With an investment strategy centred on large scale renewable energy projects in Europe and selected global markets, the highly experienced Fund Management team is able to access high-quality projects, many of which are “off-market”.

The team has already secured a number of Low Carbon projects and continues build a portfolio diversified across geography, technology, currency and offtake arrangements.

A significant current project is the 500MW Zaporizhia onshore wind farm in southeast Ukraine.

Project: The Zaporizhia wind farm

Low Carbon in partnership with Vitol and LongWing Energy S.C.A. (LongWing) in July 2019 reached financial close on the first phase of the Zaporizhia onshore wind farm.

Once constructed, the 500MW wind farm in southeast Ukraine, is expected to be one of the top five largest operating onshore wind generators in Europe.

Senior debt financing is being provided by the Overseas Private Investment Corporation (OPIC). Other investors in the scheme include GE Energy Financial Services.

Once constructed, the wind park is expected to be one of the top five largest operating onshore wind generators in Europe.

 

 

* Internal Low Carbon calculations; UKRSTAT

Capacity:
500MW. Once constructed, the Zaporizhia wind farm is expected to be one of the top five largest operating onshore wind sites in Europe

Turbines:
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.

Power Purchase Agreement (PPA):
The wind farm will sell its power into the Ukrainian market through a Power Purchase Agreement (PPA) with Energorynok, Ukraine’s state-owned enterprise and will benefit from a 10-year fixed rate feed-in tariff.

Homes powered: 780,000
The Zaporizhia wind farm is expected to generate enough clean energy to power more than 780,000* homes and offsetting 4,860,000* tons of carbon emissions.

Case studies