Under the collaboration, Macquarie Capital is likely to provide construction funding to investment-ready solar farms in the UK.

The companies will initially develop three solar power projects totalling 25.7MW in Cornwall and Wales with a total investment of £29m that represents the first phase of the collaborative effort.

Construction on the three projects will begin in November 2013 and operations are scheduled to start in February 2014.

Low Carbon chief investment officer John Cole said the transaction highlights the continued and rapid growth of the company’s business, following on from the successful development, construction and operation of over 160MW of solar parks it has invested in thus far.

"Low Carbon aim to direct investment into projects that not only provide returns to investors, but also offer a sustainable energy alternative to fossil fuels.

"We have a pipeline of future projects under development and look forward to continuing our successful collaboration with Macquarie Capital with the aim of making an impact on climate change," added Cole.