12-Aug-14

Triple Point completes funding of three new hydro projects

London, August 2014: Triple Point, the private investment specialist, has today announced the completion of a further tranche of three hydro-electric projects in the Scottish Highlands. 

The investment of £8.55m will facilitate the construction and operation of installations at three sites, Loch Blair, Allt Dbh and Allt Cheanna Mhuir. All three of the projects are located on the north shore of Loch Arkaig, near Fort William. 

Commenting on the completion, Claire Ainsworth, Managing Partner and Chief Investment Officer at Triple Point, said: “This investment is a further demonstration of our commitment to fund small businesses and to deploy investors’ capital quickly. Small scale run-off river hydro sites represent an excellent development opportunity for our investors, giving them access to a long term income.”

Triple Point has been working with the specialist Scottish hydro developer Green Highland Renewables (GHR) for four years and has in place a portfolio of projects under construction, with further opportunities becoming available for investors later this year.

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