Jera Nex, Jera’s global renewable energy business, has acquired two US solar projects totalling 395MWac from Lightsource BP.
The transaction, which has received all regulatory approvals, is the first made by Jera Nex since its launch in April.
The deal also brings the first US solar assets in its portfolio: the 300MW Oxbow solar farm in Louisiana (pictured), the largest in the state, and the 95MW Happy solar farm in Arkansas.
Lightsource BP worked closely with local communities to develop both sites, Jera Nex said.
Both projects are in commercial operation and delivering renewable energy to their customers.
The Happy project has a long-term PPA with Conway Corp, the city-owned utility system in Conway, Arkansas.
Oxbow has long-term PPAs with corporate customers including eBay.
Richard Scott, vice president for development and construction onshore at JERA Nex, said: “We are delighted to take our first step into the US solar market with the acquisition of these projects.
“This first transaction since our recent launch is an indication of our ambitious plans to scale onshore and offshore renewables for a sustainable future; we hope to build a broader onshore renewables portfolio in the US and globally.
“Lightsource bp has an excellent reputation for delivering high quality solar farms and that is exactly what we have acquired with Oxbow and Happy.
“We look forward to working with the local communities and customers to provide clean and sustainable energy in the years to come.”
As part of the agreement, Lightsource BP will continue to provide asset management and O&M services to JERA Nex, ensuring continuity and a smooth transition for the local community and customers.
Emilie Wangerman, chief operating officer of Lightsource BP US, said: “It was very important to Lightsource BP to find a reliable and like-minded partner for projects that are integral to the local community.
“We are proud of the successful development of these solar farms and confident that they will continue to thrive under the stewardship of JERA Nex.
“Lightsource BP’s involvement in their operations through asset management services will further enable a seamless experience for our important project partners.”