Infrastructure investment manager Ancala Partners has raised £51 million of debt facilities for Green Highland Hydro, the asset-ownership vehicle for hydroelectric power assets developed by Green Highland Renewables.

Ancala acquired the business on behalf of its investment funds in April 2015. The debt facility, which has been underwritten by Allied Irish Bank and ING, has been raised against a portfolio of 10 hydro assets. Four are operational and the rest are scheduled to be commissioned over the next 12 months.