Ancala raises debt for small hydropower project financing

Ancala Partners LLP has raised US$63.65 million in debt facilities for Green Highland Hydro, the London-based infrastructure investment manager has announced.

Green Highland Hydro is the asset ownership vehicle for hydroelectric power assets developed by Green Highland Renewables, whose portfolio is projected to quadruple through Ancala’s financing.

The package was underwritten by Allied Irish Bank and ING against a portfolio of 10 Ancala hydropower assets. Already in operation are the 0.8-MW Glen Lyon, 2-MW Keltneyburn and 1.75-MW Ceannacroc. The other small hydro projects are expected to come on line within the next year.

The firm said the financing will be used to support construction of the remaining plants and refinance capital invested in operational assets.

HydroWorld.com reported that Ancala Partners acquired Green Highland Renewables in April 2015.

For more business and finance news, visit here.

Previous articleThailand-based B.Grimm Group developing hydropower projects in Laos
Next articleCoal mine to be transformed into 200 MW pumped hydro plant
Michael Harris formerly was Editor for HydroWorld.com.

No posts to display