Investors are being sought for a new small hydropower scheme being developed within the Snowdonia National Park in Wales.
The investment opportunity is a high head run-of-river scheme with a potential installed capacity of in excess of 500kW. The current owners have already secured an abstraction and impoundment licence through the regulator Natural Resources Wales (NRW).
Survey and planning work has begun to support the submission of a planning application, with work also underway on the Environmental Impact Assessment (EIA).
In addition to producing renewable energy, the scheme has the capacity for facilitating biodiversity enhancement as it is located within an environmentally and culturally important setting. The income arising from scheme should also be able to contribute to ongoing positive management of the surrounding farmland.
Land, farm, leisure and energy specialist Baileys and Partners is marketing the project, and said that whilst the Feed in Tariff (FiT) support mechanism is not available for this scheme, it envisage the motivations to invest coming from those who are ambitiously trying to meet net zero carbon emissions whilst also considering their corporate reputation and corporate social responsibility and governance.
For more information please visit: http://baileysandpartners.co.uk/hydropower-investment-carbon-offsetting-opportunity/
Image courtesy Baileys and Partners