From Yahoo Finance: 2025-03-28 10:52:00

JERA and EDF Trading are expanding their joint venture, JERA Global Markets, to include Japanese power trading effective from 1 April 2025. The integration merges the Japanese power trading businesses of both companies, aligning with JERA Global Markets’ global operations. JERA holds a 66.6% stake, and EDF Trading holds 33.3%.

The collaboration between JERA and EDF Trading, established in 2008, is strengthened by the expansion into Japanese power trading. The integrated activities will leverage JERA Global Markets’ trading platform, governance, and risk management frameworks. Operations will be based in Tokyo with a team of 50 professionals.

JERA and bp have agreed to merge their offshore wind operations into a joint venture named JERA Nex bp, with a potential net generating capacity of 13GW. This 50:50 joint venture aims to become a leading global offshore wind developer, owner, and operator. The companies will combine their offshore wind assets and expertise.

JERA Global Markets CEO Justin Rowland expressed optimism about Japanese power trading, highlighting opportunities for greater optimisation and flexibility across the energy value chain. With a focus on promoting liquidity in the Japanese power market, the collaboration aims to support market efficiencies and enhance trading capabilities.

Read more: JERA and EDF Trading merge Japanese power trades into JERA Global Markets