BP and JERA to Form World's Largest Offshore Wind JV with $5.8B Investment

Dec 9, 2024, 09:49 AM

BP and JERA, Japan's largest power producer, have announced a strategic partnership to merge their offshore wind businesses. The joint venture, set to be established in September 2025, will see an investment of up to $5.8 billion. This move aims to create one of the world's largest offshore wind operations, combining the resources and expertise of both companies to expand their renewable energy portfolios.