Fund manager Dalmore Capital has acquired the entire share capital of hydropower company Triple Point Energy Transition Holdings for £44.1 million.
Triple Point’s portfolio includes nine run of river hydro sites located in Scotland, totalling 6.6MW in capacity. Dalmore said the assets are highly cash generative with revenues backed by long term Feed-in-Tariff subsidies benefiting from RPI indexation. It said the portfolio offers “an attractive risk adjusted return, high inflation correlation and strong downside protection”.
Dalmore is an independent fund management company that invests in long-term infrastructure assets on behalf of institutional investors.

Alistair Ray, CIO of Dalmore Capital, said: “We are pleased to have acquired this hydro portfolio, offering our investors access to high-yielding and low-risk renewable generation assets that play an important part in the UK’s transition to net zero. It further diversifies our portfolio and supports our investment focus on long-term, low volatility infrastructure projects that deliver socio-economic and environmental benefits.”