Japanese giant JERA forms new Europe-based global renewables unit
Power group says JERA Nex will aim to develop 20GW by 2035
Japanese power giant JERA announced the formation of a new dedicated renewables unit as it laid down a marker to be a key player in global clean energy.
JERA, Japan's largest power producer, said JERA Nex will aim to develop 20GW of renewables by 2035, with a remit to invest in, own and operate assets spanning onshore and offshore wind, solar and storage.
The new operation will be based in London and led by CEO Nathalie Oosterlinck, who currently acts as global renewables chief for JERA, itself a joint venture of Tokyo Electric Power Co (Tepco) and Chubu Electric Power.
JERA Nex starts life with the majority of its parent group’s 3GW of installed capacity and 10GW pipeline.
JERA said it will consider “selective acquisition opportunities and establish partnership opportunities to build a robust pipeline for 2035 and beyond.
“This strategy will be adaptive to prevailing economic conditions, and the company will target high quality projects and apply strict investment criteria as it works towards its ambition.”
Oosterlinck said: “With the launch of JERA Nex, we are bringing together passionate renewable energy people from across the world.
“Our teams have already delivered pioneering offshore wind farms, from the Taiwan Strait to the Belgian North Sea, as well as leading several onshore projects across the world, making JERA Nex well placed to deliver clean energy for a sustainable future.”
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