London-based renewable energy company Low Carbon has reached financial close on a 385 MW portfolio of solar and co-located battery storage projects.
The portfolio, most of which will enter construction in early 2024, is part of a pipeline of 3GW of UK solar and battery storage projects.
Construction of the projects will be delivered by EPC contractors, Equans, through its subsidiary Bouygues Energies & Services, and Elmya, while Trina Storage will provide the battery storage systems for the portfolio.
Once operational, the 290 MW of solar capacity will lead to the avoidance of approximately 130,000 tonnes of CO2 emissions annually, while powering the equivalent of an estimated 85,000 homes.
Steve Mack, chief investment officer at Low Carbon, said: “The team is particularly excited to begin constructing 95 MW of co-located two-hour battery storage assets, a key enabling technology that will help accelerate the transition. The deployment of storage alongside our solar assets is an efficient use of limited grid capacity and will support the UK’s efforts to tackle climate change.”