BP and JERA Co. have struck a deal to combine their offshore wind businesses to form a new standalone, joint venture. The combined entity will be called JERA Nex bp. It will be equally owned ... Read

BP and Japanese power generator JERA have agreed to join forces to form one of the world's largest offshore wind operators, a major step in CEO Murray Auchincloss' efforts to reduce BP's focus on renewables.

bp and JERA Co., Inc. have agreed to combine their offshore wind businesses to form a new standalone, equally-owned joint venture that will become one of the largest global offshore wind developers, owners and operators.