TotalEnergies has announced the acquisition of a significant portfolio of renewable energy projects from Low Carbon, a leading UK-based renewable energy company.
The deal includes eight solar projects with a combined capacity of 350 megawatts (MW) and two battery storage projects totalling 85 MW, all located in the south of England.
These projects are at an advanced stage of development and are targeted to be operational by 2028.
Once completed, the solar projects are expected to generate more than 350 gigawatt-hours (GWh) of renewable electricity annually, enough to meet the electricity needs of approximately 100,000 UK households.
Olivier Jouny, Senior Vice President of Renewables at TotalEnergies, highlighted the strategic importance of the acquisition, stating: “We are very pleased with the acquisition of this pipeline from the renewable developer Low Carbon.
“The acquisition of these solar and battery projects located in the south of England will complement our integrated electricity portfolio in the UK, which includes 1.1 GW of gross installed offshore wind, 1.3 GW of gross combined cycle gas turbine, and more than 600 MW of solar projects under development.”
Roy Bedlow, Chief Executive and Founder at Low Carbon, said: “We are very pleased to have finalised this agreement with TotalEnergies, who are making an impressive commitment to building renewable infrastructure and sees Low Carbon deliver one of the largest ready-to-build portfolios of solar and battery projects in the UK market.
“Once built, these projects will make a vital contribution to the government’s Clean Power 2030 ambition and reinforce Low Carbon’s track record for developing renewable assets of the highest quality, while supporting the build out of the rest of our renewables pipeline as we continue to scale as an independent power producer.”
This acquisition further strengthens TotalEnergies’ position in the UK’s renewable energy market, adding to its existing portfolio, which includes 1.1 GW of offshore wind, 1.3 GW of combined cycle gas turbine, and more than 600 MW of solar projects currently under development.
The move aligns with both companies’ commitments to supporting the UK’s clean energy transition and the government’s Clean Power 2030 ambitions.
