Vena Energy secures A$1.4 billion green financing for Australian solar and battery storage
Vena Energy secured about A$1.4 billion in green financing for 614 MWp of solar and 1,141 MWh of battery storage across three Australian states.
Photo by Quang Nguyen Vinh on Pexels
Vena Energy secured about A$1.4 billion (roughly US$970 million) in green financing facilities for solar and battery storage projects in Australia, the company announced on June 30, 2026. The Vena Energy green financing covers 614 MWp of solar capacity and 1,141 megawatt-hours (MWh) of battery energy storage across South Australia, Queensland and New South Wales, as reported by pv magazine Australia.
The money is split across two transactions and backed by a consortium of eleven international and local banks. It funds a mix of assets already running and others still under construction, adding firm storage to solar generation in three states.
What the Vena Energy green financing covers
The first transaction supports 294 MWp of operational solar, 320 MWp of solar under construction, and 408 MWh of battery storage under construction, across the Tailem Bend precinct in South Australia and the Wandoan South precinct in Queensland. The second transaction funds two adjacent battery units in New South Wales with a combined 583 MWh, alongside the operational 150 MWh Wandoan South battery in Queensland. Solar capacities are stated on a DC basis.
That brings the totals to 614 MWp of solar and 1,141 MWh of storage. The storage split by site is shown below.
The solar side pairs capacity already generating with a near-equal block still being built, as Energy-Storage.News reported.
| Component | Capacity | Status |
|---|---|---|
| Solar, operational | 294 MWp | Operational |
| Solar, under construction | 320 MWp | Under construction |
| Battery, Tailem Bend (SA) | 408 MWh | Under construction |
| Battery, two adjacent NSW units | 583 MWh | Under construction |
| Battery, Wandoan South (QLD) | 150 MWh | Operational |
| Solar total | 614 MWp | – |
| Battery total | 1,141 MWh | – |
Source: Vena Energy release, via pv magazine Australia and Energy-Storage.News (July 2026).
Why storage sits at the centre of the deal
Batteries let solar output be shifted into evening peaks, which is one answer to the question of whether renewable energy is really unreliable due to intermittency. Grid-scale storage also supports local reliability in the way that microgrids provide reliable, localized energy. Most of the storage in this package uses lithium-ion systems, the same category being pushed on cost and durability by cells such as the Rept Battero 320 Ah sodium-ion storage cell.
Vena Energy set out the expected environmental effect of the financed solar. The company said the assets should meet the annual electricity needs of about 198,000 Australian households and avoid more than one million tonnes of carbon dioxide emissions each year, which it compared to removing around 228,000 vehicles from the road or planting about 17.5 million trees. It also cited about 904 million litres of water saved per year against conventional generation.
| Environmental measure | Figure |
|---|---|
| Households powered, annual equivalent | About 198,000 |
| CO2 emissions avoided per year | More than 1 million tonnes |
| Equivalent cars removed from roads | About 228,000 |
| Equivalent trees planted | About 17.5 million |
| Water saved per year | About 904 million litres |
Source: Vena Energy release, via Eco News (June 30, 2026).
The financing came from BNP Paribas, Bank of China, DBS Bank, ING Bank, Intesa Sanpaolo, Mizuho Bank, MUFG Bank, OCBC, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank and Westpac Banking Corporation. Owen Sela, Head of Australia at Vena Energy, called the facilities “a strong endorsement of the quality of our solar and battery strategy and assets.”
About Vena Energy
Vena Energy is a green energy solutions provider operating across the Asia-Pacific region, and the renewable-energy arm of the Singapore-based Vena Group. It develops and operates onshore wind, solar and battery storage, with a portfolio the company put at about 38 gigawatts of renewables as of December 31, 2024, and more than 1,000 staff across some 80 offices. The company is majority-owned by Global Infrastructure Partners, which became part of BlackRock in 2024. In Australia, Vena Energy runs solar and storage precincts including Tailem Bend in South Australia and Wandoan South in Queensland. The A$1.4 billion in green financing facilities extends that platform, adding storage under construction in New South Wales and South Australia to assets already feeding the grid.
Sources: pv magazine Australia; Energy-Storage.news; Eco News (Vena Energy release)
Featured image: photo by Quang Nguyen Vinh on Pexels (free Pexels license).
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I specialize in sustainability education, curriculum co-creation, and early-stage project strategy. At WINSS, I craft articles on sustainability, transformative AI, and related topics. When I’m not writing, you’ll find me chasing the perfect sushi roll, exploring cities around the globe, or unwinding with my dog Puffy — the world’s most loyal sidekick.
