Low Carbon has successfully secured the necessary funding for its ambitious portfolio of green energy projects, totaling 385 megawatts (MW). Securing funding for solar and battery storage projects marks a significant milestone in Low Carbon’s commitment to bolstering renewable energy capacity in the United Kingdom.
The leading UK-based renewable energy company announced on Tuesday that construction at the project sites is set to commence early this year, thanks to the financial backing in place. Low Carbon’s strategy includes the installation of 290 MW of solar parks, capable of generating electricity equivalent to the annual consumption of approximately 85,000 local homes. They’re also installing 95 MW of battery storage capacity, strategically positioned to make the most of our renewable resources.
These projects are part of a broader 3-gigawatt (GW) pipeline of solar photovoltaic (PV) and energy storage schemes across the UK, all contributing to Low Carbon’s ambitious target of delivering 20 GW of renewable energy capacity by 2030. The company has been making significant strides in expanding its presence both domestically and internationally, highlighted by its success in the UK government’s recent Contract for Difference (CfD) auction, where it secured contracts for ten solar projects with a combined capacity exceeding 350 MWp.
Steve Mack, Low Carbon’s Chief Investment Officer, emphasized the pivotal role these projects play in the UK’s journey toward achieving its net-zero emissions goal by 2050. Low Carbon’s dedication to sustainable energy solutions aligns seamlessly with the broader global objective of combatting climate change and reducing reliance on traditional fossil fuels.
With the secured funding, Low Carbon is well-positioned to drive the transition to clean, renewable energy sources within the UK. Through these solar and battery storage initiatives, the company is not only poised to reshape the renewable energy landscape but also pave the way for a more sustainable and environmentally-friendly future.
Low Carbon’s unwavering commitment to green energy projects underscores the company’s pivotal role in shaping the UK’s renewable energy landscape and contributing to a greener, more sustainable future.
