Equitix acquires hydroelectric power scheme in Scotland
Equitix Fund VI has completed on the acquisition of a 100% stake in the Blackwater Dam and Kinlochleven large-scale hydro generation plant.
The Blackwater Reservoir is created behind a dam in the mountains above Kinlochleven, Lochaber, Highland, Scotland. At over 914 m long, the dam is the longest in the Highlands. The hydroelectric scheme was constructed in the early 1900s for the British Aluminium Company for the purpose of smelting aluminium and was designed by engineers Patrick Meik and Charles Meik.
The smelter ceased operations in June 2000 and the associated hydro-electric plant was converted into a general purpose power station connected to the National Grid. It now comprises three large turbines which are ROC accredited to 2027 with an operating capacity of 23.5MW and the opportunity to increase this to 26MW.
The project also includes the construction of a 0.8MW min hydro scheme in the upper penstock. This £3.5m project will benefit from 20 years of government feed in tariff support and is due to be operational in March 22.