As we wrote last month, JERA and BP recently launched their new joint venture, JERA Nex bp. This collaborative effort comes under the goal of playing a leading role in the emerging offshore wind market. The agreement set the partnership into motion, which was formally signed on August 5, 2025. It combines JERA’s operational expertise with BP’s global experience across the offshore energy sector. JERA owns a 66.6% share of the new joint venture, with EDF Trading owning 33.3%.
JERA Nex bp boasts a strong net potential generating capacity of 13 gigawatts (GW) across their portfolio. The joint venture begins with a combined installed net generating capacity of 1GW. It has a strong development pipeline of 7.5GW. Further, it has leases totaling 4.5GW in hand, putting itself in a favorable place for future growth.
Focus on Development and Operations
Together, today, JERA Nex bp is on a mission. We are an experienced and committed global developer, owner, and operator of offshore wind projects. The firm intends to focus on the disciplined, prioritized advancement of current projects in its robust global pipeline. This strategic focus has enabled the venture to have great success in leveraging and scaling its unique skills and expertise in the renewable energy space.
Additionally, JERA Nex bp will ensure continued safe and efficient operation of existing assets in Europe and Asia. This dedication to safety and efficiency illustrates what matters most to both parent companies. There’s a reason it’s focused on their dependability as they jump into the renewable energy market.
Leadership and Strategic Vision
Satoshi Yajima, chief renewable energy officer of JERA and CEO of JERA Nex bp. This partnership is critical, he says. He noted that the partnership with BP has helped JERA to fast track their overall renewable energy strategy.
“Our partnership with BP has accelerated the growth trajectory of JERA’s overall renewable energy strategy, and the completion of the JV formation reflects the strength and agility that will position JERA Nex bp for long-term success. With support from both partners, JERA Nex bp will serve as a cornerstone in helping the world realise a decarbonised energy future.” – Satoshi Yajima
Nathalie Oosterlinck, CEO of JERA Nex bp, noted about the venture’s positive start.
“JERA Nex bp begins life with a strong operating portfolio and an extensive development pipeline. We bring together two highly capable teams with the experience, relationships, purchasing power and unique global access of two of the East and West’s pre-eminent energy companies. This gives us the expertise and experience to find new ways to create value from offshore wind and become one of the world’s leading companies in the sector.” – Nathalie Oosterlinck
Future Outlook
Formation of JERA Nex bp marks our strategic move toward developing sustainable energy solutions. This decision is more crucial than ever as the industry continues to grow at a rapid pace. The joint venture looks to increase offshore wind deployment by leaps and bounds. It shows an admirable, unequivocal commitment to developing a rapidly decarbonizing energy future. JERA Nex bp will have tremendous resources and expertise to draw upon. This deepening foundation helps set the stage for the company’s new efforts to accelerate global renewable energy adoption.