In a significant move that highlights the increasing importance of renewable energy, JERA Nex, the global renewable energy division of JERA, has made its inaugural entry into the U.S. solar market. The company has acquired two solar projects totaling 395MW from Lightsource bp, a global leader in solar energy development and management. This acquisition represents a pivotal milestone for JERA Nex as it works toward its ambitious goal of expanding its renewable energy portfolio to 20GW by 2035.
Richard Scott, Vice President for Development and Construction Onshore at JERA Nex, expressed his enthusiasm for the company’s expansion into the U.S. market, stating, “This first transaction since our recent launch is an indication of our ambitious plans to scale onshore and offshore renewables for a sustainable future.”
The newly acquired solar farms, Oxbow in Louisiana and Happy in Arkansas, are now integral components of JERA Nex's growing portfolio. Oxbow, the largest solar farm in Louisiana, has secured long-term power purchase agreements (PPAs) with corporate clients, including eBay. Meanwhile, the Happy solar farm in Arkansas has a long-term PPA with Conway Corp, the city-owned utility system in Conway. Both projects are fully operational, delivering clean energy to their respective customers.
To learn more about JERA Nex's ambitious plans and the impact of these acquisitions, read the full article here.
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