£5m Boost for two Scottish Hydropower Schemes

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£5m Boost for two Scottish Hydropower Schemes

Albion Community Power (ACP) has committed close to £5m to the development of two new hydropower schemes in the Scottish Highlands.

The two run-of-river schemes – Liatre Burn, on the Glen Cannich estate, and Abhainn Bruachaig, near Kinlochewe – will generate approximately 2.8 GWh of renewable electricity per year, equivalent to the electricity consumption of around 700 homes.

ACP is a power generation company that builds, controls and operates community-scale energy projects across the UK. The UK Green Investment Bank (GIB), Strathclyde Pension Fund (SPF) and Greater Manchester Pension Fund (GMPF) are investors in the company.
The 500 kW high-head Liatre Burn scheme is located near Loch Mullardoch in Glen Cannich, some 35km south-west of Inverness whilst Bruachaig is a medium-head 500 kW run-of-river scheme located close to Kinlochewe in the western highlands. Construction of both projects is already underway with completion of the construction programme and commissioning of the schemes anticipated before the end of the year.

They are the third and fourth community-scale Scottish hydro projects that ACP is developing. Construction of the first two schemes – Chaorach, near Crianlarich, and River Arkaig, in Lochaber – is in advanced stages and both are expected to be fully commissioned by the end of Q3 2016.

Volker Beckers, Chair, Albion Community Power, said: “We are delighted to announce two new projects as we continue to invest in small-scale hydropower. ACP’s expertise in hydro-power combined and enhanced by local knowledge supports the government’s SME and local business campaign. Hydropower, the oldest renewable technology, has a proven track record of generating strong and stable returns for investors.

“Institutional demand for community-scale renewable energy continues to grow and ACP is well placed to benefit from this trend. We look forward to working on both schemes, as well as developing a further pipeline of projects.”

Ed Northam, Head of Investment Banking, UK Green Investment Bank, said: “Community-scale projects improve the efficiency of the network by generating electricity close to where customers need it. We believe that decentralised schemes like Liatre Burn and Bruachaig are an important part of the energy mix and have a significant role to play in increasing security of supply, reducing costs and cutting greenhouse gas emissions.”

More info: www.albioncommunitypower.co.uk

Source: www.blueandgreentomorrow.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.