Overview

• 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.