Tuesday, 11 February 2014

More Hydro

When I were a lad (or when in my younger days I was employed by the CEGB) the received wisdom was that there was little prospect of any new large hydro scheme in the UK. If not turned on its head that view is at least being challenged. Scottish Power is at the early stages of assessing an expansion of its Cruachan site; SSE is looking at a scheme at Coire Glas and has identified another potential site a Balmacaan; and there are plans for an, admittedly, small scheme in Gwynedd.

Does this shoot down my argument about spooking investor sentiment in may previous post? I don't think so - there's no serious money on the table as yet - but it does point up that the generation business remains and "interesting" one.

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