MassMutual backs Low Carbon with $511m capital injection
Investors - JULY 25, 2023

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MassMutual backs Low Carbon with $511m capital injection

by Kali Persall

Massachusetts Mutual Life Insurance Company (MassMutual) has pumped a £400 million ($511 million) capital investment into Low Carbon, a certified B Corp. that invests in, develops and operates solar, wind, energy-storage and energy from waste projects across the United Kingdom, Europe and North America.

The investment will be directed into large-scale renewable-energy projects across Low Carbon’s target markets, expanding a strategic partnership that the two companies formed in 2021. The partnership aims to build a leading global renewable-energy independent power-producer (IPP) by leveraging each businesses’ unique position in the market and domain expertise to accelerate the energy transition. Low Carbon’s strategic goal is to create 20 gigawatts of new renewable-energy capacity by 2030.

Specifically, MassMutual’s £400 million ($511 million) capital commitment will enable Low Carbon to significantly expand its core capacity by providing liquidity for its pi

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