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Morgan Stanley, MUFG start $1 bn Vena India sale process

Mint Mumbai

|

October 15, 2025

GIP to fully exit Vena Energy India as global capital flows into India’s clean energy market

- Utpal Bhaskar

Morgan Stanley, MUFG start $1 bn Vena India sale process

Vena Energy has 1.25 GW of advanced solar and wind projects, 752 MWh of battery energy storage, and 1.46 GW of early- to mid-stage projects under development.

Morgan Stanley and Mitsubishi UFJ Financial Group (MUFG) have begun the sale process for Global Infrastructure Partners (GIP)-owned Vena Global Group Pte Ltd’s Indian renewable energy platform, Vena Energy India, in a deal having an enterprise value of around $1 billion, according to two people familiar with the development.

The deal comes amid a steady flow of global capital into India’s renewable energy market.

The sale marks Global Infrastructure Partners’ full exit from its bet on Vena Energy. The sale process was formally launched this month. GIP itself was acquired by BlackRock Inc. in October last year. Vena Energy India operates 957 megawatts (MW) of renewable power assets, with another 59 MW under construction.

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