Investors are wanted for a Snowdonia hydropower project being developed by a Welsh farming family.
The project within the Snowdonia National Park is a high head run of river scheme with a potential installed capacity of in excess of 500kW.
The current owners have already secured an abstraction and impoundment licence through the regulator Natural Resources Wales (NRW) but need further investment to take it to the next stage.
The scheme is now being marketed by Baileys and Partners who described as an “exciting opportunity”.
Director Edmund Bailey said he had already received a high level of interest just days after advertising the scheme.
He said this had come from hydro investors and developers as well as community ventures - but he also expects heavy industry may see this as a way of off-setting their carbon use.
He added: “Whilst the Feed in Tariff (FiT) support mechanism is not available for this scheme, we envisage the motivations to invest coming from those who are ambitiously trying to meet net zero carbon emissions whilst also considering their corporate reputation and corporate social responsibility and governance.
“The market for carbon investments linked to the urgency of the climate agenda has significantly boosted interest in the voluntary market for different types of carbon offsets.”
He added: ”In addition to producing renewable energy, the scheme has the capacity for facilitating biodiversity enhancement as it is located within an environmentally and culturally important setting.
“The income arising from scheme should also be able to contribute to ongoing positive management of the surrounding farmland.”
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