Jera Nex Expands into the US Solar Market with Major Acquisition from Lightsource BP
Jera Nex, the global renewable energy arm of Jera, has made a powerful entry into the US solar market by acquiring two significant solar projects totaling 395MWac from Lightsource BP. This marks the first major transaction by Jera Nex since its launch in April, and it’s already setting the stage for ambitious growth in the renewable energy sector! The acquisition includes two major solar farms now under Jera Nex’s portfolio: the 300MW Oxbow Solar Farm in Louisiana—the largest in the state—and the 95MW Happy Solar Farm in Arkansas. Both of these projects are already operational and are providing clean, renewable energy to their customers.
Lightsource BP, known for its close collaboration with local communities, played a crucial role in the development of these sites. This local engagement ensures that the projects are not only environmentally sustainable but also socially responsible, benefiting the communities they serve. The Happy Solar Farm in Arkansas has secured a long-term Power Purchase Agreement (PPA) with Conway Corp, the city-owned utility system in Conway, Arkansas. Meanwhile, the Oxbow Solar Farm in Louisiana has inked long-term PPAs with major corporate customers, including eBay. These agreements guarantee a stable revenue stream and highlight the growing demand for clean energy among both public and private sectors. Richard Scott, Vice President for Development and Construction Onshore at Jera Nex, expressed his excitement about the acquisition: “We are delighted to take our first step into the US solar market with the acquisition of these projects. This first transaction since our recent launch is an indication of our ambitious plans to scale onshore and offshore renewables for a sustainable future. We hope to build a broader onshore renewables portfolio in the US and globally.”
Scott also praised Lightsource BP for their exceptional reputation in delivering high-quality solar farms: “Lightsource BP has an excellent reputation for delivering high-quality solar farms, and that is exactly what we have acquired with Oxbow and Happy. We look forward to working with the local communities and customers to provide clean and sustainable energy in the years to come.” As part of the agreement, Lightsource BP will continue to provide asset management and operations & maintenance (O&M) services to Jera Nex, ensuring a seamless transition and continued success for the solar farms. This partnership ensures that the local communities and customers will continue to receive top-tier service and sustainable energy. Emilie Wangerman, Chief Operating Officer of Lightsource BP US, echoed the importance of finding a reliable partner in Jera Nex: “It was very important to Lightsource BP to find a reliable and like-minded partner for projects that are integral to the local community. We are proud of the successful development of these solar farms and confident that they will continue to thrive under the stewardship of Jera Nex.” With this acquisition, Jera Nex is poised to make a significant impact on the US renewable energy landscape, bringing clean, sustainable energy to more communities and helping to drive the global energy transition forward. Stay tuned for more exciting developments from Jera Nex! #RenewableEnergy #SolarPower #USMarket #JeraNex #LightsourceBP #Sustainability #CleanEnergy #OxbowSolar #HappySolar #EnergyTransition #GreenEnergy