Renewable energy investment company Low Carbon has announced the launch of its second phase of collaboration with Macquarie Capital which aims to build a UK solar farm portfolio of up to 300MW.
The latest phase will see the project add 34MW of new capacity to its solar project: a 13MW site in Wiltshire and a 21MW site in East Anglia.
John Cole, chief investment officer at Low Carbon said: “We’ve really hit the ground running in 2014 and are excited to get another two sites into construction from this investment. These projects demonstrate again our ability to quickly and effectively manage and package low risk renewables projects for investment.
“We are firmly committed to creating a low carbon future by reducing carbon emissions whilst making use of technological advances in photovoltaics to provide returns to investors. This is reflected in what we are trying to achieve in this project.”
The second phase of the project builds on the current construction of three solar farms totalling 25.7MW of capacity, representing a total investment of £29 million.
The two new sites are expected to be operational in the first half of 2014 and are estimated to generate enough electricity to power almost 10,000 homes.