JERA renewable energy unit acquires 395 MW solar projects in US

The two projects are commercially operating.

JERA’s renewable energy business JERA Nex has acquired two US solar projects totaling 395 megawatts (MW) from Lightsource bp, marking its first transaction since its launch in April. 

In a statement, JERA said the assets are the 300 MW Oxbow solar farm in Louisiana, the largest in the state, and the 95 MW Happy solar farm in Arkansas. Both are in commercial operation, with the former having a long-term power purchase agreement (PPA) with corporate customers including eBay, and the latter having a PPA with city-owned utility system Conway Corp.

Lightsource bp will continue to provide asset management and operations and maintenance services to JERA Nex as part of the agreement.