JERA and BP launch JERA Nex bp joint venture
The newly established company will have a net potential generating capacity of 13GW across its portfolio.
This includes 1GW of installed net generating capacity, a development pipeline of 7.5GW and an additional secured leases amounting to 4.5GW.
JERA and BP announced plans to establish the JV in December 2024.
It will utilise both partners' engineering expertise, technical skills in project management and procurement capabilities, as well as strong industry relationships.
The partnership combines JERA's expertise in delivering safe project operations with BP's extensive experience in the offshore energy sector.
JERA Nex bp CEO Nathalie Oosterlinck stated: 'JERA Nex bp begins life with a strong operating portfolio and an extensive development pipeline.
'We bring together two highly capable teams with the experience, relationships, purchasing power and unique global access of two of the East and West's pre-eminent energy companies. This gives us the expertise and experience to find new ways to create value from offshore wind and become one of the world's leading companies in the sector.'
JERA Nex bp's initial focus will be on the disciplined and prioritised development of existing projects within its global pipeline while maintaining safe and efficient operation of current assets in Europe and Asia.
The company aims to continuously evaluate its project portfolio based on value creation opportunities while utilising access to external capital for competitive financing options.
JERA chief renewable energy officer and JERA Nex CEO Satoshi Yajima said: 'Our partnership with BP has accelerated the growth trajectory of JERA's overall renewable energy strategy, and the completion of the JV formation reflects the strength and agility that will position JERA Nex bp for long-term success.
'With support from both partners, JERA Nex bp will serve as a cornerstone in helping the world realise a decarbonised energy future.'
In March 2025, JERA and EDF Trading expanded their JV, JERA Global Markets, to include Japanese power trading.
JERA holds a 66.6% stake in the venture, while EDF Trading holds 33.3%. JERA Global Markets acts as the exclusive fuel optimiser for both companies.
"JERA and BP launch JERA Nex bp joint venture" was originally created and published by Power Technology, a GlobalData owned brand.
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It is an active, independent global asset manager that delivers distinctive and differentiated investment solutions for its clients across its Investment and Wealth Management Businesses. Its purpose is to protect and enhance its clients' financial future. It attracts and empowers the brightest minds to provide investment leadership, innovation and a positive impact on society and the environment. Total assets under management were CHF 12.7 billion as of 30 June 2025. GAM has global distribution with offices in 15 countries and is geographically diverse with clients in almost every continent. Headquartered in Zurich, GAM Investments was founded in 1983 and its registered office is at Hardstrasse 201 Zurich, 8037 Switzerland. For more information about GAM Investments, please visit Other Important Information This release contains or may contain statements that constitute forward-looking statements. Words such as 'anticipate', 'believe', 'expect', "estimate", "aim", 'project', 'forecast', "risk", 'likely', 'intend', 'outlook', 'should', 'could', "would", 'may', 'might', "will", "continue", "plan", "probability", "indicative", "seek", 'target', 'plan' and other similar expressions are intended to or may identify forward-looking statements. Any such statements in this release speak only as of the date hereof and are based on assumptions and contingencies subject to change without notice, as are statements about market and industry trends, projections, guidance, and estimates. Any forward-looking statements in this release are not indications, guarantees, assurances or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the person making such statements, its affiliates and its and their directors, officers, employees, agents and advisors and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct and may cause actual results to differ materially from those expressed or implied in any such statements. You are strongly cautioned not to place undue reliance on forward-looking statements and no person accepts or assumes any liability in connection therewith. This release is not a financial product or investment advice, a recommendation to acquire, exchange or dispose of securities or accounting, legal or tax advice. 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