Japan’s JERA is creating a new London sustainable energy company

Japan’s JERA Co., Inc. has launched a new global renewable energy company, JERA Nex Limited, which will be based in London.

JERA Nex will develop, invest, own and operate a range of renewable energy resources, including offshore and onshore wind, solar and battery storage, JERA said in a press release. The global headquarters will be located in the United Kingdom (UK) to leverage the UK’s expertise in financing and developing sustainable energy projects, the company said, and to leverage the country’s significant talent pool to build capabilities in develop core markets and expand its activities. pipeline worldwide.

According to the press release, JERA’s Head of Global Renewables, Nathalie Oosterlinck, will become CEO of JERA Nex.

JERA Nex will consider selective acquisition opportunities and establish partnership opportunities to build a robust pipeline for 2035 and beyond as it aims to develop 20 gigawatts (GW) of renewable capacity by 2035, JERA noted.

“We have outlined a vision to achieve net-zero emissions by 2050, and the birth of JERA Nex plays a critical role in our strategic pillars for achieving that ambition,” said Yukio Kani, Global CEO and Chairman of JERA.

“JERA Nex will enable us to leverage expertise from around the world to develop sustainable projects, forge partnerships and build assets that contribute to a low-carbon energy future with sustainability, affordability and stability,” Kani added to.

“Our teams have already delivered groundbreaking offshore wind farms from the Taiwan Strait to the Belgian North Sea, as well as leading several onshore projects around the world, making JERA Nex well positioned to deliver clean energy for a sustainable future” , says Oosterlinck.

JERA is an equal joint venture of two major Japanese electric utilities, TEPCO Fuel & Power Incorporated and Chubu Electric Power Company, and produces approximately 30 percent of all electricity in Japan.

According to the press release, JERA Nex currently invests in, owns and operates a portfolio of renewable energy assets, with a portfolio of over three GW that includes offshore wind, onshore wind and solar, as well as battery storage.

EMA and JERA will collaborate in the field of LNG

Meanwhile, the Singapore Government’s Energy Market Authority (EMA) and JERA have signed a Memorandum of Understanding (MoU) to cooperate in mutually beneficial areas in liquefied natural gas (LNG) procurement and supply chains for Singapore and Japan .

The two sides have agreed to share best practices and knowledge in LNG procurement and management of LNG supplies, a separate JERA news report said. They will also explore cooperation opportunities in the areas of LNG purchasing and supply chain management.

“This MoU reflects our shared commitment to strengthening energy security and promoting mutual cooperation in LNG procurement and optimization between JERA and Singapore,” said Ryosuke Tsugaru, Senior Managing Executive Officer and Chief Low Carbon Fuel Officer of JERA. “Through this MoU, JERA and EMA will seek to achieve a more stable, resilient and cost-efficient energy flow to both Japan and Singapore, leveraging their mutually complementary relationships.”

“Natural gas will remain an important part of our energy mix, even as we transition to and scale up low-carbon sources in the medium to longer term. EMA is pleased to work with JERA to mutually strengthen our LNG supply chains,” said Soh Sai Bor, Assistant Chief Executive of EMA.

“This is another step forward in Singapore’s efforts to improve the security and reliability of natural gas supplies with stable and competitive prices for our energy sector in our energy transition,” he added.

The EMA is a statutory board under the Ministry of Trade and Industry of Singapore. It ensures a reliable and secure energy supply, promotes effective competition in the energy market and develops a dynamic energy sector in Singapore.

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