The Anonymous Widower

ILI Group Announces New 1.5GW Pumped Storage Hydro Project

The title of this post is the same as that of this article on Insider.

This is the body of the article.

Intelligent Land Investments Group (ILI) has commenced the initial planning phase for its new 1.5 GigaWatt (GW) pumped storage hydro (PSH) project, Balliemeanoch, at Loch Awe in Argyll & Bute.

This is ILI’s third and largest PSH project. Its other PSH projects include ‘Red John’ at Loch Ness, which was awarded planning consent from Scottish Ministers in June Last year, and ‘Corrievarkie’ at Loch Ericht for which they aim to submit a Section 36 planning application in August.

The new project would be able to supply 1.5GW of power for up to 30 hours, enough to power 4.5 million homes.

The project will create a new head pond in the hills above Loch Awe capable of holding 58 million cubic metres of water when full and it is estimated the project will offset more than 200 million tonnes of CO2 emissions over its lifetime.

I would assume that this will be a privately-financed project and at 45 GWh it will be one of the largest pumped storage systems in the world.

But it must show that if it is privately-financed that the big boys in infrastructure finance, see pumped storage as a safe place to put insurance and pension funds to earn a worthwhile return.

  • No-one’s going to steal one of these systems.
  • They are a job-creating asset when built.
  • Hydro-electric power seems very safe, when well-built.
  • You don’t see media reports of schemes like Cruachan, Electric Mountain and Foyers breaking down.

In World’s Largest Wind Farm Attracts Huge Backing From Insurance Giant, I talked about Aviva’s funding for wind farms. If Aviva wukk fund those, surely they’ll fund schemes like this, as it could be argued that they make wind farms a better investment and more valuable, as they won’t have to shut down so often, when there’s too much power.

February 16, 2022 - Posted by | Energy, Energy Storage, Finance | , , ,

2 Comments »

  1. Other types of power generation must be developed which are more continuous. I suggest the following:-

    New optimised wave generator proposal, which has the advantage of protecting venerable coastlines and are more continuous than wind. ;-
    https://scitechdaily.com/on-the-pathway-to-unlocking-ocean-wave-energy-for-reliable-renewable-power/

    Tidal power is ideally suited to the UK with many suitable sites. Note these can produce power both on the in coming and out going tides.

    There are some sites where strong currents that can drive underwater turbines with out the need of any dams.

    Comment by Ben Oldfield | February 16, 2022 | Reply

  2. […] first talked about the Balliemeanoch Pumped-Hydro Scheme in ILI Group To Develop 1.5GW Pumped Storage Hydro Project, which I wrote earlier this […]

    Pingback by Thoughts On The Balliemeanoch Pumped-Hydro Scheme « The Anonymous Widower | February 27, 2022 | Reply


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