Offshore wind energy assets unite under JERA's new collaborative endeavor
New Offshore Wind Joint Venture, JERA Nex bp, Launches with 13 GW Capacity
The offshore wind industry received a significant boost on August 4, 2025, as BP and JERA announced the formation of JERA Nex bp, a 50:50 joint venture focused on offshore wind development, ownership, and operation.
The new company, headquartered in London, boasts a net potential generating capacity of 13GW, making it one of the largest offshore wind developers globally. This scale is achieved through approximately 1GW of installed capacity, a 7.5GW development pipeline, and an additional 4.5GW of secured leases.
JERA Nex bp brings together the offshore wind assets and expertise of both companies across nine countries, including key markets such as Europe, Asia-Pacific, Australia, Belgium, Germany, Ireland, Japan, Taiwan, and the UK. The company aims to optimize and prioritize project development from its extensive pipeline while operating current assets safely and efficiently.
BP and JERA have committed up to $5.8 billion in capital funding to JERA Nex bp through 2030 to support investment and growth. The joint venture is led by CEO Nathalie Oosterlinck, with a Japan entity headed by Masato Yamada to oversee projects there.
The formation of JERA Nex bp reflects the strength and agility that will position the company for long-term success. BP and JERA have been building offshore wind portfolios since 2019, with BP currently developing projects in the UK Irish Sea, Germany's North Sea, and the U.S.
JERA, through its renewables platform, has wind farms in Belgium, Germany, Japan, and Taiwan. The company's growth trajectory has been accelerated by its partnership with BP, as evidenced by its acquisition of Belgium offshore wind player Parkwind in 2023.
Satoshi Yajima, Chief Renewable Energy Officer of JERA and CEO of JERA Nex, serves as the spokesperson for the partnership. The joint venture was launched following a new strategy by BP that reallocates capital to increase oil and gas investment and reduces low carbon energy to less than 5% of the company’s capex allocation.
With its extensive portfolio and significant capital support, JERA Nex bp is poised to be a leading global offshore wind developer and operator. The company's focus on renewable energy is a testament to the growing importance of sustainable energy solutions in the face of climate change.
[1] BP and JERA Form JERA Nex bp, a Renewable Joint Venture Focused on Offshore Wind, BP Press Release, August 4, 2025. [2] JERA Nex bp: A New Offshore Wind Powerhouse, Renewable Energy Magazine, August 5, 2025. [3] JERA Nex bp: The Largest Offshore Wind Developer in the World?, Clean Energy News, August 6, 2025. [4] JERA Nex bp: A Game-Changer for the Offshore Wind Industry?, Offshore Wind Industry, August 7, 2025.
The newly established JERA Nex bp, a 50:50 joint venture between BP and JERA, has access to substantial finance, with up to $5.8 billion in capital funding committed through 2030. As a renewable energy company, JERA Nex bp's primary focus is on the development, ownership, and operation of offshore wind farms, making it a significant player in the industry.
