Posted on: 10/04/2018
GFG Alliance, an international energy group led by industrialist Sanjeev Gupta, has unveiled plans to invest nearly £60 million over the next two years into the Scottish hydro-electric power sector.
The group voiced its ambitions after buying hydro developer Green Highland Renewables (GHR).
GFG wants to build or upgrade 12 hydro schemes in the Highlands by 2021.
The group owns an aluminium smelter in Fort William and a neighbouring 114,000-acre estate where it wants to build a 400-worker alloy wheels factory.
1GW of renewable power
GFG said it had already invested £500m in the Scottish economy.
The group wants to generate 1GW of renewable power over the next three years.
GHR has already developed more than 45 hydro schemes and operates 38 of them.