The backers of an urban community hydro energy scheme in Aberdeen have launched a bid to raise £500,000 from local investors.
A community hydro scheme could be up and running this summer after 200 investors injected £800,000 worth of cash into the project.
A hydro energy developer has pledged to minimise the impact of work being undertaken in what many have called one the most beautiful glen in Scotland.
Renewable energy developer Dulas has begun construction on two medium river hydro schemes in Central Scotland.
The development of new hydro-electric power schemes will no longer be economically viable if the UK Government continues to cut subsidies, a London-based investment fund has warned. Hydro schemes have been an attractive proposition for cautious investors as they use established technology, have a predictable output and are designed to last 50 years with little maintenance, said David Freeder, an investment manager at Downing. The government sweetened the deal further in 2010, when it introduced the feed-in tariff (FiT) system, which dishes out fixed-rate payments for electricity generated by small-scale schemes, including solar, wind and hydro.