful contribution to India’s energy transition.
“As Vena Energy India begins its next chapter under Inox Clean Energy’s ownership, I am confident that it has a strong foundation for continued growth. On behalf of Vena Group, I thank every member of the team, as well as our customers, partners and communities, for their trust and support. We wish the business and its people every success in the future.”
Simone Grasso, Chief Investment Officer of Vena Group and Global Head of Vena Nexus, said, “The completion of this transaction reflects Vena Group’s disciplined approach to portfolio management and capital allocation. We are pleased to have reached this milestone and believe Vena Energy India is well positioned for its next phase of growth under Inox Clean Energy’s ownership.
“For Vena Group, the transaction allows us to focus our resources and capabilities on opportunities where we see significant potential across Asia-Pacific. We remain committed to investing in and developing renewable energy, battery energy storage, digital infrastructure and integrated green solutions that strengthen energy independence, advance decarbonisation and enable digitalisation across the markets we serve, while delivering lasting value to customers and communities.”
Morgan Stanley and MUFG acted as financial advisers to Vena Group in connection with the transaction.
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 platforms, Vena Group develops, owns and operates integrated, sustainable and cost-effective solutions that support the region’s transition to a low-carbon and AI-enabled future.
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