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Construction kicks off on Green Highland Renewables’ ninth hydro scheme
£3 million project is the firm’s third new development this year


13th August 2014

Perth hydro specialists Green Highland Renewables have just begun construction of a 750kW hydro scheme at Allt Choire a’ Bhalachain on the south side of Loch Garry – the firm’s ninth project in the Highlands.

The £3 million scheme, which is funded by specialist investors Triple Point, is the third hydro development Green Highland Renewables has started this year, and forms part of a growing pipeline of sub 2MW schemes.

Allt Choire a’ Bhalachain is one of two projects in the immediate area being developed by Green Highland Renewables on land managed by Forestry Commission Scotland. The other scheme, a 1.3MW development at Allt Ladaidh, will commence construction in early 2015.

“We have so far consented 45 projects across Scotland and we are now entering a very active phase as we start to build out and deliver these approved schemes within the FIT accreditation windows,” says Richard Round, the firm’s Chief Executive Officer.

“Highland Waterworks have been appointed as the main contractor. This will be their third job working with Green Highland Renewables and we can rely on their on-time track record to see the scheme complete in 2015,” Round says.

“It is also good to have the backing of Triple Point as project funders. Their support is a tremendous endorsement of our track record of delivery,” Round concludes.

Green Highland Renewables began development work on the site in 2011 and achieved full consent in 2013. The project is one of a number being developed by Green Highland Renewables on land managed by Forestry Commission Scotland as part of a framework agreement.

For this scheme the local community will receive an annual royalty in addition to the industry-standard community benefit of £5000 per MW per annum.

ENDS

Notes for editors

PHOTOS – to download images, please click on this link (or paste link in browser):

https://www.dropbox.com/sh/zbc8uw8e1apjtpk/m9Lu0h-I2p

For press enquiries please contact Neil Davidson, PR consultant to Green Highland Renewables .

T: 07545 735402

E: neil@neildavidson.org

For all other enquiries please contact Cathal Dorrian on 01738 493118 or email cathaldorrian@greenhighland.co.uk.

Green Highland Renewables

Green Highland Renewables specialises in the development of small scale hydro-electric schemes. Since 2007, GHR has worked on a wide range of run of river schemes at every phase of the development process, from initial concept through to consent, construction and operation, as well as providing remedial works and scheme optimisation. The company has a 100 per cent success rate in gaining planning consent for hydro schemes.

www.greenhighland.co.uk

Triple Point

Triple Point is an investment manager that specialises in venture capital funding typically through Venture Capital Trusts and Enterprise Investment Schemes, with approximately £250 million under management. Triple Point has been working with the Scottish hydro industry since 2010. In addition to funding small renewable energy ventures across the UK, Triple Point provides private capital for a range of enterprises from small private equity investments to asset finance solutions for large, established organisations. With access to capital sourced from private individuals, Triple Point offers advantages to organisations whose requirements are not being satisfactorily met by standard providers and products.

www.triplepoint.co.uk


Publisher Contact Information:

Green Highland Renewables
01738 493118
cathaldorrian@greenhighland.co.uk

Company profile of Green Highland Renewables
Past press releases of Green Highland Renewables.

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