Low Carbon has announced the appointment of Steven Hughes (pictured) as managing director for portfolio management, responsible for the construction and operation of Low Carbon’s expanding renewable energy assets.
Based out of the company’s London office, he will lead the delivery of projects as they move from the development phase into construction and ultimately operation.
Hughes joins Low Carbon from infrastructure and equity investment manager Foresight LLP where he was managing director and head of portfolio.
Here he was responsible for over £9bn of infrastructure assets in construction and operation across Europe and Australia.
This portfolio included wind, solar and bio-energy projects along with core infrastructure projects owned by a range of listed, private and retail funds.
Hughes’ appointment follows Low Carbon’s recent announcement of the construction of three new large-scale solar farms in the UK, using the business’s multi-bank financing facility from NatWest, Lloyds Bank, and AIB, with several more projects in the pipeline.
Announced in September, the facility is targeting 1GW of solar capacity, as part of Low Carbon’s target to create 20GW of new renewable energy capacity by the end of the decade.
In late 2022, Low Carbon also announced that it will be constructing 1GW of onshore wind projects in Romania, and the construction of four solar projects in the Netherlands, with a combined capacity of 53.1MW.
Chief executive and founder of Low Carbon Roy Bedlow said: “With the support of our financing facility with NatWest, Lloyds Bank and AIB, Low Carbon begins the construction of 1GW of renewable energy this year, with the target of creating 20GW of new renewable energy capacity by the end of the decade.
“To achieve this, we need a world class team with the experience to manage the construction and operation Low Carbon’s assets.
“With his broad knowledge of the sector, Steven will be an invaluable addition to our team, helping to grow the company’s already expanding global portfolio.”