HONG KONG/LONDON, Feb 13 (Reuters) - Global

Infrastructure Partners (GIP) has mandated Morgan Stanley ( MS ) and

Japan's Mitsubishi UFJ Financial Group ( MUFG ) to manage the sale of a

controlling stake in Vena Energy, in a deal that could value the

Singapore-based renewable energy company at up to $10 billion,

two people with knowledge of the matter said.

Vena, fully owned by GIP, is involved in energy storage,

solar and wind power with operations in Japan, North Asia,

Southeast Asia, India and Australia.

The financial advisers have started gauging interest from

potential buyers but an official sale process has not been

launched, said one of the people. The exact size of the stake to

be sold has not been decided, the sources said.

If materialised, it could be one of the largest renewable

transactions globally this year.

GIP, Morgan Stanley ( MS ) and MUFG declined to comment. Vena did

not immediately respond to an emailed request seeking comment

after working hours on Thursday.

GIP, with co-investments from Chinese state fund China

Investment Corp and Canada's Public Sector Pension Investment

Board, agreed to buy Vena Energy, formerly known as Equis Pte,

in 2017 for $3.7 billion.

Energy demand in Asia is projected to grow sharply,

especially in Southeast Asia, which the International Energy

Agency forecast would account for more than a quarter of global

energy demand growth until 2035.

Vena reported $277.6 million in revenue and $185,6 million

in earnings before interest, taxes, depreciation and

amortization for the first half of 2024, which was a 5% decrease

year-on-year.

It had 3.2 gigawatt of installed capacity and 2.4 trillion

watt hours of clean energy generated for that period, plus 1.1

gigawatt of capacity under construction.