BP and Jera to form a $5.8bn joint venture.

BP, an oil and petrochemicals company, and Jera, a power generation company, agreed to form a $5.8bn joint venture. “We are very pleased to have reached agreement with JERA to form a top five wind developer globally. This will be a very strong vehicle to grow into an electrifying world, while maintaining a capital-light model for our shareholders. We very much look forward to combining our strengths in Europe and Asia-Pacific to create another innovative platform,” Murray Auchincloss, BP CEO.