Low Carbon secures £400m capital commitment from MassMutual

Written by Adam Cadle

26/07/2023

Global renewable energy company, Low Carbon, has secured a £400m capital commitment from MassMutual, to be directed into large-scale renewable energy projects across the UK, Europe and North America.

The capital commitment will enable Low Carbon to significantly expand its core capacity by providing liquidity for its pipeline of projects up until 2025. Announced in November 2021, the strategic partnership between Low Carbon and MassMutual 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.

The latest capital commitment announcement builds further momentum in support of Low Carbon’s strategic goal to create 20GW of new renewable energy capacity by 2030.

MassMutual’s chief investment officer Eric Partlan added, “MassMutual’s ongoing partnership with Low Carbon demonstrates our commitment to build a more sustainable world. We actively pursue opportunities to invest in climate solutions that support the transition to a low-carbon economy and our responsibility to generate long-term value for our policyowners. This increased investment reflects Low Carbon’s track record and leadership in developing, investing in, and operating large-scale renewable energy that is making a positive environmental impact.”

Related Articles