Investment manager Downing LLP today announces the sale of Nightjar Sustainable Power Limited and Guillemot Green Energy Limited, the final exits by its EIS funds from a series of seven hydro investments based in Scotland.
These seven projects are now fully operational, all having been built on time and to budget. Each exit was in line with the original investment case, a successful conclusion to over six years’ work.
Tom Williams, Head of Energy and Infrastructure at Downing, a commented: “We’re extremely pleased to have completed the last in this series of successful exits. The energy sector is a key focus for Downing and we’re delighted to have achieved the target returns for our investors.
More about the hydro projects
The projects are located in Inverness-shire, Argyll and Perthshire, Scotland. All the sites are ‘run-of-the-river’ hydroelectricity projects, taking water from the river only to the extent that a minimum water flow can be sustained. The seven hydro stations have capacity to generate up to 8MW of renewable energy between them.
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