Renewable energy investor Low Carbon has expanded its portfolio of UK solar farms with an 8.2MW plant in East Sussex. Work will begin this month.
The solar farm is being developed in collaboration with Macquarie Capital, which is funding the construction of the project.
The park is expected to be completed in early 2015, according to the two investors, in good time for the 31 March cut-off date for projects over 5MW to register for the renewable obligation scheme.
“Renewable energy technologies have demonstrated substantial performance improvements and cost reductions and are now being deployed at significant scale,” said John Cole, chief investment officer, Low Carbon.
“Companies such as Low Carbon will continue to fight to decrease our dependence on fossil fuels and increase the scale of renewable energy to support a low carbon future. Now is the right time for investors to get behind renewable energy and address two of the biggest challenges facing the UK: energy security and climate change,” he added.
Low Carbon has funded more than 206MW of solar in the UK, which are currently either under construction or in operation.