Oceanbeat West is a planned offshore wind farm in the German North Sea, expected to deliver roughly 4 GW of generating capacity. Awarded as part of Germany’s 2023 offshore auction round, the site (BSH plot N-12.2) sits alongside its sister scheme Oceanbeat East and is being progressed under the j...
Owners
bp and JERA completed the formation of JERA Nex bp, an equally owned offshore wind joint venture combining each company’s offshore wind assets, including development projects such as Oceanbeat East and Oceanbeat West in Germany’s North Sea. Announced on 6 August 2025, the new JV is positioned as one of the largest global offshore wind developers, owners and operators, with a net potential generating capacity of 13 GW comprising around 1 GW of installed capacity, a 7.5 GW development pipeline and a further 4.5 GW of secured leases across nine countries. By bringing together bp’s offshore wind portfolio, including the Oceanbeat projects, with JERA’s assets and its JERA Nex platform, the partners aim to leverage their combined experience, relationships and purchasing power to scale offshore wind development. The company is headquartered in London with offices across Europe, Asia, the U.S. and Australasia.
bp and JERA agreed on 9 December 2024 to combine their offshore wind businesses into a new 50:50 joint venture called JERA Nex bp, which will own and develop a global portfolio including the German North Sea projects Oceanbeat East and Oceanbeat West. Oceanbeat West, listed in the JV asset table as a 2,102 MW development project, is thus transferred from bp’s sole offshore wind portfolio into the newly formed JERA Nex bp platform, supported by up to $5.8 billion of partner funding for investments committed before end-2030.
Upgrade to access detailed cable specifications, supply chain data, projected timeline, financial analysis, and more.
BP N-12.2, bp N-12.2, N-12.2, Oceanbeat West (N-12.2)
bp and JERA agreed to combine their offshore wind businesses into the 50:50 joint venture JERA Nex bp and to provide up to $5.8 billion of capital funding for offshore wind investments committed before end-2030, with Oceanbeat West included among the JV’s development projects.
bp has committed to paying several billion euros in fees for the right to build the Oceanbeat East and Oceanbeat West offshore wind farms under Germany’s uncapped negative-bidding auction design, with 10% of the total payable upfront and the remainder spread over 20 years once the projects are operational.
In the 2023 German offshore wind auction, bp was awarded the contract to develop two North Sea wind farms, Oceanbeat East and Oceanbeat West, with a combined potential generating capacity of about 4 GW in Germany’s North Sea. The projects, including Oceanbeat West on site N-12.2, are being developed by JERA Nex bp and are currently in the developing stage.
Showing historic events only. Subscribe for the full timeline including projected milestones.