JERA has established a global renewable energy business headquartered in London, UK.
JERA Nex will develop, invest in, own and operate a range of renewable energy assets, including offshore and onshore wind, solar and battery storage.
Nathalie Oosterlinck (pictured), Head of Global Renewables at JERA, will take on the role of CEO of JERA Nex.
In July 2023, JERA acquired Parkwind, Belgium’s largest offshore wind platform, boosting JERA’s total renewable installed capacity to 3GW.
The majority of operational assets and the development pipeline of 10GW which JERA has built will be transferred to JERA Nex.
JERA’s ambition is to develop 20GW of renewable capacity by 2035 and to achieve this JERA Nex will also consider selective acquisition opportunities and establish partnership opportunities to build a pipeline for 2035 and beyond.
With its headquarters in London JERA Nex will leverage the UK’s expertise in financing and developing renewables projects, as well as draw on its talent pool to develop capabilities in core markets and expand its pipeline globally.
JERA Nex is established on the belief that a flexible, agile, and experienced team of renewables specialists backed by a global integrated energy company, creates the platform required to scale a renewables portfolio at pace.
The creation of JERA Nex aligns with JERA’s long-term vision to scale up its clean energy platform of renewables at speed, and is expected to make an important contribution to JERA’s Zero CO2 Emissions 2050 Roadmap.
Yukio Kani, Global CEO and Chair of 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.
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.”