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UK investment firm Low Carbon enters JV with Canadian solar developer

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British renewable energy investment firm Low Carbon has entered into a joint venture with Canadian solar developer NU-E Corp to expand into the North American market, it said on Thursday.

Initially, the joint venture will develop an existing 600 megawatt pipeline of solar photovoltaic projects in Canada. The first of these projects is expected to become fully operational next year.

The JV aims to bring online 1.2 gigawatts of solar PV, onshore wind and battery storage projects in Canada by the end of the decade, Low Carbon said., it secured up to 400 million pounds of capital from life insurance company MassMutual.

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