Low Carbon has announced the construction of three new solar farms.
The farms, in Essex, Derbyshire and Buckinghamshire, will be the first UK projects to receive funding using the business’s multi-bank financing facility from NatWest, Lloyds Bank, and AIB. The facility is targeting 1GW of solar capacity.
Construction start at Fox Covert (23.4MW), Buckinghamshire, is imminent. Work on the other two sites, at Inkersall Road in Derbyshire and St Clere’s in Essex, will begin in the early new year. They will have a capacity of 28.8MW and 23MW, respectively.
Bouygues Energies & Services will design and build all three projects.
Roy Bedlow, Chief Executive and Founder at Low Carbon, said: “Amidst soaring energy prices, the rapid creation of new renewable energy capacity is essential to many UK homes and businesses. We are therefore delighted to be announcing the first three of many UK-based projects financed with the help of NatWest, Lloyds Bank and AIB.
Only by accelerating the rollout of clean, affordable energy can we fully decarbonise and achieve our shared climate goals. Today’s announcement also marks an important step towards Low Carbon’s own strategic targets of net zero and 20GW of new renewable energy capacity by 2030.”