Dalmore Capital has acquired a portfolio of seven hydro energy assets in Scotland from EDGE Hydro Investments.
The infrastructure fund manager, investing on behalf of a “significant UK pension fund”, has acquired the 5.95MW run-of-river hydro assets through a managed account for an undisclosed sum.
The deal follows Dalmore’s earlier acquisition of a 6.6MW portfolio of nine run-of-river hydro assets from Triple Point Energy Transition Holdings in January.
Dalmore said all assets across both portfolios are unlevered and located in the Scottish Highlands, “offering potential for significant synergies”.
The deal also represents Dalmore’s first investment since Royal London Asset Management announced its acquisition of the firm in May 2025, a transaction expected to close before year-end.
Alistair Ray, chief investment officer at Dalmore Capital, said: “Our second investment in the hydro sector in quick succession demonstrates the value we see in owning these assets – they are high-yielding and low-risk renewable generators, key to delivering a net-zero grid mix which can balance grid supply with ever-increasing demand of consumers.”
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