Low Carbon Completes Sale of 435 MW Renewable Portfolio to TotalEnergies
Deal News | Jun 03, 2025 | Low Carbon Group Ltd
Low Carbon, a leading renewable energy company, has finalized the sale of a significant renewable energy portfolio to TotalEnergies. The deal involves eight solar projects with a combined capacity of 350 MW and two battery storage projects totaling 85 MW, all ready-to-build. These projects are set to become operational by 2028 and will generate over 350 GWh annually, catering to approximately 100,000 UK households. This move by Low Carbon underscores their contribution to the UK's decarbonisation efforts, supporting the Clean Power 2030 target. The firm's renewable ventures continue to grow globally with a pipeline exceeding 16 GW. TotalEnergies' acquisition aligns with its strategy to enhance its renewable energy footprint in the UK, complementing its existing portfolio of offshore wind, combined cycle gas turbine, and solar projects. In the next 18 months, Low Carbon aims to initiate construction on an additional 400 MW of solar and battery projects, reinforcing their record as a top independent power producer.
Sectors
- Renewable Energy
- Energy Infrastructure
Geography
- United Kingdom – The renewable energy projects sold by Low Carbon are located in the UK and contribute to its clean energy targets and sustainability goals.
Industry
- Renewable Energy – The article focuses on the sale of solar and battery storage projects, integral components of the renewable energy sector focused on sustainable energy solutions.
- Energy Infrastructure – The article discusses significant energy infrastructure projects, including solar and battery storage assets, and their implications for the UK's energy market.
Financials
- 435 MW – Total capacity of the renewable projects sold to TotalEnergies by Low Carbon, comprising 350 MW solar and 85 MW battery storage.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Low Carbon Group Ltd | Selling Company | Company | A leading renewable energy company focused on developing a portfolio of high-quality solar and battery projects. |
| TotalEnergies | Bidding Company | Company | A major energy company expanding its renewable portfolio, especially in the UK, with interests in solar, wind, and other clean energy sources. |
| Roy Bedlow | Chief Executive at Low Carbon | People | CEO of Low Carbon who played a key role in finalizing the deal with TotalEnergies. |
| Olivier Jouny | SVP Renewables at TotalEnergies | People | Senior Vice President in charge of renewables at TotalEnergies, highlighting the strategic importance of the acquisition. |