Global Infrastructure Partners is reportedly exploring selling a stake in Vena Energy and seeking a valuation of about $15 billion, according to Bloomberg News.
Headquartered in Singapore, Vena Energy develops and owns renewable energy projects including wind, solar and energy storage across Asia-Pacific. The infrastructure fund has sounded out a group of financial advisers on a potential sale of as much as a 51 percent stake in Vena Energy, reported Bloomberg. The asset could reportedly attract companies in the industry and conglomerates with an interest in boosting their green investments.