Author Archives: Low Carbon

25.07.19

VLC Renewables reaches financial close on first phase of 500MW onshore wind farm

 25 July 2019. VLC Renewables (VLCR), the Jersey-based Fund established by Low Carbon and Vitol to invest in renewable energy generation, and LongWing Energy S.C.A. (LongWing) have reached financial close on the first phase of the 500MW Zaporizhia onshore wind farm in southeast Ukraine. Once constructed, the wind farm is expected to be one of the top five largest operating onshore wind generators in Europe powering more than 780,000 homes.

The first phase of the wind farm will have a capacity of 98MW and will be supplied with 27 General Electric (GE) 3.6-137 turbines. Commercial operation is expected to commence in Q2 2020. The wind farm will sell its power into the Ukrainian market through a Power Purchase Agreement (PPA) with a Ukraine state-owned enterprise and will benefit from a 10-year fixed rate feed-in tariff.

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15.05.19

The Committee on Climate Change advice and renewable energy in Wales

The Committee on Climate Change (CCC) has called on the UK government to achieve net-zero carbon emissions by 2050 – an ambitious increase from the current plan of 80 per cent of 1990 levels by 2050.

The UK has already shown remarkable leadership in tackling climate change. This leadership status positions the UK to achieve this new and needed reduction in carbon emissions at a pace not thought possible before the 2016 COP in Paris. Low Carbon have always understood that climate mitigation is not mutually exclusive to business development, innovation and growth. Estimations from the Aldersgate Group indicate that the share of the low-carbon economy will grow from 2 per cent of UK GDP today to 8 per cent by 2030 and 13 per cent by 2050. The CCC’s ambitions for the UK are reflected in trends around the world, with over 415 global investors signing up to the 2018 Global Investor Statement to Governments on Climate Change to demand action – these investors alone manage more than $32 trillion in assets and points to the scope of potential finance available for sustainable products and services.

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29.04.19

Mitigating climate change through private and institutional investment

Roy Bedlow, Low Carbon’s Chief Executive and Founder, discusses the important role that private and institutional investment plays in tackling climate change. 

With the Committee on Climate Change (CCC) due to publish new advice on the UK’s long-term climate targets in the coming days, now seems a good time to ask what next for carbon reduction. Real and impactful changes have been made to our energy generation to support climate mitigation, driven by investors and developers of renewables building sustainable and economic routes to emission reductions, and creating new and vibrant industries alongside.

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12.12.18

10 years on from the Climate Change Act, how far have we come?

Roy Bedlow, Low Carbon’s Chief Executive and Founder explores why the Climate Change Act was so important at the time, and why we now need to be even more ambitious in tackling climate change.  

Low Carbon is committed to making a positive and significant impact on the causes of climate change, and this permeates all the work that we undertake. We pursue, and believe in, a global low-carbon future where we are entirely served by low carbon and renewable power.

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