Low Carbon, a leading renewable energy company, has secured a significant investment of $1.4 billion from CVC Digital Infrastructure Fund (DIF) and its investors. This funding is designed to expedite the development, construction and operation of high-quality renewable assets throughout the UK and Europe. Under chief executive Roy Bedlow, Low Carbon is at the forefront of efforts to maximise and diversify its independent power production. The company has a strong commitment to advancing the energy transition in the region.
The investment will allow Low Carbon to accelerate its growth across core markets, including the UK, Germany and Poland. So, the company is indeed preparing to launch this 3 GW portfolio. In the coming years, this portfolio will grow to include operational new utility-scale solar, battery storage, onshore wind, and colocated assets. This ambitious plan is meant to reinforce the UK government’s Clean Power 2030 plan. This includes a goal to double onshore wind capacity and triple the installations of solar photovoltaic (PV) systems.
Commitment to Clean Power 2030
Their Clean Power 2030 plan, launched last year, provides a detailed blueprint for the UK’s transition to 100 percent renewable energy. However, to achieve its ambitious targets, the plan needs an estimated £40 billion of annual investment. Low Carbon’s efforts will significantly contribute toward achieving these goals, showcasing the company’s commitment to supporting the UK’s shift towards sustainable energy sources.
This much-needed development is only possible because of the strong support Roy Bedlow found from investors in CVC DIF. He underscored just how meaningful of an investment this is to Low Carbon’s mission to combat climate change. This will enable them to deliver the most competitive renewable assets across the UK and wider Europe.
“I would like to thank CVC DIF and their investors for the confidence they have placed in Low Carbon and our ability to develop, build and operate high-quality renewable assets in the UK and Europe.” – Roy Bedlow
Strategic Focus on Renewable Assets
Low Carbon’s strategic focus is on utility-scale solar, battery storage, onshore wind and colocated assets. This strategy places the company in the heart of today’s booming renewable energy industry. It allows the company to better address the growing demand for innovative clean energy solutions. CVC DIF’s investment is a testament to their deep conviction in Low Carbon’s capabilities. They have great confidence in Low Carbon’s ability to creatively operate in this evolving market.
MassMutual’s announcement once again reiterates the company’s commitment to Low Carbon, signaling a mutual desire to develop sustainable energy and infrastructure.
“In addition, MassMutual’s continued investment in Low Carbon underlines our shared ambition of delivering long-term value across the full investment cycle of renewables that will help accelerate our goal to deploy renewable energy at scale to help tackle climate change.” – MassMutual
Future Growth and Expansion
With this strategic investment, Low Carbon is poised to accelerate its extraordinary growth trajectory and become one of the global leaders in the rapidly expanding renewable energy market. The company’s plans not only fit into the direction that governments are moving in – both here and around the world – but embody the global shift toward sustainability.
Low Carbon is pushing ahead on its projects in multiple countries. Its ambition is to be at the heart of making Europe’s energy transition fit for the future. Now, the backing of CVC DIF and its investors provides a big vote of confidence for making those ambitions a reality.
