Renewable energy company JERA Nex announced the purchase of two 395 MW solar power projects from Lightsource bp, marking the company’s new entry into the US solar power market. JERA Nex was launched in April by Japan’s largest energy production company, JERA, with the mandate to develop, manufacture, maintain and manage energy resources. renewables, including onshore and offshore wind and solar, and battery storage. This announcement is the company’s first sale to date. The two sites are the 300 MW Oxbow Solar Farm in Louisiana, the largest in the state, and the 95 MW Happy Solar Farm in Arkansas.
The Happy Project has a long-term power purchase agreement (PPA) with Conway Corp, a municipal utility system in Conway, Ark. Oxbow has long-term PPAs with institutional buyers, including eBay. JERA Nex said the acquisition will contribute to JERA’s ambition to develop 20 GW of renewable energy by 2035. The US solar market and the sale of these projects. This first transaction since our recent launch reflects our ambitious plans to expand into onshore and offshore renewable energy. We hope to create a broad spectrum for onshore renewable energy in the US and around the world. As part of the agreement, Lightsource bp will continue to provide asset management and management and maintenance services to the solar farms.