JERA Nex Strengthens US Footprint with Acquisition of 395MW Solar Farms from Lightsource bp

JERA Nex, the global renewable energy arm of JERA, has announced the acquisition of two solar projects in the United States totaling 395MW AC from Lightsource bp, a leading developer and manager of solar energy and energy storage projects.

This transaction marks JERA Nex’s first acquisition since its launch in April and introduces its initial US solar assets: the 300MW Oxbow solar farm in Louisiana—the largest in the state—and the 95MW Happy solar farm in Arkansas. Both projects are operational, with Happy under a long-term power purchase agreement (PPA) with Conway Corp, and Oxbow secured with PPAs from corporate clients including eBay. Lightsource bp played a key role in working with local communities to develop these sites.

Richard Scott, VP for Development and Construction Onshore at JERA Nex, expressed enthusiasm for the expansion: “We are thrilled to enter the US solar market with these projects. This acquisition highlights our commitment to scaling onshore and offshore renewables and developing a broader renewables portfolio both in the US and globally. We are eager to collaborate with local communities and customers to continue delivering clean, sustainable energy.”

Under the agreement, Lightsource bp will continue to provide asset management and operational services to ensure a smooth transition and ongoing support for the local community and customers.

Emilie Wangerman, Chief Operating Officer of Lightsource bp US, commented, “Finding a reliable and like-minded partner was crucial for us, and we are confident that JERA Nex will continue to uphold the high standards of these solar farms. Our continued involvement in asset management will ensure a seamless experience for our project partners.”

John O’Brien, Chief Operating Officer of JERA Americas, added, “We are pleased to have successfully concluded this transaction with Lightsource bp, aligning with JERA’s net-zero ambitions. We look forward to exploring further renewable energy opportunities with JERA Nex and other partners.”