Untitled Document

Albion, Dragon Hydro partnering for new 300 kW project

Capital investment group Albion Ventures LLP is entering the hydropower industry with an investment of almost US$2 million in a new Dragon Hydro Limited scheme.

The money will help Dragon Hydro develop a 300 kW hydropower plant on the Afon Cadair River in Wales' Gwynedd County.

The project will benefit from the United Kingdom's feed-in tarrif (FiT) plan and reflects Albion's history of investing in green technologies.

"This investment highlights Albion's continued commitment to the renewables sector," says Albion representative Michael Kaplan. "Hydropower is the oldest renewable technology and we are very pleased that the government continues to support small-scale hydro through feed-in tariffs."

Albion says the project is expected to be complete by Q3 2013.

Related Articles

Liberia seeks small hydro, mini-grid feasibility studies

The government of Liberia invites expressions of interest for a feasibility study of two sma...

City asks FERC to reinstate, transfer licenses for Connecticut hydro projects

Under terms of an act of Congress, the town of Canton, Conn., has asked the Federal Energy R...

Nepal seeks rehab construction of 640-kW Sundarijal hydro project

Nepal Electricity Authority (NEA) seeks bids for construction and equipment rehabilitation o...

Alaska's 174-kW Packer Creek hydroelectric plant comes on line

Alaska borough Chignik Lagoon is hoping to see decreased energy costs following the recent c...

Recent Comments

Hydro Slideshows

more slideshows >>  

Hydro Whitepapers

Industry News

Editor's Picks

Volume 34, Issue 5
Volume 23, Issue 3

Buyers Guide Products