JERA and bp Unveil JERA Nex bp to Fast-Track Global Offshore Wind Expansion
Photo Credit: BP
LONDON and TOKYO, August 4, 2025 - In a signal of accelerating global energy realignment, Japanese power giant JERA and British energy major bp have formally launched JERA Nex bp, a 50-50 joint venture focused on developing offshore wind capacity across key international markets. With both companies already established in renewable energy, this new alliance cements their shared ambition to scale the offshore wind sector and accelerate the global energy transition.
The JV, announced today, will focus on high-growth regions including Japan, the broader Asia-Pacific, the US, and the UK, targeting multi-gigawatt projects to support national and corporate net-zero goals. The venture is headquartered in London, reflecting its international mandate and access to capital markets, and will integrate both partners’ technical and commercial capabilities to drive competitive edge in the global offshore wind race.
This launch follows an earlier March 2025 announcement introducing the leadership team, including key executives from both firms. The co-CEO model, unusual in Western joint ventures, reflects an equal governance structure, underlining the parity and long-term strategic intent of both parties.
The timing is significant. With global offshore wind capacity expected to rise nearly tenfold by 2040, according to IEA forecasts, international partnerships such as JERA Nex bp offer a model for scaling expertise and capital across markets. The JV brings together bp’s deep offshore operations and JERA’s stronghold in Asia’s power sector, a fusion seen as critical to lowering LCOEs (Levelized Costs of Energy) and de-risking project pipelines.
In a statement issued by bp, the company noted that the partnership with JERA brings together two companies with complementary skills, capabilities, and market access, underscoring the long-view industrial synergy intended by the venture.
For Ghana and other emerging African economies, the JERA Nex bp venture offers a blueprint worth tracking. With offshore wind potential along the West African coast and increasing interest in energy diversification, partnerships like this illustrate the model of cross-continental collaboration that could unlock financing, talent, and export-ready infrastructure. It also signals the broader shift in how Asian and Western players are co-owning the energy transition, and where Africa might fit in.
As governments sharpen regulatory clarity and green industrial policy gains momentum, the success of JERA Nex bp could inspire next-generation partnerships between Africa and international energy leaders.
