The Latest Sustainable Energy News from Low Carbon

Low Carbon continues to strengthen leadership team

New hire to drive marketing at renewable investment company 

London, UK – 18th February 2014 – Today Low Carbon, the renewable energy investment company, announces the appointment of Quentin Scott as marketing director. Scott’s appointment will be the company’s second hire in the senior leadership team in the last three months.

Quentin Scott will be responsible for delivering integrated marketing programmes aimed at increasing awareness for the brand among specific target markets including developers, industry influencers and investors.

Prior to joining Low Carbon, Quentin was the UK marketing director at BlackBerry bringing more than 16 years of experience building brand awareness in business-to-business and business-to-consumer environments.

Roy Bedlow, chief executive, Low Carbon, comments, “Quentin will be an integral addition to Low Carbon as he has the skill set to take a complex topic such as climate change and communicate it in a simple and digestible way which enables people to understand how they can make an impact to address this issue. Further to this, as the organisation continues to grow, supporting this growth with a strong senior leadership team will be crucial. ”

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About Low Carbon 

Low Carbon is a privately owned investment company, committed to the development and operation of renewable energy power production. Low Carbon invests into both renewable energy developers and projects across a range of renewable energy technologies including solar, wind, anaerobic digestion and concentrated solar power. Low Carbon has a strong management team with a proven track record in development, construction, financing and management of UK solar assets, with over 180MW funded and in construction and operation today. Low Carbon remains involved in the projects for the long term. Low Carbon has a dedicated asset management team that currently manages assets on balance sheet and for third parties (unlisted and listed).

Low Carbon and Macquarie 300MW UK solar project builds momentum

 Latest phase includes a further two sites producing 34MW of solar power 

London, 16 January 2014 – Low Carbon, the renewable energy investment company, and Macquarie Capital have today announced the launch of the second phase of their collaboration revealed last year. The latest two sites will produce 34MW of solar power, sufficient energy to power almost 10,000 homes per year (based on OFGEM estimates).

The sites based in Wiltshire and East Anglia are set be operational in the first half of 2014, and will produce 13MW and 21MW respectively.

In November 2013, Low Carbon and Macquarie announced that they would be collaborating to deliver a portfolio of up to 300MW solar projects in the UK, of which Macquarie would provide the construction funding. The first phase included three sites already in construction, on track to deliver 26MW in the first half of 2014. The arrangement will see a series of solar photovoltaic (PV) projects that could power up to 100,000 homes per year. This second phase marks the fourth and fifth sites to go into construction following the agreement.

John Cole, chief investment officer at Low Carbon said: “We’ve really hit the ground running in 2014 and are excited to get another two sites into construction from this investment. These projects demonstrate again our ability to quickly and effectively manage and package low risk renewables projects for investment. We are firmly committed to creating a low carbon future by reducing carbon emissions whilst making use of technological advances in photovoltaics to provide returns to investors. This is reflected in what we are trying to achieve in this project.” 

Mark Dooley, Head of Development Capital at Macquarie commented: “The funding of two further projects within six weeks demonstrates the effectiveness of the partnership model Macquarie has developed together with Low Carbon. Macquarie’s funding solution has enabled the Low Carbon team to continue to focus on developing and preparing projects for investment, while allowing Macquarie to deploy capital quickly and efficiently into high quality renewable energy investments.” 

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About Low Carbon 

Low Carbon is a privately owned investment company, committed to the development and operation of renewable energy power production. Low Carbon invests into both renewable energy developers and projects across a range of renewable energy technologies including solar, wind, anaerobic digestion and concentrated solar power. Low Carbon has a strong management team with a proven track record in development, construction, financing and management of UK solar assets, with over 160MW funded and in construction and operation today. Low Carbon remains involved in the projects for the long term. Low Carbon has a dedicated asset management team that currently manages assets on balance sheet and for third parties (unlisted and listed).

About Macquarie Group 

Macquarie Group (Macquarie) is a leading provider of banking, financing, advisory, investment and fund management services. The Group has offices in all major financial centres. Founded in 1969, Macquarie employs more than 13,900 people in 28 countries. At 30 September 2013, Macquarie had assets under management of £222 billion.

