A couple of quick updates on some interesting energy news:
£100m hydro win for Green Highland Renewables – A good news story from Scotland where a small hydroelectric specialist company Green Highland Renewables (based in Aberfeldy) has won a £100m contract to develop a series of small hydro schemes on Forestry Commission land. The company, backed by Scottish Hydro Electric owners SSE will develop in excess of 100 hydroelectric dams across the Highlands, many of them in the most remote glens in the region. The programme is set to last for 10 years. Read more on this deal over at recharge news.
GDF Suez takeover International Power – Now for some not so good news for the UK energy sector. The ownership of UK energy is for us and others a rather worrying issue, and with the proposed takeover of International Power by GDF Suez, more UK energy companies are set to fall under foreign ownership. See more from The Herald.