Japan “fossil fuel dinosaur” launches massive 20GW global renewables platform
Jera, Japan’s largest power company and one of the largest thermal power producers in the world, has announced the launch of a major new global renewables business, becoming the latest fossil giant to act on the existential threat of net zero to its business model. Based out of the U.K., the new company – called Jera Nex – will be tasked with delivering on Jera’s stated ambition to develop a massive 20GW of renewable capacity by 2035, enough to power millions of homes.