Perth-based hydro electric scheme developer Green highland Renewables has secured a £3.3m investment in a funding round led by Scottish Equity Partners’ Environmental Energies Fund.
The funding, which is also backed by Scottish Enterprise will be used by Green Highland Renewables to fund the company’s growing portfolio of hydro generation sites.
Founded in 2007, Green Highland Renewables specialises in developing small hydro schemes, supporting landowners and communities through all the stages of construction, from design and financing through to operation.
Following the latest investment, managing director at Green Highland Renewables Ian Cartwright is looking to support even more landowners, while continuing to work with existing clients.
He commented: “We are delighted to have closed this substantial investment round. Hydro electric 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 potentially 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.”