JERA Agrees to Transfer Shares in the Carroll County Gas-Fired IPP Project in the United States2025/10/03

JERA Co., Inc. ("JERA") announced today it has agreed to transfer its 20% interest in the Carroll County gas-fired IPP Project to Strategic Value Partners, LLC, a US-based investment firm. 

JERA, which hold the interest through its subsidiary JERA Americas Inc., will reinvest the proceeds as it continues to optimize its asset allocation in the changing business environment in the U.S. This approach will enable the company to adapt to evolving market conditions, achieve an optimal asset mix, and drive future revenue growth.

About JERA
JERA is a global energy leader and Japan’s largest power generation company focused on providing cutting-edge solutions to the world's energy issues. Established in 2015, the Company produces one-third of Japan’s electricity, and is one of the largest LNG buyers in the world. JERA has global reach and strength throughout the energy supply chain, from participation in LNG upstream projects and fuel procurement, through fuel transportation to power generation. In support of a responsible energy transition, JERA has committed to achieving net-zero CO₂ emissions from its domestic and overseas businesses by 2050. 

Overview of Carroll County Gas Thermal IPP Project