Low Carbon in JV to develop 600MW Alberta PV portfolio

Facebook
Twitter
LinkedIn
Reddit
Email
Low Carbon currently has a pipeline of more than 4GW in development, according to its website. Image: Low Carbon

UK investment and asset management company Low Carbon has announced plans for a 600MW solar PV portfolio in Alberta, Canada, through a new joint venture (JV) with renewable energy developer NU-E Corp.

Low Carbon said that the JV is key to its development plans for the North American market, which is ultimately aiming to deploy 1.2GW of PV, wind and energy storage assets in Canada by the end of the decade.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The 600MW portfolio is made up of existing early, mid and late-stage projects that NU-E Corp is developing, the first of which is expected to be operational in 2024.

Managing director of investments North America at Low Carbon, Ed Shelton, said: “In addition to this being a first-of-a-kind partnership for Low Carbon in North America, the JV with NU-E Corp ensures we are well positioned to act on the new investment incentives for Canadian renewable energy projects. These recent incentives will help provide long-term stability for investment and open up further opportunities for renewables development in Canada that support its net-zero ambitions.”

The Alberta Utilies Commission announced a 6-month moratorium on renewable energy projects this week, as it looks to address land use concerns raised by municipalities. The Canadian Renewable Energy Association called the pause a ‘mistake’ and said that it endangered the progress of the state’s renewable energy market.

Last month Low Carbon secured a £400 million capital commitment from Massachusetts Mutual Life Insurance Company to support its solar PV development portfolio in the UK, as reported by our sister site, Current±.

Read Next

June 10, 2025
Australia’s Queensland government has confirmed an AU$2.4 billion investment in the CopperString transmission project, aiming to extend the National Electricity Market (NEM) to the North West Minerals Province.
June 9, 2025
Sonnedix has signed a power purchase agreement (PPA) with Renfe to supply 420GWh of renewable energy annually for its commercial operations.
June 9, 2025
Growing political headwinds threaten to dent US solar manufacturing and project deployment, despite a strong start to 2025.
June 6, 2025
rPlus Energies has secured more than US$500 million for an 800MW solar-plus-storage project in Emery County, Utah, US.  
June 6, 2025
Australia’s Solar Energy Industries Association (SEIA) has called on Australia’s climate change and energy minister, Chris Bowen, to “urgently intervene” on a rule change that could threaten to derail the uptake of rooftop solar PV.
June 6, 2025
ElectraNet has revealed that renewables supplied 100% of South Australia's electricity demand for 27% of 2024, roughly 99 days.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
June 17, 2025
Napa, USA
Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
September 16, 2025
Athens, Greece