Midlands-based Local Government Pension Scheme pool LGPS Central has partnered with CVC DIF to co-invest in Low Carbon Limited, a renewables power producer operating across planning and land acquisition through to construction and operational management.
The company, founded in 2011, has grown to become one of Europe’s main renewable energy platforms, with projects spanning solar, onshore wind, and battery storage across multiple countries.
A central feature of Low Carbon’s model is its regulated, government-backed income profile through Contracts for Difference (CfDs).
As one of the UK’s largest recipients of CfDs, the platform offers long-dated cashflows and plays a big role in the UK’s renewable energy supply.
This income structure de-risks the opportunity and underscores the strategic importance of the company within the market, noted LGPS Central.
The investment also aligns directly with LGPS Central’s wider infrastructure strategy, which emphasises productive real assets, resilience, and the long-term transition to a low-carbon economy.
LGPS Central has historically partnered with CVC DIF, with commitments across private credit and infrastructure, and this latest investment represents the development of a growing co-investment portfolio.
With over £2bn allocated to infrastructure, LGPS Central continues to target assets that support the UK’s energy transition, strengthen domestic energy security, and deliver tangible economic benefits at sector level.
“This investment sits at the heart of our infrastructure strategy,” said Nadeem Hussain, head of private markets at LGPS Central. “Low Carbon’s vertically integrated model and strong contract profile provide the kind of long-term, productive exposure we seek for our partner funds. At the same time, it supports the UK’s transition to clean energy, contributing to national resilience and the development of a modern, sustainable power system.”
The investment, noted Hussain, reinforces LGPS Central’s role as a long-term, responsible institutional investor focused on both financial performance and sustainability outcomes.
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