GLEN HYDRO has announced a 'joint venture' with well-established European hydro developer Hydropol, which has its head office in the Czech Republic.
Bringing together Glen Hydro's local knowledge and experience of small, Scottish run-of-river projects and Hydropol's wider expertise in hydro power should create a 'powerful and capable company' to operate on a local level in Scotland.
Blairgowrie based Glen Hydro, led by Richard Haworth and Luke Milner, has been working with Scottish landowners since the introduction of the Government's Feed in Tariff for small hydro in 2011.
It will continue to focus on 100kW plus sites, but with its range now extended up to 2MW, operating both as consultants, taking schemes to consent and project managing construction, and as developers of its own schemes under flexible agreements with landowners.
Backed by Hydropol, there will now be a much greater depth of engineering support and the funding for larger schemes which will open up a variety of new opportunities. The claimed benefit of this arrangement is that will avoid the delays and costs typically associated with bank or project funding.
Mr Milner said: "We are proud to secure the backing of a well-respected, experienced and proven hydro consultancy and developer. The hydropower sector in Scotland currently presents a great opportunity and we are very excited about the future.
"As a small and efficient company we are able to move quickly to develop any project to meet the tight and ever-changing deadlines created by the Government's support for the industry. We are now able to use Hydropol's long standing experience and reputation in the industry to raise funding quickly and efficiently."