TLT has advised Dalmore Capital on its purchase of a portfolio of river hydropower sites in Scotland from Edge Hydro Investments Limited.
Dalmore Capital is a fund manager focused on long-term infrastructure investments for institutional investors. The portfolio is described as a stable source of renewable generation that can help balance intermittent energy supply. It is also considered a high-yield and low-risk investment, supported by long-term Feed-in-Tariff subsidies linked to the Retail Price Index.
The TLT team advising on the deal was led by corporate partner Kay Hobbs, with support from associate Joshua Swain. The firm’s Scottish real estate, planning, and banking teams also contributed to the transaction.
This is Dalmore Capital’s second significant acquisition in the renewable energy sector within the past year. In January 2025, TLT also advised the company on its £44.1 million purchase of nine hydropower sites from Triple Point Energy Transition.
Kay Hobbs, corporate partner at TLT, said: “It was a pleasure to work with Dalmore Capital again as they continue to expand their portfolio of hydropower sites. Dalmore’s experience enabled them to focus on the key issues and to make decisions quickly which really contributed to an efficient process on the buy-side. We’re delighted to have supported them.”
Alistair Ray, chief investment officer at Dalmore Capital, said: “Our second investment in the hydro sector in quick succession demonstrates the value we see in owning these assets; they are high-yielding and low-risk renewable generators, key to delivering a net zero grid mix which can balance grid supply with ever increasing demand of consumers.”
