Schroders Greencoat Takes 50% Stake in JERA Nex’s 395 MW US Solar Portfolio

Schroders Greencoat, the specialist energy transition arm of Schroders Capital, has acquired a 50% equity stake in JERA Nex’s US solar portfolio, marking a significant partnership between the two global renewable energy players.

The portfolio includes the 300 MW Oxbow Solar Farm in Louisiana—currently the state’s largest—and the 95 MW Happy Solar Farm located in Arkansas. Both facilities are fully operational within the Midcontinent Independent System Operator (MISO) region and are backed by long-term power purchase agreements (PPAs). The Oxbow Solar Farm supplies clean energy to corporate customers, including tech giant eBay, while the Happy Solar Farm powers Conway Corp, the municipal utility in Conway, Arkansas.

JERA Nex, a global renewable energy developer, originally acquired both solar farms from Lightsource bp in 2024. The latest move to bring Schroders Greencoat on board as a 50% stakeholder signals the beginning of a long-term collaboration. With approximately 7 GW of installed capacity across Europe, the UK, the US, and Asia, Schroders Greencoat brings deep operational experience that will complement JERA Nex’s development capabilities.

“The partnership aligns with our long-term vision for owning and operating renewable assets across the US,” said Richard Scott, VP of Global Onshore Construction & Development at JERA Nex. “Schroders Greencoat’s expertise supports our momentum following last year’s acquisitions and our ongoing collaboration with Catalyst Energy Partners.”

David Boyce, CEO of Schroders Greencoat North America, highlighted the strategic importance of the deal. “This acquisition represents a major milestone in our US market expansion. With rising investor demand for North American energy transition projects, we’re excited to build on this partnership and explore further opportunities with JERA Nex.”

Both solar assets will continue to be managed with existing asset management and O&M support structures. Nomura Greentech served as exclusive financial advisor to JERA Nex on the transaction.

The partnership reflects growing global interest in clean energy infrastructure and reinforces both companies’ commitment to supporting the energy transition in North America.