This portfolio of hydroelectric projects, all in the Highlands of Scotland is a Joint Venture between the Highland Community Energy Society and a Company called Coille Dhealain, owned by Highland Eco Design employees and based in Perthshire. The portfolio consists of six hydro sites, at various stages of development, each in a separate company where the local community at each location will benefit from the profit generated by the projects.
The Highland Community Energy Society will hold 25.1% of the share capital in each project company. Dividends from the Society’s shareholdings in the project companies will be paid to the Society. Virtually all of the capital raised in the share offers will be loaned to the project companies as the share capital is nominal.
The Society launched a public offer in 2018 and will shortly be launching a new one this will provide capital for its share of the projects. Members of the Society will raise the capital needed to help finance the hydro scheme, support the objective of the Society and pay an annual return on investment.