Low Carbon's Ter Apel solar farm, situated in the province of Groningen in the Netherlands, has successfully commenced operations. With a capacity of 26.7MW, this milestone marks a pivotal step for Low Carbon as it strives to achieve its ambitious target of delivering 20GW of renewable energy capacity by the year 2030.
Ter Apel solar farm is poised to make a substantial contribution to sustainable energy generation, with the capability to power over 10,000 homes. It stands as Low Carbon's largest solar project within a burgeoning portfolio of renewable energy initiatives, with over 120MW of additional projects expected to come online in the Netherlands by early 2024.
LC Energy, a joint venture between Low Carbon and engineering firm Qing, played a pivotal role in the development of the Ter Apel site. The project's financing was facilitated through Low Carbon's £540 million finance facility, in collaboration with seven prominent international banks. This initiative is aimed at supporting the construction of approximately 1GW of solar projects in both the United Kingdom and the Netherlands.
Low Carbon's founder and chief executive, Roy Bedlow, commented on the significance of the Ter Apel solar farm's successful energization. He stated, “The successful energization of Ter Apel is a major milestone in our journey towards building a global IPP capable of reaching our strategic goal of 20GW of new renewable energy capacity by the end of the decade. It is also the first project from our Dutch pipeline to enter operations as we look to play a key role in supporting the efforts of the Netherlands to tackle climate change by reducing its carbon emissions to net zero by 2050.”
Steven Hughes, Managing Director of Portfolio Management at Low Carbon, expressed his satisfaction at the project's progress. He said, “We are delighted to see the Ter Apel project beginning to export power, which reinforces Low Carbon's strong track record of delivering renewable energy projects on time and on budget. We look forward to continuing to expand our international portfolio at scale and supporting the energy transition, with more projects expected to come online in the near future.”