JERA
About
A Japanese energy company set up as a joint venture of Tokyo Electric Power Company (TEPCO) and Chubu Electric Power, and still owned equally by TEPCO Fuel & Power and Chubu Electric Power. It has absorbed both parents' fuel, thermal power and overseas generation businesses and runs an integrated chain from upstream fuel development and trading to power generation. Its renewables arm JERA Nex, which bought the Belgian developer Parkwind in July 2023, combined its offshore wind business with bp's in August 2025 to form JERA Nex bp, a 50:50 joint venture that develops, owns and operates offshore wind projects. By April 2026 the Ishikari Bay New Port farm and the Akita and Aomori developments in Japan had also moved to the joint venture. Those offshore wind assets therefore sit in a half-owned company whose decisions JERA shares with bp.
Outlook
as of 2026-10Portfolio
11 held · live stages first, exits lastCapacity is net of ownership stake: a 50% JV counts half. Gross exposure (full nameplate of every project held): 12.5 GW. Some stakes are undisclosed, so net GW is a floor.
| Project | Country | Stage | MW | Stake | Net MW |
|---|---|---|---|---|---|
| Formosa 2 | Taiwan | Operational | 376 | 24.5% | 92 |
| Ishikari Bay New Port Offshore Wind Farm | Japan | Operational | 112 | 50% | 56 |
| Formosa 1 Phase 2 | Taiwan | Operational | 120 | 32.5% | 39 |
| Gunfleet Sands | United Kingdom | Operational | 173 | 12.5% | 22 |
| Mona | United Kingdom | Advanced Development | 1500 | 50% | 750 |
| Aomori South Tsugaru Offshore Wind (Round 3) | Japan | Advanced Development | 615 | — | — |
| N-11.1 | Germany | Early Development | 2000 | 50% | 1000 |
| N-12.2 | Germany | Early Development | 2000 | 50% | 1000 |
| Morven (North & South) | United Kingdom | Early Development | 2900 | 25% | 725 |
| Beacon Wind 1 | United States | On Hold | 1230 | 50% | 615 |
| Morgan | United Kingdom | On Hold | 1500 | 25% | 375 |
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