Japan’s largest power firm expands US footprint with 395MW solar farms acquisition

The company confirmed on Tuesday that JERA Nex has announced a major expansion of its operational footprint in the US.

JERA Nex, the dedicated global renewable energy business subsidiary of Japan’s largest power company JERA, has announced a major expansion of its operational footprint in the U.S.

The company confirmed on Tuesday that it had acquired its first two solar projects stateside with a total capacity of 395MW from Lightsource BP. They include the 300MW Oxbow solar farm in Louisiana, the largest in the state, and the 95MW Happy solar farm in Arkansas.

It is first transaction by JERA Nex since the London-headquartered subsidiary’s launch in April. Both signatories to the deal said Lightsource BP has “worked closely with local communities” in both U.S. states to develop the sites.

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Source: Forbes

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