Japan’s Jera launches 20-GW global renewable energy platform

Japanese power utility Jera Co has launched a UK-based global green energy business in a drive to speed up its investments in the sector and deploy 20 GW of renewable energy capacity by 2035 to back its 2050 zero-carbon emissions goal.

JERA Nex, headquartered in London, will develop, invest in, own and operate renewable energy assets across the offshore and onshore wind, solar and battery storage sectors. The newly established entity will develop its own projects and will also “consider selective acquisition opportunities,” Jera said on Monday, adding that the strategy for the new business will target high-quality projects.

The Japanese utility will kickstart the business by transferring most of the assets of its 3-GW installed renewable energy fleet and its 10-GW development pipeline to JERA Nex.

Nathalie Oosterlinck, head of Global Renewables at Jera, will be at the helm of the new company.

“JERA Nex will enable us to draw upon expertise from across the world to develop renewable projects, forge partnerships, and build assets that contribute to a future of decarbonized energy with sustainability, affordability, and stability,” said Yukio Kani, global CEO and Chair of Jera.

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