The funding will accelerate the company’s expanding hydro generation projects that range from 100kW to 2MW.
Green Highland Renewables MD Ian Cartwright said that the investment will help in hydro electric site development, which is a complex process, from prospecting to commissioning.
"This injection of capital means, in addition to servicing demand from our existing clients, we can actively seek out new clients potentially requiring help with site development. We are actively looking for more schemes that we can develop with landowners. These schemes, once completed, can provide landowners with long term relatively risk free income," he added.
Scottish Equity Partners representative Tony Robison remarked "Our investment will enable the company to expand its operations and cement its position as the leading Scottish-based developer of run of river hydro generation schemes."
Scottish Investment Bank acting head Kerry Sharp said that companies like Green Highland help Scotland reach its goal of sourcing 100% of its electricity demand from renewable sources by 2020.
