JERA Nex, the global renewable energy division of JERA, has expanded its international presence with the acquisition of two solar projects in the US, totalling 395MW of alternating current, from Lightsource bp.
This marks the first acquisition by JERA Nex since its inception in April 2024 and introduces the first US solar assets into its portfolio.
The acquired assets include the 300MW Oxbow solar farm - the largest in Louisiana - and the 95MW Happy solar farm in Arkansas. Both are currently operational.
The Happy solar farm has a long-term power purchase agreement (PPA) with Conway Corp., a city-owned utility in Conway, Arkansas.
Oxbow has secured long-term PPA agreements with two prominent corporations, McDonald’s and eBay.
JERA Nex vice-president for development and construction onshore Richard Scott stated: “We are delighted to take our first step into the US solar market with the acquisition of these projects.
“This first transaction since our recent launch is an indication of our ambitious plans to scale onshore and offshore renewables for a sustainable future. We hope to build a broader onshore renewables portfolio in the US and globally.
“Lightsource bp has an excellent reputation for delivering high-quality solar farms and that is exactly what we have acquired with Oxbow and Happy. We look forward to working with the local communities and customers to provide clean and sustainable energy in the years to come.”
Lightsource bp will continue to offer asset management and operations and maintenance services to JERA Nex.
Lightsource bp US chief operating officer Emilie Wangerman stated: “It was very important to Lightsource bp to find a reliable and like-minded partner for projects that are integral to the local community.
“We are proud of the successful development of these solar farms and confident that they will continue to thrive under the stewardship of JERA Nex.
“Lightsource bp’s involvement in their operations through asset management services will further enable a seamless experience for our important project partners.”
