Shepherd and Wedderburn act for Green Highland Renewables Limited in sale to Ancala Renewables

The sale provides Green Highland Renewables with additional capital to support the continued growth of the business.

It has so far gained planning consent for over 50 hydro schemes with approximately 40MW capacity.

The company also has over 35MW in its development portfolio.

Danny Lee (pictured), partner who led the Shepherd and Wedderburn team, said: “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 added: “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.