TOP STORIES

Japan’s JERA sets up global development arm

RICHARD HEAP

April 16, 2024

Japanese utility JERA has set up a global development arm called JERA Nex to develop, own and operate wind, solar and energy storage projects.

JERA Nex is intended to support JERA’s goal to develop 20GW of renewables capacity by 2035, both independently and with partners. JERA could also bolster these activities with buyouts, such as its acquisition of Belgian developer Parkwind in 2023.

JERA Nex is set to be headquarted in London and led by chief executive Nathalie Oosterlinck, who is currently head of global renewables at JERA.

She said: “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.”

Yukio Kani, global chief executive and chair at JERA, said: “We have outlined a vision to reach zero emissions by 2050, and the birth of JERA Nex plays a critical role in our strategic pillars for delivering that ambition. 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 decarbonised energy with sustainability, affordability, and stability.”

Read more