Low Carbon has begun construction of four solar farms in the Netherlands, with a combined installed capacity of 53MW.
The projects are the first to be financed by the renewable energy investor’s multi-bank debt facility, established in August with NatWest, Lloyds Bank and AIB.
In total, the facility is anticipated to create at least 1GW of new renewable energy capacity.
Belectric has secured a contract with Low Carbon to build the four projects.
The four solar plants will be located in the provinces of Groningen (26.7MW) and Overijssel (7.4MW) as well as near Wijk bij Duurstede in the province of Utrecht (10.3MW and 8.7MW).
The project in Groningen will be equipped with a battery storage system.
In addition, one of the two solar farms close to Wijk bij Duurstede will see Belectric collaborate with a research facility, a Dutch university and a local farmer to test an agrivoltaics system on a part of the site.
“The construction of four new solar projects in the Netherlands is an important milestone for Low Carbon.
“We are delighted to be partnering with a specialist EPC service provider like Belectric, as we grow our international renewable energy portfolio,” said Justin Thesiger, Director of Operations and Asset Management at Low Carbon.
Esther Jantosch, Head of Sales Netherlands at Belectric, added: “We are proud to be partnering with Low Carbon.
“Their ambitious goals in terms of not only growth but also a more sustainable energy generation align extremely well with ours.
“We are excited to work hand in hand on their extensive pipeline of solar plants.”