JERA Nex, the renewable energy arm established by JERA Co Inc, has made its entry into the US market with the acquisition of a 395-MW solar portfolio from Lightsource bp. This portfolio includes two solar farms: the 300-MW Oxbow Solar Farm in Louisiana and the 95-MW Happy Solar Farm in Arkansas.

This acquisition, completed with all regulatory approvals, marks JERA Nex’s first US investment since its launch in April. The Oxbow Solar Farm, the largest in Louisiana, and the Happy Solar Farm are both operational and under long-term power purchase agreements (PPAs). The Happy project supplies energy to Conway Corp, while Oxbow has agreements with corporate clients including eBay Inc.

Richard Scott, VP for Development and Construction Onshore at JERA Nex, highlighted that this acquisition represents the company’s commitment to expanding its onshore and offshore renewable energy portfolio. “This first transaction is a clear signal of our ambitious plans for scaling renewable energy globally,” he stated.

Lightsource bp will continue to provide asset management and operations services to ensure a smooth transition and ongoing success of the solar farms. Emilie Wangerman, COO of Lightsource bp US, emphasized the importance of partnering with JERA Nex to maintain the projects' positive impact on local communities.

John O’Brien, COO of JERA Americas, expressed satisfaction with the successful conclusion of the deal and the ongoing collaboration to advance renewable energy projects.

JERA Nex combines the global experience of JERA with a focused approach to renewable energy. With a portfolio exceeding 3GW, the company is involved in various renewable energy sectors, including offshore wind, onshore wind, solar, and battery storage.

Lightsource bp is a leading developer of solar energy projects, with a significant presence in the US and a track record of delivering sustainable energy solutions.

Source: jeranex.com