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Low Carbon: Accelerating new renewable energy capacity
Read time: 4 mins Added date: 08/01/2024
In an exciting time for the infrastructure and renewables sector, Lloyds Bank’s Victoria Whitehead, Head of Infrastructure and Transport, catches up with Low Carbon’s Group CFO, Juan Martin Alfonso, to discuss the renewable energy company’s ambition to have a world powered entirely by renewable energy.
Meet Low Carbon
Low Carbon are on a mission to build a global net zero energy company and are targeting 20GW of new renewable energy capacity, enough to power over 8 million homes, by 2030.
Founded in 2011, Low Carbon create large-scale renewable energy to fight climate change. Committed to the development and operation of renewable energy at scale, Low Carbon invest in, develop, and operate solar, wind, energy storage, and energy from waste projects across the UK, Europe, and North America.
Ambitious plans to scale renewables
As it looks to play a leading role in accelerating the global energy transition and providing cleaner energy, Low Carbon’s core objective is to create 20GW of new renewable energy capacity by 2030.
Having supported Low Carbon as House Bank since 2011, Lloyds Bank and Low Carbon have a long-standing relationship throughout their growth story. In 2022, Lloyds Bank supported Low Carbon with a construction bridge facility, a key milestone in the relationship and in support of Low Carbon’s 2030 strategic target.
The financing supported the construction of 500MW of new solar photovoltaic capacity across 17 assets in the UK and Netherlands, resulting in the creation of at least 1GW of capacity, with the potential to power more than 360,000 homes.
“The key milestone in our partnership has been when you play that cornerstone lender role in the facility, that is enabling us to put over one gigawatt of solar and co-located batteries in the UK and in the Netherlands into construction.”
Juan Martin Alfonso, Group CFO Low Carbon
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