Japan's JERA creates global renewables-focused unit in Britain [Reuters]
TOKYO ELEC PWR UNSP/ADR (TKECY)
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Source: Reuters
it seeks to increase low-carbon investments to meet decarbonisation targets, the head of the new unit told Reuters. Named JERA Nex, the unit will develop, invest in, own and operate renewable energy projects such as onshore and offshore wind, solar energy and battery storage. Starting with a 3 GW portfolio of renewables assets, it aims to develop 20 gigawatts (GW) of renewables capacity by 2035 and is considering investments across the globe as well as in its home market Japan, its chief executive Nathalie Oosterlinck said. She said the unit would focus on adding capacity through selected acquisitions and partnerships as well as developing projects alone. JERA is a joint venture between Tokyo Electric Power Company Holdings (9501.T) New Tab , opens new tab and Chubu Electric Power Co Inc (9502.T) New Tab , opens new tab . It aims to achieve net zero carbon dioxide emissions by 2050. Last year, it bought Parkwind, Belgium's largest offshore wind platform. A consortium m
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