Project Finance Brief: Low Carbon Raises $265 Million for 1 GW of Renewable Projects
Eksfin provided $102 Million in guarantees to Scatec for solar + storage project
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Low Carbon, a renewable energy developer, raised a £230 million (~$265 million) senior debt facility to construct 1 GW of large-scale renewable energy projects in the UK and the Netherlands. NatWest, Lloyds Bank provided the debt facility, and AIB as the renewable energy investment leader’s rapid growth trajectory continues. The fund raised will be injected into Low Carbon’s growing portfolio. The company expects to immediately deploy to support the construction of 500 MW of new solar PV capacity across 17 assets in the Netherlands and the UK.
