Low Carbon, a renewable energy project developer, raised more than £500 million (~$684 million) across senior and Holdco financing in partnership with ten major international banks.
The facility, structured as a platform financing, will allow the inclusion of new projects in the future as the company grows its renewables portfolio across Europe. This 10-year senior facility will refinance the construction line for the company’s 1 GW portfolio of solar and battery storage projects, either in operation or under construction.
The senior facility will be complemented with an additional 5-year Holdco facility that Low Carbon will be able to use to fund its development activities, as well as construction equity for future projects.
Previous lenders comprising Lloyds, NatWest, Intesa Sanpaolo, and AIB provided the funding along with the new institutions, including Société Générale, HSBC, DNB, CIBC, Santander, and SMBC.
In December 2025, the company also secured investment from CVC DIF, the infrastructure strategy of global private markets manager CVC, to help drive the company’s long-term expansion and accelerate the energy transition in the U.K., Germany, and Poland.
Commenting on the capital raise, Roy Bedlow, Chief Executive and Founder of Low Carbon, said, “Long-term partnerships with investors and lenders are fundamental to Low Carbon’s continued growth. This landmark capital raise demonstrates the confidence that leading international banks have in our vision and ability to deliver large-scale renewable energy to the grid and ensures we are well-positioned to accelerate the development of our renewables pipeline to help fight against climate change.”
Earlier, Low Carbon had sold 6 GW of energy storage projects in the Netherlands in October 2024. The projects were acquired by S4 Energy, a Dutch-based grid-scale energy storage developer and operator, majority-owned by Castleton Commodities International (CCI).
Large-scale project funding increased by 37% in 2025 compared with the funding raised in 2024, according to Mercom’s recently released Annual and Q4 2025 Solar Funding and M&A report.
