Schroders Greencoat acquires a 50% stake in JERA Nex’s 395MW US solar portfolio

LONDON, UK AND NEW YORK, USA, August 6, 2025: Schroders Greencoat, the specialist energy transition manager of Schroders Capital, and JERA Nex, the global renewable energy developer, are pleased to announce that Schroders Greencoat has taken a 50% stake in JERA Nex’s US solar portfolio. The portfolio is comprised of the 300MW Oxbow Solar Farm, the largest in the state of Louisiana, and the 95MW Happy Solar Farm in Arkansas.

Both projects are in commercial operation in the Midcontinent Independent System Operator (MISO) region and benefit from long-term power purchase agreements (PPAs). Oxbow Solar Farm provides renewable energy to corporate customers, including eBay, and Happy Solar Farm provides clean power to Conway Corp, the city-owned utility system in Conway, Arkansas.

JERA Nex acquired both projects from Lightsource bp last year. Bringing Schroders Greencoat on board as an equal partner marks the start of a long term relationship. Schroders Greencoat’s experience across its extensive portfolio of renewables and energy transition investments, with about 7GW installed capacity across multiple technologies in Europe, the UK, the US and Asia, will complement JERA Nex’s capabilities and ensure the projects continue to be operated as safely and efficiently as possible. Current Asset Management and O&M support on both projects will remain in place.

Richard Scott, VP Operations, JERA Nex, said: “Working together with like-minded partners is fundamental to our business and growth strategy. Schroders Greencoat’s global operational experience complements our own, and we have a shared vision for long term ownership of renewable energy assets in the US that sets us up for continued success. This new partnership adds to the momentum we have built in the US following the acquisition of Oxbow and Happy last year and our partnership with Catalyst Energy Partners. We look forward to continuing to establish ourselves to meet growing energy demand in the region.”

David Boyce, CEO of Schroders Greencoat North America, said, “We are delighted to be partnering with JERA Nex on these assets and are very much looking forward to a successful global partnership on future opportunities.  This acquisition marks an important milestone for us as we build our portfolio of assets in the US market. There is clear appetite from investors to invest in the North American energy transition, and this transaction underscores our commitment to meeting this client demand.”

Nomura Greentech acted as exclusive financial advisor to JERA Nex.

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NOTES TO EDITORS

MWs are given as MWac. On a DC basis, the projects are 481MWdc; Happy being 135MWdc and Oxbow being 346MWdc.

Contact:

For JERA Nex:

communications@jeranex.com

For Schroders Greencoat:

Rachael Dowers

Media Relations Lead, Private Markets

+44 20 7658 2086

rachael.dowers@schroders.com

Jennifer Manser O’Rourke

Head of Communications, North America

+1 212 632 2947

Jennifer.manser@schroders.com

About JERA Nex

JERA Nex is an onshore renewable energy developer launched by JERA, Japan’s largest power generation company. Headquartered in London, and with a global remit, JERA Nex has a portfolio of onshore renewable assets including wind, solar, and battery storage assets in the Middle East, Asia, and North America. JERA Nex is also a 50% shareholder in JERA Nex bp, JERA’s joint venture with bp, focusing on offshore wind.

JERA Nex aims to be the nexus for the energy transition, connect the dots between green technologies, utilizing JERA’s platform to deliver innovative energy systems and drive decarbonization.

Find out more at www.jeranex.com (http://www.jeranex.com) and follow us on LinkedIn.

About Schroders Greencoat

Schroders Greencoat LLP is the specialist energy transition infrastructure manager within Schroders Capital, with a pioneering track record as one of the longest-established and largest pure-play renewables investors globally. Founded in 2009, the firm has deployed around $19 billion* on behalf of clients investing into wind, solar, bioenergy and other energy transition assets in the UK, Europe, and the United States. Including the wider infrastructure capability within Schroders Capital**, this team of over 130 people with a presence in 8 countries across Europe, the United States and China, manages around 445 energy transition assets* at various project stages, with an aggregate capacity of around 7.7GW*.

For more information, please visit https://www.schrodersgreencoat.com.

* As of 30 June 2025. ** The Schroders Capital Infrastructure pillar today encompasses the energy transition capabilities of the Schroders Greencoat team in Europe and the U.S., the energy transition capabilities of the Schroders Capital Infrastructure Asia team in China, as well as the Schroders Group’s legacy Paris-based infrastructure equity team.

Schroders Capital

Schroders Capital provides investors with access to a broad range of private market investment opportunities, portfolio building blocks and customized private market strategies. Its team focuses on delivering best-in-class, risk-adjusted returns and executing investments through a combination of direct investment capabilities and broader solutions in all private market asset classes, through comingled funds and customized private market mandates.

The team aims to achieve sustainable returns through a rigorous approach and in alignment with a culture characterized by performance, collaboration and integrity.  

With $111 billion (£81 billion; €94.5 billion)* assets under management, Schroders Capital offers a diversified range of investment strategies, including real estate, private equity, secondaries, venture capital, infrastructure, securitized products and asset-based finance, private debt, insurance-linked securities and BlueOrchard (Impact Specialists). 

*Assets under management as of June 30, 2025 (including non-fee earning dry powder and in-house cross holdings)

Important Information: All investments involve risk including the loss of principal. The views shared are those of the author or the individuals quoted and may not reflect the views of Schroders Plc, Schroders Capital or any affiliate. Schroder Investment Management North America Inc, SEC registered, CRD Number 105820.