Europe's ocean energy sector advancing 137-MW pipeline
May 07, 2024 13:38 CESTUK-based renewable energy company Low Carbon has obtained all needed funds for the construction of a 385-MW portfolio of solar and battery storage projects in its home country.
The financing arrangement will enable building works at the sites to be launched early this year, the British firm said on Tuesday.
Under the plan, Low Carbon will install 290 MW of solar parks that will generate enough electricity to meet the annual consumption of about 85,000 local homes. The plants will be paired with batteries totalling 95 MW.
The projects are part of a 3-GW pipeline of solar photovoltaic (PV) and energy storage schemes across the UK that Low Carbon will execute to back its goal of reaching 20 GW of renewable energy capacity by 2030. In line with this strategy, the company is growing its business both at home and overseas. Last September, it was successful in the UK government’s latest Contract for Difference (CfD) auction, where it secured contracts for 10 solar projects with a combined capacity of over 350 MWp.
Europe's ocean energy sector advancing 137-MW pipeline
May 07, 2024 13:38 CESTClimate investor SEIT sells UK onsite solar portfolio for EUR 106m
May 07, 2024 11:55 CESTAura Power gets planning permit for 30-MW solar project in UK
May 03, 2024 9:57 CESTRES seeks consent for 29.9-MW solar project in N Ireland
May 02, 2024 15:00 CESTUK battery storage pipeline grows to 95.6 GW, says RenewableUK
May 02, 2024 13:23 CESTSSE Renewables buys 100-MW BESS project in N Ireland
May 02, 2024 13:15 CEST