Japanese energy company JERA and BP have completed the establishment of JERA Nex bp, a new 50:50-owned joint venture (JV), dedicated to the development and operation of offshore wind projects.
The newly established company will have a net potential generating capacity of 13GW across its portfolio.
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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.
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By GlobalDataJERA 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.
