A recently launched offshore wind venture from BP and a Japanese power company plans to largely close up its U.S. operations amid the Trump administration’s hostile stance toward renewable energy.
JERA Nex BP said Wednesday that it would trim its U.S. operations to a “minimal level” and dismiss all of its U.S.-based employees, though the affected number of workers wasn’t immediately clear. The new company from London-based BP and Japan’s JERA was launched in August with a portfolio of 13 gigawatts of potential net generating capacity.
“This decision reflects the challenging macroeconomic and supply chain environment currently facing offshore wind globally, which has impacted the viability of many projects across the sector,” JERA Nex BP spokesperson Sara Jurkowsky said by email.
The venture also has projects off the coast of countries such as Taiwan, Germany and Japan, and it has wind farms under development in the Irish Sea and Australia.
