We’re working closely with Saddleworth Community Hydro, the Industrial Provident Society which have an in principle agreement to proceed with the landowner.
H2ope are seeking project investment from ethical institutions and individuals for our growing portfolio of hydro sites.
We develop viable hydro sites through to Investment Readiness. Only at ‘Financial Close’, when our sites have all their permissions, together with project finance, is a decision made to go ahead with a scheme. At that point, contracts are let and construction begins soon after.
The Government’s Feed in Tariff scheme is an additional revenue on top of the price obtained from the actual sale of the electricity. The Feed in Tariff has helped to make hydro schemes more financially attractive to investors and is guaranteed for 20 years.
Returns are dependent upon the financial make-up of each project. We have a growing portfolio of schemes at varying levels of development. Each scheme also has an environmental return, typically calculated as the net environmental benefit as measured in carbon emissions saved.
Renewable energy schemes are currently eligible for the Enterprise Investment Scheme, or tax relief, set at 30%.
Hydro schemes are environmentally friendly. They have minimal impact upon the river environment, they assist in the upriver migration of fish through the addition of fish passes and have a positive net impact upon carbon emissions.