The owner of Perth-based Green Highland Renewables (GHR) (
www.greenhighland.co.uk) has received £51 million of debt funding to support the growth of the hydro-electricity specialist.
The Ancala Partners investment group said that the new debt facilities will be used to support construction of six hydro-electric schemes by GHR.
The funding will also be used to re-finance capital invested in operational assets. London-based Ancala said it has invested over £50 million of equity in GHR since buying the business in 2015 and wants to continue to grow the firm.
GHR has “significantly” out-performed its operational and financial targets since it was acquired, Ancala said.