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SSE Plans Hydroelectric Plant in Scotland to Power 10,000 Homes

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May 8 (Bloomberg) -- SSE Plc, the U.K.’s second-biggest energy supplier, plans to build a 30 million-pound ($46.5 million) hydropower plant in Ross-shire, northern Scotland, that will provide enough electricity for about 10,000 homes.

The utility will begin building the 7.5-megawatt facility in the second half and the plant will start working toward the end of 2015, SSE said today in a statement on its website.

Hydro developers in Scotland, which wants all its electricity to come from clean sources by 2020 from about 39 percent now, qualify for so-called Renewable Obligation Certificate incentives. These amount to about 44 pounds a megawatt-hour at current prices.

To contact the reporter on this story: Louise Downing in London at ldowning4@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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