What JERA Nex does

JERA Nex is a London-headquartered global renewable energy company launched in April 2024 as a wholly owned subsidiary of JERA Co., Inc., Japan's largest power generation company producing roughly 30% of Japan's electricity. The firm develops, owns, and operates onshore renewable energy assets — including solar PV, onshore wind, and battery energy storage systems (BESS) — across Europe, Asia-Pacific, and North America. JERA Nex also holds a 50% stake in JERA Nex bp, the offshore wind joint venture with bp, giving the group access to a 13GW-potential offshore wind pipeline (1GW operating, 7.5GW development, 4.5GW secured leases) across nine countries.

The business model centers on long-term Power Purchase Agreements (PPAs) with utilities and corporate customers for renewable energy output from owned and co-developed assets. Anchor contracts include a 20-year PPA with Conway Corp for the 95MW Happy Solar Farm in Arkansas and a corporate PPA with eBay for the 300MW Oxbow Solar Farm in Louisiana. Pricing is set through bespoke PPAs and competitive auctions rather than published rate cards. JERA Nex uses an acquisition-led development approach complemented by capital recycling, exemplified by the August 2025 sale of a 50% stake in its US solar portfolio to Schroders Greencoat, and by joint development arrangements with ESB (Ireland's Oriel Windfarm) and Alinta Energy (Australia's Spinifex project). Platform investments in ReNew (India, 13.8GW) and Zenobē Energy (UK/Australia/New Zealand, ~731MW BESS) extend exposure to high-growth renewables markets.

Strategically, JERA Nex operates from centres of excellence in Belgium, Japan, Taiwan, and the US with a team of more than 300 renewable and energy industry experts, and has set a target to develop 20GW of renewable capacity by 2035. Capital backing from JERA and bp provides up to $5.8 billion of committed funding to JERA Nex bp through 2030, supporting a multi-year project pipeline that includes new geographies (Norway's Sørlige Nordsjø II), regulatory approvals (Scotland's Morven Section 36 consent), and continued expansion of utility-scale solar, wind, and storage assets.

Name

JERA Nex

Legal name

JERA Nex Limited

Website

https://jeranex.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

JERA Nex is a London-headquartered global renewables company developing, owning, and operating solar, onshore wind, and battery storage assets. It supplies utilities, corporates, and governments under long-term PPAs and holds a 50% stake in the JERA Nex bp offshore wind JV with bp.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Wind Electric Power Generation (221115), Solar Electric Power Generation (221114)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

akta.pro secondary industries

Electrical Systems O&M (Substations, Transformers, Switchgear, Protection & Controls) (EUAMAGAH), Asset Management & Owner’s Engineering (Lifecycle Strategy, Budgeting, Technical Due Diligence) (EUAMAGAJ), Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG), Hybrid Renewable Systems & Co-Optimization R&D (Solar+Wind+Storage, Multi-Resource Plants, Controls) (EUAMAOAI)

Keywords

• Utility-scale solar power
• Offshore wind development
• Battery energy storage
• Power purchase agreements
• Renewable energy development

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Personnel, Technology or R&D, Operations, Supply Chain

Revenue model

1. Power Purchase Agreements (PPAs): Long-term contracts with utilities (Conway Corp) and corporate customers (eBay) for purchase of renewable energy output from operating assets. PPAs provide 20-year revenue visibility for projects like Happy Solar Farm and Oxbow Solar Farm.
2. Offshore Wind Development and Operations: JERA Nex bp JV combines 13GW potential capacity including 1GW operating assets, 7.5GW development pipeline, and 4.5GW secured leases. Revenue generated from power sales, with $5.8 billion committed capital funding through 2030.
3. Asset Divestment and Portfolio Management: Sale of 50% equity stakes in operating assets (e.g., Schroders Greencoat partnership in US solar portfolio) to recycle capital while retaining operational involvement through asset management agreements.
4. Asset Management and O&M Services: Ongoing operations and maintenance services for owned and partner-owned renewable energy assets. Lightsource bp continues to provide asset management and O&M for acquired US solar farms.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels6 records

Core offering

JERA Nex develops, invests in, owns, and operates utility-scale renewable energy assets including solar PV, onshore wind, and battery energy storage systems across Europe, Asia, and North America. The company also holds a 50% stake in JERA Nex bp, a joint venture with bp focused on offshore wind development with 13GW potential net generating capacity.

Product overview

JERA Nex is a global renewables developer offering a portfolio of onshore renewable energy assets including solar farms, onshore wind projects, and battery storage systems. The company operates two primary solar assets in the US (Oxbow 300MW and Happy 95MW) and holds strategic platform investments in ReNew (India, 13.8GW solar/wind) and Zenobē Energy (UK/Australia/NZ, 731MW battery storage). Through its 50% stake in JERA Nex bp, the company participates in offshore wind development with a 13GW combined pipeline. JERA Nex focuses on develop-own-operate business models across Europe, Asia, and North America.

Differentiator

Problem solved

Functional benefit

Brands

• JERA Nex bp: A 50:50 joint venture between JERA Nex and bp, focused on offshore wind development and operations with 13GW of potential capacity.

