JERA Nex bp Unveils Elite Leadership Team to Propel Global Offshore Wind Expansion

IN BRIEF) JERA Co., Inc. and bp have announced the leadership team for their new 50-50 offshore wind joint venture, JERA Nex bp, positioning the entity as a global leader in the development, ownership, and operation of offshore wind projects. Led by CEO Nathalie Oosterlinck, the team—comprising key figures from both organizations—aims to accelerate project pipeline development and secure competitive financing. The announcement, made during the signing of a Memorandum of Cooperation in offshore wind power with prominent government officials in attendance, comes as the venture prepares to manage up to 13GW of assets across Europe, Asia Pacific, and the United States, with completion anticipated by the end of Q3 2025.

(PRESS RELEASE) LONDON, 7-Mar-2025 — /EuropaWire/ — JERA Co., Inc. and bp have today introduced the leadership team for their newly established 50-50 offshore wind joint venture, JERA Nex bp, setting the stage for the creation of a leading global developer, owner, and operator in the offshore wind industry. The new entity will be led by CEO Nathalie Oosterlinck, who currently heads JERA Nex, and will benefit from a management team that combines top talent from both organizations. The team includes Erin Eisenberg as CFO, who presently serves as VP Finance for bp’s low carbon energy; Richard Sandford as Chief Development Officer, formerly SVP of offshore wind at bp; Zlati Christov as Chief Investment Officer, maintaining his role at JERA Nex; Eric Antoons as Chief Operating Officer, known for his work as co-CEO of Parkwind; and Alfonso Montero Lopez as Chief Technical Officer, currently VP of offshore wind engineering at bp.

Originally announced in December, the formation of JERA Nex bp is designed to accelerate the development of the combined project pipelines and to improve access to competitive financing, thereby strengthening the portfolio of offshore wind assets. Yukio Kani, Global CEO and Chair of JERA, remarked that the leadership team embodies the best of both companies’ expertise and experience, positioning the venture to play a critical role in the energy transition across Japan, the UK, and other global markets. William Lin, Executive Vice President for Gas and Low Carbon Energy at bp, added that the joint venture enters the market with a world-class team and a robust portfolio of high-quality operating assets and projects, demonstrating the depth of the partnership between the two shareholders.

The announcement was made during the signing ceremony for the Memorandum of Cooperation in offshore wind power, an event attended by high-ranking officials including Yoji Muto, Japan’s Minister of Economy, Trade and Industry; Jonathan Reynolds, UK Secretary of State for Business and Trade; and Julia Longbottom, the British Ambassador to Japan. Subject to regulatory and other approvals, the new entity is expected to command operating and development assets with a potential net generating capacity of 13GW across Europe, the Asia Pacific region, and the United States. Completion of JERA Nex bp is anticipated by the end of the third quarter of 2025, marking a significant milestone in the expansion of offshore wind energy capabilities.

Notes to editors

• Completion of JERA Nex bp is subject to regulatory and other approvals, with completion expected by end of the third quarter of 2025.
• Further information on JERA Nex bp will be shared when it is available and appropriate prior to close.

Cautionary Statement

In order to utilize the ‘safe harbor’ provisions of the United States Private Securities Litigation Reform Act of 1995 (the ‘PSLRA’), bp is providing the following cautionary statement. This press release contains certain forward-looking statements – that is, statements related to future, not past events and circumstances – which may relate to one or more of the financial condition, results of operations and businesses of bp and certain of the plans and objectives of bp with respect to these items. These statements are generally, but not always, identified by the use of words such as ‘will’, ‘expects’, ‘is expected to’, ‘aims’, ‘should’, ‘may’, ‘objective’, ‘is likely to’, ‘intends’, ‘believes’, ‘anticipates’, ‘plans’, ‘we see’ or similar expressions. Actual results may differ from those expressed in such statements, depending on a variety of factors including the risk factors set forth in our most recent Annual Report and Form 20-F under “Risk factors” and in any of our more recent public reports.

Our most recent Annual Report and Form 20-F and other period filings are available on our website at www.bp.com, or can be obtained from the SEC by calling 1-800-SEC-0330 or on its website at www.sec.gov.

Media Contacts:

bp press office, London: +44 (0)78347 10054, +44 (0)7787 685821, bppress@bp.com

JERA Nex press office: communications@jeranex.com

SOURCE: BP p.l.c.