The Latest Sustainable Energy News from 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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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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09.04.18

Low Carbon shortlisted for two Renewable Energy Association Awards

The Low Carbon team is delighted to be recognised for two major projects, which have been shortlisted in the 2018 British Renewable Energy Association Awards.

The team has been shortlisted in both the Energy Storage and Sustainability categories, with the awards to be presented at a gala event at the Savoy on 14 June.

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