NCM and Gilkes Energy (GEL) are delighted to announce the very successful refinance of the hydro-electric portfolio they manage: Gilkes Hydro Investments. The transaction has resulted in six Scottish hydro schemes being refinanced with Aberdeen Standard Life for £43.8m. The six schemes in total have 11.2 MW of hydro electric capacity. Gilkes Hydro Investments intend to use the proceeds to purchase a wider portfolio of hydro assets that GEL and NCM have also developed.
Henry Chaplin, Chairman of NCM said, “NCM and our partner GEL manage, administer and support Gilkes Hydro Investments and we are proud that the company when fully invested will have one of the largest and most unique set of small scale hydro assets within the UK. Our skills in fund administration and management as well as our in depth knowledge of the refinancing market have been invaluable for the client in this transaction.”