In 2025 Dalmore acquired two run of river hydro electricity power generation portfolios.
- Energy
Hydropower Generation
- Dalmore Capital Fund 4
Case study overview
Combined the portfolio comprises 16 operational sites with a total generation capacity of over 12MW. All 16 sites are located in the Highlands of Scotland and are supported by inflation linked Feed-in-Tariffs. Unlike the majority of UK operational renewables, the portfolio provides generation during peak winter months that is uncorrelated with overall market supply, key to delivering a net zero grid mix which can balance grid supply with the demand needs of consumers.
Sector
EnergyFund
Dalmore Capital Fund 4, Co-InvestmentsFirst Investment date
January & September 2025Shareholding
100%
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Investment strategy
How we invest
For the past 14 years Dalmore has focused on investing in infrastructure that provides services critical to the functioning of society.
Through disciplined selection Dalmore funds have invested in lower volatility assets without significant exposure to GDP, traffic, usage or market price risk. Geographically Dalmore’s focus remains the UK, although we also manage assets in Europe and North America.
Looking forward, the UK mid-market core and core-plus segment continues to be our main focus, which we believe offers opportunities where disciplined underwriting, a thorough analysis of market exposure and local market expertise may support attractive risk-adjusted returns.