Project Finance Brief: Low Carbon Closes Over $684 Million in Debt
Radial Power secures $355 million tax equity and debt financing
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Low Carbon, a renewable energy project developer, raised more than £500 million (~$684 million) across senior and Holdco financing in partnership with ten major international banks. The facility, structured as a platform financing, will allow the inclusion of new projects in the future as the company grows its renewables portfolio across Europe. This 10-year senior facility will refinance the construction line for the company’s 1 GW portfolio of solar and battery storage projects, either in operation or under construction.
