JERA Nex BP exits Beacon Wind project amid US market uncertainty
The joint venture between BP and JERA ends its offshore wind ambitions in the United States, citing an unfavourable economic and regulatory environment for continuing the development of the Beacon Wind project.
| Countries | Royaume-Uni, Japon, États-Unis |
|---|---|
| Sector | Énergie Éolienne, Offshore |
| Theme | Marchés & Finance, Analyse sectorielle |
JERA Nex BP, the joint venture equally owned by British company BP plc and Japanese producer JERA Co. Inc., has announced the termination of its investment in the Beacon Wind offshore wind project, located between Massachusetts and New York. This decision ends both companies’ direct involvement in the US offshore wind market, despite the sector initially being described as strategic.
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