Commercial Property News

Our magazines are published bi-monthly with in-depth features and news for the commercial property industry. On this page we have the latest news to keep you constantly updated on the market. On the left hand side of the page you can search our archived news which is stored monthly.



Monday, September 08, 2023

Glendoe hydro electric scheme reaches milestone

The Scottish Government's commitment to renewable energy was reinforced today as a major milestone in the development of the £150 million, 100MW Glendoe hydro electric scheme beside Loch Ness was passed.

Glendoe at Fort Augustus is Scotland's first conventional large-scale hydro power station for 50 years. It is on schedule and is due to be producing electricity in in early 2009.

First Minister Alex Salmond was at the site to mark the plugging of the Glendoe dam. He said:

"Scottish and Southern Energy's Glendoe scheme is the first large-scale hydro electric station to be built in Scotland for 50 years. This is one of the projects which will ensure Scotland's long tradition of generating hydro power continues for many years to come.

"I am delighted to be involved in marking this major milestone in this ambitious project, which will utilise Scotland's natural resources for the creation of clean renewable energy.

"The Scottish Government has set an ambitious target to generate 50 per cent of our electricity demand from renewable sources by 2020.

"The total renewables capacity installed, consented and under construction in Scotland is now over 4.5 GW - we are now less than 500 MW short of our 5 GW target by 2011.

"Many centuries ago Scotland was the first country to recognise the importance of hydro energy and to use the water around us to create electricity.

"Today hydro energy continues to be an important source of power, but if we are to achieve our ambition of making Scotland the green energy capital of Europe we must realise the potential of our huge untapped water resources.

"With the £10 million Saltire Prize we have made clear our commitment to renewable energy. The largest innovation prize in the world will set a challenge for Scottish and international scientists to push forward new frontiers in marine renewable energy for world-wide benefit.

"Renewable energy is at the heart of this Government's vision of increasing sustainable economic growth and developments such as Glendoe are a positive step in our journey towards this goal."

The Saltire Prize is a £10 million award - the biggest innovation prize in history - designed to galvanise international scientists to push the frontiers of innovation in the crucial area of clean, green marine renewable energy. See

Recently, the Scottish Government approved the Clyde windfarm, a new biomass plant at Markinch in Fife, and an extension to Crystal Rig Windfarm - these three recent projects alone amount to a total private investment of over £800 million in green energy schemes over the last few weeks.