THE owner of Perth-based Green Highland Renewables has secured £51 million debt funding to support the growth of the hydro-electricity specialist. The Ancala Partners investment business said the new debt facilities will be used to support construction of six hydroelectric schemes by GHR, which will leave the firm with 10 hydro generators. The funding will also be used to refinance capital invested in operational assets. London-based Ancala said it has invested over £50m of equity into GHR since buying the business in 2015 and wants to continue to grow the firm. GHR has significantly outperformed its operational and financial targets since it was acquired.

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