Low Carbon energises new renewables project as it aims to deliver 20GW globally
Key milestone reached as Low Carbon’s Ter Apel solar farm begins generating power in the Netherlands
Monday 18 September 2023 – Global renewable energy company Low Carbon has announced that its Ter Apel solar farm located in the Netherlands has become fully operational. The 26.7MW solar farm is the first project to energise as the company develops into a leading global Independent Power Producer (IPP) capable of delivering 20GW of renewable energy capacity by 2030.
Located in the province of Groningen, Ter Apel has the capacity to generate enough renewable energy to power more than 10,000 homes. It is Low Carbon’s largest solar project in a pipeline of more than 120MW that is expected to come online in the Netherlands by early 2024. The project has been developed by LC Energy, Low Carbon’s joint venture with engineering firm Qing and one of the leading renewables developers in the Netherlands.
The development of Ter Apel has been financed through Low Carbon’s £540m finance facility with seven leading international banks, which aims to support the construction of approximately 1GW of solar projects in the UK and the Netherlands.
Roy Bedlow, Founder and Chief Executive of Low Carbon, said: “The successful energisation of Ter Apel is a major milestone in our journey towards building a global IPP capable of reaching our strategic goal of 20GW of new renewable energy capacity by the end of the decade. It is also the first project from our Dutch pipeline to enter operations as we look to play a key role in supporting the efforts of the Netherlands to tackle climate change by reducing its carbon emissions to net zero by 2050.”
Steven Hughes, Managing Director of Portfolio Management at Low Carbon, added: “We are delighted to see the Ter Apel project beginning to export power, which reinforces Low Carbon’s strong track record of delivering renewable energy projects on time and on budget. We look forward to continuing to expand our international portfolio at scale and supporting the energy transition, with more projects expected to come online in the near future.”
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ABOUT LOW CARBON
Low Carbon creates large-scale renewable energy to fight climate change. We’re building a net-zero energy company that will protect the planet for future generations. This defining purpose drives us to deliver for our communities, investors, and the environment. We are a long-standing certified B-Corporation and recognised as a gold standard for our environmental impact.
We invest in, develop, and operate solar, wind, energy storage, and energy from waste projects across the UK, Europe, and North America. We’re contributing to the world’s move to 100% renewable energy by creating and operating 20GW of new capacity by 2030. We have more than 8GW in new renewables in development right now across the globe. Low Carbon is on a mission. Together, we will power tomorrow.
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Harry Padfield
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