New funding boost for Green Highland Renewables

7 November 2012


The funding will enable the company to develop its growing pipeline of hydro generation sites as well as servicing the increasing demand it is experiencing from clients for consulting, project management and operation and maintenance services.

Ian Cartwright, Managing Director of Green Highland Renewables, said: ‘We are delighted to have closed this substantial investment round. Hydroelectric site development is a complex process, from prospecting to commissioning. It is therefore important that the company has access to substantial development capital to enable us to take advantage of the growing number of opportunities. This injection of capital means, in addition to servicing demand from our existing clients, we can actively seek out new clients requiring help with site development. We are actively looking for more schemes that we can develop with landowners. These schemes, once completed, can provide landowners with long term relatively risk free income.’

Green Highland Renewables was founded in 2007 and specialises in developing small scale run-of-river hydro projects from about 100kW to 2MW. According to reports Scotland currently has 1.4GW of hydro power, with growth potential in particular for the development of small and medium sized schemes.

Green Highland was appointed by Forestry Commission Scotland in August 2010 to investigate and deliver run-of-river hydro projects on its north and west Scotland estates. The company has also just applied for planning consent for the first two schemes in this portfolio. It is expected that three further applications will follow early in 2013 with the aim to have consent for a total of ten schemes by October 2013. These are expected to range in size from 400kw to 2MW, with a total capacity in the region of 9MW.

Kevin Peace, Forestry Commission Scotland's District Manager in Lochaber said: ‘Scotland's national forest estate is making its contribution to the production of clean and renewable energy by working with Green Highland in the development of a number of small scale hydro projects. Developing renewables on the national forest estate is always to be carried out in a manner that is sensitive to the environment, and through the planning process is subjected to thorough scrutiny. Communities and neighbouring landowners will continue to be consulted as part of the planning process and constituted community groups are eligible for generous community benefit payments and have the option to invest in the schemes.’




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