Japanese energy company JERA and British oil company bp have announced the formation of a 50:50 owned joint venture, JERA Nex bp, JERA announced on Monday.
JERA Nex bp is aimed at accelerating global offshore wind development, it will develop, own, and operate offshore wind projects worldwide.
The new company's portfolio of operating assets and development projects has a net potential generating capacity of 13 GW. This includes approximately 1 GW of installed net generating capacity, a 7.5 GW development pipeline, and an additional 4.5 GW of secured leases.
JERA Nex bp will be based in London, with offices across Europe, Asia, US and Australasia.
Initial efforts will focus on advancing projects in Northwest Europe, Australia, and Japan, while also maturing a pipeline of longer-term opportunities.
"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," said Nathalie Oosterlinck, CEO of JERA Nex bp.
"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," said Takehiko Matsuo, Japan's Vice-Minister for International Affairs, Ministry of Economy, Trade and Industry.
By Busra Ozaltan
Anadolu Agency
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