The Anonymous Widower

Statkraft To Acquire Major Loch Ness Pumped Storage Hydro Project From Intelligent Land Investments Group

The title of this post, is the same as that of this press release from Statkraft.

This is the sub-heading.

The acquisition demonstrates Statkraft’s latest commitment to helping Scotland meet its renewable energy targets and strengthening UK energy security

These two paragraphed outline Red John and the deal.

Statkraft, Europe’s largest renewable power generator, has agreed to acquire the Red John Pumped Storage Hydro Scheme, from Intelligent Land Investments Group (ILI).

The 450MW scheme, first conceived in 2015, was granted consent by Scottish Government ministers in June 2021. The acquisition demonstrates Statkraft’s latest commitment to helping Scotland meet its renewable energy targets and strengthening UK energy security. 

Note.

I wrote about Red John in Red John Pumped Storage Hydro Project.

I have also found a web site for the project, where this is said.

• The scheme has an output of 450 MW.
• The storage capacity is 2,800 MWh or 2.8 GWh.
• The scheme has planning consent.
• The project is budgeted to cost £550 million.
• The construction program indicates that the scheme will be completed by the end of 2025.

It looks to me, that the ILI Group have done all the hard work in getting the project shovel-ready and are passing the project to a bigger developer.

December 16, 2023 - Posted by AnonW | Energy, Energy Storage | ILI Group, Loch Na Cathrach/Red John Pumped Hydro, Pumped Storage Hydroelectricity, Statkraft