Invergarry hydro-schemes under new ownership thanks to £8m Virgin Money loan

Virgin Money, owner of Scotland's Clydesdale Bank, has previously supported CRF Hydropower Limited. This involved a multi-million-pound package which assisted the growth of its hydro portfolio across Scotland. Today CRF Hydropower Limited owns and operates 11 hydro schemes which have a combined capacity in excess of 7.7MW. Together with Turner & Co (Glasgow) Ltd, they already jointly own one additional hydro scheme, which is currently under construction. This new deal will be both their second and third joint ventures together, further supporting each company’s drive for carbon reduction.

Roy Foster of CRF Hydro Power Limited commented: “With more than 35 years’ experience in the sector ourselves, my team and I are continually impressed by Virgin Money’s specialist understandings of renewables. They have supported us to complete deals quickly and efficiently – putting our plans into action and really getting the ball rolling on these exciting projects.”

Alan Turner of Turner & Co (Glasgow) Ltd added: “The Turner Group are fully committed to long term sustainable investments and are looking forward to further growth in the future in the renewables space with our new partners.”

Do you want to respond to this article? If so, click here to submit your thoughts and they may be published in print.