UK-based renewable energy firm Low Carbon has announced the completion of a sale involving a portfolio of eight solar projects with a total capacity of 350 MW, as well as two co-located battery storage assets with a capacity of 85 MW, to the French energy conglomerate TotalEnergies.
These projects are in advanced development stages and are part of Low Carbon’s extensive 16 GW pipeline, which encompasses solar, onshore wind, and battery initiatives.
According to Olivier Jouny, Senior Vice President of Renewables at TotalEnergies, the acquisition is promising. “Located in the south of England, they benefit from favourable sunlight and complement our integrated electricity portfolio in the UK, which includes 1.1 GW of gross installed offshore wind, 1.3 GW of gross combined cycle gas turbine, and more than 600 MW of solar projects under development.”
The projects are expected to be operational by 2028, generating over 350 GWh of renewable electricity annually, equivalent to the energy consumption of 100,000 UK households each year.
This acquisition is part of a [series of transactions](https://www.esgtoday.com/totalenergies-acquires-renewable-energy-portfolios-in-europe-africa-and-canada/) TotalEnergies has closed recently in Europe, Africa, and Canada. These moves align with the company’s objectives to increase its clean energy capacity and achieve over 100 TWh of net electricity production by 2030, alongside its goal to reach net zero by 2050.
Roy Bedlow, Founder and CEO of Low Carbon, expressed satisfaction with the transaction. “We are very pleased to have finalised this agreement with TotalEnergies, who are making an impressive commitment to building renewable infrastructure and sees Low Carbon deliver one of the largest ready-to-build portfolios of solar and battery projects in the UK market.”
Low Carbon currently operates and constructs more than 1 GW of renewable capacity across the UK and Europe, supported by a mix of corporate power purchase agreements (PPAs) and contracts for difference (CfDs). The company plans to commence construction on an additional 400 MW of solar and battery projects over the next 18 months.
