Redcar Energy Centre proceeds to next stage of BEIS’s industrial carbon capture (ICC) sequencing process

27.09.22

Low Carbon and PMAC Energy are delighted to announce that the Redcar Energy Centre has been shortlisted to proceed to the due diligence stage of the Department for Business, Energy, and Industrial Strategy (BEIS) phase-2 ICC sequencing process.

Redcar Energy Centre (REC) now has the opportunity to be one of the first energy recovery facilities in the world with a carbon capture solution, enhancing the UK’s net zero commitment by 2050 and bringing economic opportunities to the North East. Once complete, the energy centre will also operate as benchmark for other EfW facilities in the UK looking to implement carbon capture.

Read More...

Low Carbon partners with Rezolv Energy to deliver one of Europe’s highest capacity wind farms

07.09.22

Low Carbon has announced that it is collaborating with Rezolv Energy, an independent clean energy power producer focused on sustainable power in Central and South Eastern Europe, to deliver a 450MW onshore wind farm in Romania. The deal represents one of the renewable energy investment manager’s largest projects to date by energy output.

The Vis Viva wind farm will be located to the east of the Romanian capital Bucharest and, once operational, it will be one of Europe’s largest onshore wind farms. Rezolv Energy, recently launched by Actis – a leading global investor in sustainable infrastructure – has acquired a 51% stake in the project.

Read More...

Low Carbon reaches financial close on a £230m financing facility with NatWest, Lloyds Bank and AIB to construct 1GW of solar PV capacity

30.08.22

The projects will have the potential to provide clean, affordable power to more than 360,000 homes and avoid 308,000 tonnes of CO2e

Low Carbon has established an innovative finance facility with three leading commercial banks, NatWest, Lloyds Bank and AIB, as the renewable energy investment leader’s rapid growth trajectory continues.

Read More...

Low Carbon recognised as one of the world’s leading B Corps for environmental impact

13.07.22

“Exceptional” environmental practices see Low Carbon placed among the top five per cent of B Corps worldwide

Low Carbon Limited has been named among the top five per cent of B Corporations® globally for its environmental impact, recognising the renewable energy investor’s contribution to the fight against climate change.

Read More...

Low Carbon closes deal for 29.5MW Mörknässkogen wind farm in Finland

04.04.22

Low Carbon has announced that it has reached financial close on the Mörknässkogen wind farm in Finland. With a capacity of 29.5MW generated from five N163 5.9MW Nordex turbines, the project forms part of the company’s exclusive development pipeline of more than 120MW across the country.

The site on the west coast of Finland, near the city of Vaasa, is set to become Low Carbon’s first operational wind farm in the country, with commercial operations expected to commence in Q4 2023.

Read More...