Renewable-energy company Low Carbon has secured a landmark investment from CVC DIF, which it will use to significantly expand its installed capacity and drive the next stage of its growth as a diversified next-generation independent power producer.
CVC DIF’s investment, when combined with follow-on investment from existing shareholder MassMutual, the refinancing of existing project finance debt and raising of a holdco facility, will secure £1.1 billion ($1.5 billion) of committed capital for Low Carbon. CVC DIF will commit primary equity via its DIF Infrastructure VIII, resulting in a majority controlling stake in the company.
In 2024, the U.K. government set out its Clean Power 2030 plan, which will involve doubling onshore wind capacity and tripling solar PV, which will require £40 billion ($53 billion) of investment each year. Similarly, the European Union recently set a new target of 42.5 percent renewable energy. This new partnership between CVC DIF, its inves
