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London-based Low Carbon, a renewable energy investor and asset manager, announced on Thursday that it has raised £310M (approximately €356M) for its solar photovoltaic (PV) construction facility.
The funding comes through collaborations with renowned international banks such as ABN AMRO, ING, the Commonwealth Bank of Australia, and Intesa Sanpaolo (IMI CIB Division).
With this latest capital infusion, Low Carbon’s total debt financing raised now stands at £540M.
Fund utilisation
The UK company says the new funding will enable it to intensify its efforts in expanding its core capacity through the development of 448MW of solar PV projects across the United Kingdom and the Netherlands.