Products and services

• Oxbow Solar Farm A 300MW operational solar PV farm located in Louisiana, USA. It is the largest solar farm in Louisiana, spanning 1,800 acres including 790 acres of farmland, and supplies corporate customers including eBay under long-term PPAs.
• Happy Solar Farm A 95MW operational solar PV farm located in White County, Arkansas, USA. Powers approximately 21,000 homes under a 20-year power purchase agreement with Conway Corp, a city-owned utility.
• JERA Nex bp A 50:50 offshore wind joint venture between JERA Nex and bp, comprising approximately 1GW of operating assets, a 7.5GW development pipeline, and 4.5GW of secured leases across 9 countries.

Quantifiable outcome

• Happy Solar Farm powers approximately 21,000 homes with clean energy
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Seven partnerships are on record, tiered minor, flagship and core.

• Nomura GreentechminorOthers · 6 August 2025Acted as exclusive financial advisor to JERA Nex on the Schroders Greencoat transaction for 50% stake sale in US solar portfolio.
• University of ArkansasminorOthers · 1 January 2025Partnership for wildlife preservation study at Happy Solar Farm examining impact of solar arrays on environment and natural habitats. University ecologists conduct research on wildlife occupancy and species diversity including mammals, birds, butterflies, amphibians, and reptiles. Study funded by US Department of Energy Solar Energy Technologies Office.
• bpflagshipStrategic or Co-development Partner · 9 December 2024JERA Nex bp is a 50:50 joint venture combining offshore wind businesses of JERA and bp, creating one of the largest global offshore wind developers with 13GW potential capacity. The JV combines operating assets (~1GW), development pipeline (~7.5GW), and secured leases (~4.5GW) across 9 countries. Partners committed up to $5.8 billion capital funding through 2030. JERA Nex is 50% shareholder in the JV.
• Catalyst Energy PartnerscoreStrategic or Co-development Partner · 1 October 2024Strategic partnership to develop, build, own and operate new clean energy projects in major US markets. CEP provides extensive development-stage asset portfolio and innovative approach to utilizing existing grid infrastructure alongside conventional power plants. JERA Nex provides financial support, strategic oversight and operational knowledge.
• ESB (Electricity Supply Board)coreStrategic or Co-development PartnerJoint development of Oriel Windfarm offshore project with ESB through Parkwind subsidiary. Oriel is one of Ireland's first commercial scale offshore wind farms with 375MW capacity (25 turbines) planned off Co Louth coast. ESB provides co-investment and local market expertise.
• Alinta EnergycoreStrategic or Co-development PartnerJoint development of Spinifex Offshore Wind Farm (~1GW+) in southwest Victoria, Australia through Parkwind subsidiary. Alinta Energy provides local expertise and operational experience in Australian energy market. Project estimated to contribute A$1.6 billion during construction and A$40 million annually in operation to regional economy.
• Ingka InvestmentscoreStrategic or Co-development PartnerConsortium partner for Sørlige Nordsjø II offshore wind project - Norway's first offshore wind auction winning 1.5GW project in the Southern Norwegian North Sea. Ingka Investments (IKEA) joined JERA in winning consortium for project development.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• EDF Renewables: Subsidiary of French utility EDF with global renewable energy portfolio including offshore wind (Fécamp, Saint-Nazaire), onshore wind, and solar. Comparable for diversified renewable utility IPP model and European offshore wind focus.
• ENGIE Renewables: French multinational utility with growing renewable energy portfolio across onshore wind, solar, offshore wind, and battery storage globally. Comparable in technology mix and European utility-style development approach.
• NextEra Energy Resources: Largest US renewable energy developer and operator with ~50GW of wind and solar. Closest US-focused comparable for utility-scale solar development and corporate PPA origination (e.g., similar customers and MISO/ERCOT exposure as JERA Nex's US portfolio).
• Equinor (Renewables): Norwegian state oil major building a significant offshore wind portfolio (Dogger Bank, Hywind). Closely comparable to JERA Nex bp for large-scale offshore wind project development, especially in the North Sea where both have active projects.
• Iberdrola Renewables: One of the world's largest renewable energy operators with significant offshore wind (Wikinger, East Anglia), onshore wind, and solar across Europe, the Americas, and APAC. Comparable global renewable utility at much larger scale.

Direct peers

• Lightsource bp: Global solar developer and asset manager; JERA Nex acquired the 395MW US solar portfolio (Oxbow and Happy) from Lightsource bp in 2024, and the head of finance previously served as interim CFO at Lightsource bp. Closest direct comparable for solar development and PPA origination model.
• Ørsted: World-leading offshore wind developer; operates one of the largest global offshore wind portfolios. Direct comparable to JERA Nex bp on offshore wind development scale, technology, and PPA origination, though Ørsted is more mature and vertically integrated into operations.
• SSE Renewables: UK-based renewables developer with major offshore wind, onshore wind, and hydro portfolio; JERA Nex's VP Operations Richard Scott previously led business development at SSE Renewables. Direct comparable for UK and European offshore wind execution.
• EnBW: German utility with significant offshore wind and renewable energy operations; JERA Nex bp is partnering with EnBW on the Morven offshore wind farm in Scotland. Direct comparable for European offshore wind development and JV-based project partnership model.
• RWE Renewables: Major European utility with significant offshore wind and onshore renewables portfolio across Europe, the US, and APAC. Closely comparable to JERA Nex in technology mix (offshore wind, onshore wind, solar, storage) and global geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/jera-nex

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about JERA Nex