1. JERA, the largest electric power company in Japan, announced the spinoff of a global renewable energy business.
2. The new venture, JERA Nex, aims to deploy at least 20 GW of renewable energy generation capacity by 2035.
3. JERA Nex will be headquartered in London, UK, and will focus on developing, investing in, and operating various renewable energy assets, including solar power, battery energy storage, and onshore and offshore wind.
JERA, the largest electric power company in Japan, has announced the spinoff of a new global renewable energy business, headquartered in London. The goal of JERA Nex is to deploy at least 20 GW of renewable energy generation capacity by 2035, including solar power, battery energy storage, and onshore and offshore wind. JERA’s parent company has committed to zero emissions by 2050 and has been developing a global portfolio of renewable energy projects. JERA Nex will oversee the company’s currently operating assets and a 10-GW development pipeline of renewable energy projects.
The new venture will be led by CEO Nathalie Oosterlinck and will seek selective acquisition opportunities and partnerships to expand its portfolio. The UK was chosen as the headquarters for JERA Nex due to its expertise in financing and developing renewables projects. The company aims to build assets that contribute to a future of decarbonized energy with sustainability, affordability, and stability. With a team of over 300 global experts, JERA Nex is well-positioned to deliver clean energy for a sustainable future, including floating offshore wind projects. The company also plans to establish “centers of excellence” in Japan, the U.S., Belgium, and Taiwan.