JERA Nex bp launches with 13GW in net potential generating capacity, including 1GW of operating assets and a 7.5GW development pipeline.
The JV leverages combined expertise and global access from JERA and bp to pursue disciplined offshore wind development across Europe, Asia, and Japan.
London-headquartered JERA Nex bp aims to accelerate the partners’ renewable strategies and global leadership in offshore wind.
JERA and bp have officially launched their 50:50 joint venture, JERA Nex bp, marking a significant step in scaling global offshore wind development.
The newly formed company enters the market with a net potential generating capacity of 13GW. This includes 1GW of installed net generating capacity, a 7.5GW development pipeline, and 4.5GW of secured leases. JERA Nex bp will prioritize disciplined development of existing global projects while maintaining safe and efficient operations in Europe and Asia.
“JERA Nex bp begins life with a strong operating portfolio and an extensive development pipeline,” said Nathalie Oosterlinck, CEO of JERA Nex bp. “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.”
The joint venture combines JERA’s operational excellence with bp’s offshore energy expertise, enabling access to competitive financing, deep technical capability, and a global supply network. The entity is headquartered in London and led by a management team drawn from both companies.
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Satoshi Yajima, Chief Renewable Energy Officer of JERA and CEO of JERA Nex, commented, “This is a landmark day for JERA’s renewable energy journey. 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 realize a decarbonized energy future.”
As part of the agreement completed on August 1, JERA Nex bp Japan has also been established to focus on local project development and operations. Masato Yamada, formerly a Managing Executive Officer at JERA, has been appointed CEO of JERA Nex bp Japan, reporting directly to the global CEO.
The joint venture has drawn praise from both governments for its role in advancing clean energy goals. Japan’s Vice-Minister for International Affairs, Ministry of Economy, Trade and Industry, Takehiko Matsuo, stated, “The collaboration between Japanese and UK companies, both with outstanding expertise, experience, and capabilities, is especially meaningful. As one of the world’s leading offshore wind energy companies, a key role in promoting offshore wind on the global stage is strongly expected.”
UK Trade Envoy to Japan, Sharon Hodgson MP, added, “It’s great that bp and JERA Nex have completed their UK-headquartered joint venture, making them one of the world’s largest offshore wind developers and operators. This marks another strong example of UK-Japan collaboration, highlighting its growing role in advancing clean energy solutions.”
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