Shepherd and Wedderburn act for Green Highland Renewables Limited in sale to Ancala Renewables
Shepherd and Wedderburn acted for the shareholders of Green Highland Renewables Limited in the sale of the company to Ancala Renewables, an infrastructure investment company.
The sale provides Green Highland Renewables with additional capital to support the continued growth of the business, already the leading independent hydro developer in Scotland. To date it has achieved a 100 per cent success rate in gaining planning consent for over 50 hydro schemes with approximately 40MW capacity. The company also has over 35MW in its development portfolio.
Danny Lee, Partner who led the Shepherd and Wedderburn team, stated:
“Having supported Green Highland Renewables with the development of its significant pipeline of run-of-river hydro projects, as well as advising on the funding of a number of consented projects, we are delighted to have been part of a success story in the UK renewables sector. We look forward to supporting an exceptionally strong management team as they continue to grow the business with the backing of Ancala.”
Richard Round, Green Highland Renewables Chief Executive commented.
“The sale is positive news for Green Highland Renewables and the small-scale hydro sector. Well constructed and financed hydro schemes offer stable long-term returns and this is clearly attractive to institutional investors.”
The new owners take over from previous shareholders including leading technology investor Scottish Equity Partners and the Scottish Investment Bank.
For further information on Green Highland Renewables, visit www.greenhighland.co.uk
Shepherd and Wedderburn is a headline sponsor of All-Energy 2015, which takes place on 6th and 7th May in Glasgow. www.all-energy.co.uk/