The UK-headquartered firm will put the new 10-year Senior Facility towards its solar and battery energy storage system (BESS) assets under construction or operation in the UK, Germany and Poland.
January 26, 2026
Renewable energy developer and IPP Low Carbon has completed a debt raise of more than £500 million to refinance an existing construction line for its 1GW solar and BESS portfolio.
The UK-headquartered firm will put the new 10-year Senior Facility towards its solar and battery energy storage system (BESS) assets under construction or operation in the UK, Germany and Poland. It is a platform financing and may also include new assets in future.
The debt raise is one of the largest done in European renewables, Low Carbon claimed. It is part of the capital structure that is being undertaken as part of infrastructure fund CVC DIF's investment into the company, announced in December 2025.
The Senior Facility will be complemented with an additional 5-year Holdco facility to fund Low Carbon's development activities and construction equity for future assets.
The debt raise was participated in by banks Lloyds, NatWest, Intesa Sanpaolo (IMI CIB) and AIB, which are existing lenders to Low Carbon. New lenders meanwhile are Société Générale, HSBC, DNB, CIBC, Santander and SMBC.
The firm is deploying renewables and BESS under an own-operate model but also sells projects as a developer too. In June 2025 it connected 129MW of solar to the UK grid and the month after sold a 500MW solar project to EDF. Then in October, it sold a 6GW BESS portfolio in the Netherlands to owner-operator S4 Energy.
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Cameron Murray
Senior Reporter, Informa
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