Low Carbon boosts leadership team

Strategic appointment to drive investor relations and business development at renewable investment company

 

London, UK –  December 2013 – Today Low Carbon, the renewable investment company, announces the appointment of Louise Ward as investor relations director. Louise will oversee investor relations for Low Carbon and lead fundraising for third party capital, building out its presence in the investor community.

The International Energy Agency estimates that £9.9 trillion is needed to combat climate change and minimise greenhouse gas emissions globally. Low Carbon is helping to fill this void, having recognised that renewable energy offers an attractive, low-risk long-hold investment with good returns.

The long-term, stable cash flows generated by renewable energy developments make them an ideal investment for insurance and pension funds. Louise will help Low Carbon to capitalise the growing interest in renewable energy by developing its relationships within the investor community.

Louise has more than 10 years of private equity experience in lower and mid-market buyout and secondary funds, and has closed three funds, including more than €3 billion of capital raised, since 2008. She joins Low Carbon from 17Capital LLP, where she was investor relations manager. Previously, Louise has held investor relations roles at Montagu Private Equity and August Equity LLP.

Roy Bedlow, chief executive, Low Carbon, comments, “Louise will play a key role in helping Low Carbon to deliver on its commitment to the development and operation of renewable energy power production. Louise will continue to strengthen our presence amongst the investor community will help us to deliver a sustainable future by reducing carbon emissions in line with targets from the Committee on Climate Change.”

 

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About Low Carbon

Low Carbon is a privately owned investment company, committed to the development and operation of renewable energy power production.  Low Carbon invests into both renewable energy developers and projects across a range of renewable energy technologies including wind, solar and anaerobic digestion.  Low Carbon has a strong management team with a proven track record in development, construction, financing and management of UK solar assets, with over 160 MW funded and in construction and operation today.  Low Carbon remains involved in the projects for the long term.  Low Carbon has a dedicated asset management team that currently manages assets on balance sheet and for third parties (unlisted and listed).

 

Low Carbon and Macquarie target 300MW of UK Solar

 First stage of the project to commence November 2013, with sites scheduled to be operational from February 2014 

London, 27 November 2013 – Low Carbon, the renewable energy investment company, and Macquarie Capital are collaborating to deliver a portfolio of up to 300MW solar projects in the UK.

The arrangement relates to the funding required to construct a portfolio of solar projects that could power up to 100,000 homes per year, supporting Low Carbon and Macquarie Capital’s joint aim to accelerate and deliver renewable energy sources in the UK.

The transaction demonstrates the ability of Low Carbon to work with a portfolio of developers to manage and package low-risk projects for investment. Through the collaboration, Macquarie intends to provide construction funding to well developed, investment-ready renewable energy projects.

The first phase of the collaboration will total 25.7MWp with an investment of up to £29m to fund the construction of three ground mounted photovoltaic (PV) solar projects, two based in Cornwall and one in Wales

John Cole, chief investment officer at Low Carbon said: This transaction highlights the continued and rapid growth of Low Carbon’s business, following on from the successful development, construction and operation of over 160 MW of solar parks we have invested in so far. Low Carbon aim to direct investment into projects that not only provide returns to investors, but also offer a sustainable energy alternative to fossil fuels. We have a pipeline of future projects under development and look forward to continuing our successful collaboration with Macquarie Capital with the aim of making an impact on climate change.” 

Mark Dooley, Head of Development Capital at Macquarie commented:”The collaboration with Low Carbon in relation to construction funding of their pipeline of UK Solar projects demonstrates the ongoing commitment that Macquarie Capital has to finance power and renewable energy businesses in Europe. We are delighted to be able to support the Low Carbon team to build out their development pipeline and hope to continue to support management to achieve their wider strategic aims through this phase of rapid growth.” 

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About Low Carbon 

Low Carbon is a privately owned investment company, committed to the development and operation of renewable energy power production. Low Carbon invests into both renewable energy developers and projects across a range of renewable energy technologies including wind, solar and anaerobic digestion. Low Carbon has a strong management team with a proven track record in development, construction, financing and management of UK solar assets, with over 160 MW funded and in construction and operation today. Low Carbon remains involved in the projects for the long term. Low Carbon has a dedicated asset management team that currently manages assets on balance sheet and for third parties (unlisted and listed).