Private Equity Pours $145 Billion Into UK Renewable Energy

UK energy company Low Carbon has raised as much as $1.45 billion (£1.1 billion) from CVC Capital Partners and other investors as private equity firms are increasingly backing renewables operations. CVC Capital Partners and Low Carbon’s existing shareholder Massachusetts Mutual Life Insurance Company participated in the funding, which will see CVC Capital Partners become the majority owner of Low Carbon, a company developing and operating solar, wind, and energy storage projects in the UK and Europe. “As a private…