Japan's JERA Plans IPO to Accelerate Green Energy Expansion

JERA, Japan's largest utility, is considering an IPO to fund a significant increase in renewable energy projects, aiming for 20 gigawatts by 2035.

JERA, a joint venture between Tokyo Electric Power Company and Chubu Electric Power, is exploring an IPO to finance its renewable energy goals.
The utility plans to develop a 20 gigawatt renewable capacity by 2035, which is about six times its current pipeline.
JERA has recently established a green unit in London, JERA Nex, to capitalize on Europe's expertise in offshore wind and access to capital markets.
The company has made substantial investments in renewables, including acquiring European offshore wind operator Parkwind and a stake in Woodside Energy Group’s LNG project.
JERA's new strategy, set to be unveiled in May, will outline further steps towards achieving net-zero emissions by 2050.