JERA and bp complete global offshore wind joint venture with 13GW portfolio

JERA, a leading Japanese energy company, and bp, an international energy group, have finalised the formation of JERA Nex bp, a new joint venture dedicated to offshore wind and owned equally by both companies. The entity combines both partners’ operating assets and development projects, reaching a net potential capacity of 13GW, including 1GW already installed, 7.5GW in development and 4.5GW under secured leases.