Author Archives: Low Carbon

19.10.18

Low carbon generation: investors are ready to invest, just provide the market

The decision by Secretary of State for Energy and Clean Growth Claire Perry to bring in a new round of Contracts for Difference auctions is to be welcomed, especially if they are opened up to less established technologies like onshore wind and solar.

But, for all the fanfare, the announcement cannot not detract from the fact that investment in renewables has been falling steadily in the UK since 2015 and is now at its lowest point in a decade. The Environmental Audit Committee’s recent report found that cash investments into renewables fell 10% in 2016 and a further 56% in 2017 – and it may well be the case that 2018 sees a further decline.

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05.09.18

Guest blog: Closure of the FiT, investors need a positive signal

On our guest blog, Stephen Roberts – Associate Political Consultant at The Whitehouse Consultancy – discusses the potential impacts of the FiT closure. 

The Whitehouse Consultancy is an award-winning issues-led communications agency with expertise in the infrastructure, transport, energy and environment space.

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17.07.18

Vitol and Low Carbon close Renewables Fund

Fund to commence investment in renewable energy projects

17 July 2018. Low Carbon and Vitol today announce the closing of a Jersey-based fund, VLC Renewables ⃰, focussed on generating significant investment into renewable energy assets across Europe.

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12.07.18

UrbanVolt signs $65m funding deal with UK investment firm Low Carbon

Deal will fund company’s international expansion

12 July 2018. UrbanVolt, the Irish company which established the Light as a Service business model, has signed a $65 million funding deal with UK investment company Low Carbon. In the biggest deal of its kind to date, the investment will be used to deliver energy efficiency projects across the US, UK and Continental Europe. UrbanVolt and Low Carbon share a common mission to reduce global energy consumption and have a measureable and positive impact on the environment. The greenhouse gas emissions which will be saved as a direct result of this investment is the equivalent of permanently removing every single car which commutes into Manhattan during rush hour.

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08.01.18

VLC Energy unveils UK’s largest battery storage portfolio

8 January 2018. VLC Energy has announced the completion of the UK’s largest portfolio of utility-scale, enhanced frequency response battery storage sites to support grid flexibility and increase reliance on low-carbon forms of electricity generation. VLC Energy is a joint venture between Low Carbon, a renewable energy investment company, and VPI Immingham, owner of one of the largest combined heat and power plants in Europe and part of the Vitol Group.

The 50MW portfolio, which is now grid connected, spans two sites including a 40MW battery park in Glassenbury in Kent and a 10 MW battery park located at Cleator in Cumbria. The two sites secured contracts as part of 2016’s 200MW National Grid Enhanced Frequency Response (EFR) auction, and will deliver a quarter of the auction’s capacity.

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