5th Aug 2008 10:00
SCOTTISH AND SOUTHERN ENERGY PLC
New investment in Green Highland Renewables Limited
Scottish and Southern Energy plc ("SSE") has invested £750,000 in Green Highland Renewables Limited in return for a 33.3% share of the company.
Green Highland Renewables is a Scottish-based company that develops small and medium sized hydro-electric schemes thoughout the UK. Their primary focus is providing advice and solutions to land owners and community groups. Small-scale hydro schemes generally divert part of the flow in fast moving streams and rivers without the need for dams and aqueducts.
Dave Gardner, Head of Ventures at SSE, said: "Hydro electricity is part of SSE's heritage and we continue to look for opportunities to develop large-scale schemes like our 100MW project at Glendoe. But small-scale hydro has an important role to play in fully developing renewable energy in rural areas, for the benefit of communities and landowners. Green Highland Renewables provides us with a strong small hydro offering and SSE is able to provide the knowledge and expertise that comes from operating hydro-electric power stations for 60 years."
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