St Johns Hydroelectric Energy Storage Project

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4 FAQs about St Johns Hydroelectric Energy Storage Project

Who owns Red John pumped storage hydro scheme?

Norwegian hydropower electricity producer Statkraft - which describes itself as Europe's largest renewable power generator - has announced it will acquire the Red John Pumped Storage Hydro Scheme from Scottish clean energy development company Intelligent Land Investments Group (ILI). Financial details of the transaction were not disclosed.

How much does the 450MW Red John pumped storage hydro project cost?

Financial details of the transaction were not disclosed. ILI took the 450MW Red John Pumped Storage Hydro project from initial conception to being development ready after was first conceived in 2015. The scheme was granted consent by Scottish Government ministers in June 2021, and which point it was costed at £550M.

How many pumped storage hydro projects are there in the UK?

There is over 5GW of pumped storage hydro projects in the UK pipeline which will inject billions into the economy and create over 15,000 new jobs. We encourage the UK Government to provide the support mechanisms now for long duration storage and strive to become a world leader in achieving net-zero.”

Will Statkraft buy 450 MW Red John pumped storage hydro scheme?

Norwegian green power giant Statkraft has announced its intentions to buy the 450 MW Red John Pumped Storage Hydro Scheme in Loch Ness. The facility will join Statkraft's already impressive Scottish renewables portfolio. Our daily news digest will keep you up to date with engineering, science and technology news, Monday to Saturday.

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