Vena Energy #45749
Created at
2024-07-17
Last update
2024-07-17
0 Parents (Involvements as child)
11 Children (Involvements as parent)
ID
Name
Weineng Energy
Country of registration/origin
China
Classification
Private company
Relationship
Subsidiary company
Parent relation
Local branch of parent company
Ownership share
100.00 %
ID
Name
Nuevo Solar Energy Corp. (NSEC)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
ID
Name
Asian Greenenergy Corporation
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Joint venture of parent companies
Investment type
Debt financing
Loan amount
20 000 000
$
Loan date
2014-05-14
Comment
Asian Greenenergy will partner with Soleq Pte Ltd, a unit of the Singaporean fund manager, as joint venture partner for the project.
Adam Ballin, Soleq director, said the joint venture will invest $20 million in the Bukidnon solar plant, which will rise in the town of Kibawe.
ID
Name
PT. Energi Bayu Jeneponto
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
ID
Name
PT Infrastruktur Terbarukan Lestari (ITL)
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Comment
Alignment with these expectations is a requirement of PT ITL parent company, Vena Energy and also to support current financing of the Project by Asian Development Bank (ADB).
ID
Name
PT Infrastruktur Terbarukan Lestari
Country of registration/origin
Indonesia
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
ID
Name
Opus Solar Energy Corp.
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Local branch of parent company
Investment type
Shares/Equity
ID
Name
3 Barracuda Energy Corporation (3BEC)
Country of registration/origin
Philippines
Classification
Private company
Relationship
Subsidiary company
Parent relation
Joint venture of parent companies
Investment type
Shares/Equity
Comment
Vena Energy, a leader in sustainable and affordable green solutions across the Asia-Pacific region, has signed an investment agreement with MGen Renewable Energy Inc. (MGreen), the renewable energy arm of Meralco PowerGen Corporation (MGen) for the joint construction of the 550MW Bugallon Solar Power Project, located in Bugallon, Pangasinan under 3 Barracuda Energy Corporation (3BEC). MGreen is expected to take a 50-percent stake in 3BEC.
Sources: Vena Energy News Release, Manila Standard Media Report
ID
Name
Energon RJ Wind Power Pvt. Ltd.
Country of registration/origin
India
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
ID
Name
Vena Energy Solar Ravi India Power Resources Pvt. Ltd.
Country of registration/origin
India
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
ID
Name
Vena Energy Shivalik Wind Power Private Limited
Country of registration/origin
India
Classification
Private company
Relationship
Subsidiary company
Parent relation
Subsidiary of parent company
Investment type
Shares/Equity
Ownership share
100.00 %
Comment
As of 2023, Vena Energy holds 100% stake in Vena Energy Shivalik Wind Power Private Limited.