Japan’s largest power company, JERA, has selected London as the location for its global renewables business headquarters. The decision came as JERA launched JERA Nex, a dedicated global renewable energy business focused on developing, investing in, owning, and operating renewable energy assets such as offshore and onshore wind, solar, and battery storage. By choosing the United Kingdom as the headquarters for JERA Nex, the company aims to leverage the country’s expertise in financing and developing renewables projects, as well as draw on its talent pool to expand globally.
The newly-launched JERA Nex has set an ambitious goal of developing 20GW of renewable capacity by 2035. In order to achieve this target, the company plans to explore selective acquisition opportunities and establish partnership opportunities to build a robust pipeline for the future. JERA Nex intends to target high-quality projects and apply strict investment criteria as it works towards its ambition.
JERA’s broader hope is that JERA Nex can help the company achieve the scale needed to meet its commitment to decarbonization. Since announcing the “JERA Zero CO2 Emissions 2050” initiative in 2020, JERA has been actively investing in and developing a renewable portfolio globally. This includes the acquisition of Parkwind, Belgium’s largest offshore wind platform, which has boosted JERA’s total renewable installed capacity to 3GW. The majority of operational assets and the development pipeline of 10GW will be transferred to JERA Nex to create a center of excellence in renewables.
Yukio Kani, Global CEO and Chair of JERA, highlighted the critical role that JERA Nex will play in achieving the company’s vision of zero emissions by 2050. With Nathalie Oosterlinck, the current Head of Global Renewables at JERA, appointed as the CEO of JERA Nex, the company aims to bring together renewable energy experts from around the world to develop clean energy projects and forge partnerships that contribute to a decarbonized energy future. Oosterlinck emphasized that JERA Nex’s teams have a track record of delivering pioneering offshore and onshore wind projects across the world.
In addition to its London Headquarters, JERA Nex will have centers of excellence in Belgium, Taiwan, the US, and Japan, with a team of over 300 global renewable energy experts. By establishing its global headquarters in London and expanding its operations across different regions, JERA Nex is well-positioned to drive the development of clean energy projects and contribute to a sustainable future. The company’s commitment to renewables and decarbonization aligns with the growing focus on sustainable energy sources and reducing carbon emissions in the global energy sector.
