U.K.'s Opus Energy enters hydroelectric power market

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European utility Opus Energy is expanding its generating fleet to include the company's first hydroelectric power projects, saying "businesses diversifying into renewables makes sound economic sense."

The deal, announced earlier this week, will see Opus Energy purchase power from a trio of small hydropower plants located in Scotland.

Included are two on the Auchencheyne Farm which will have a cumulative installed capacity of 57 kW, and a third 190 kW project located at Selcoth Farm. The first two are already in operation, while the latter will come on line by the end of this month.

"We're thrilled to be adding hydro generation to our portfolio," company official Steve James said. "We've found that many businesses aren't aware that, by generating renewable power and therefore putting a lower demand on the grid to supply them, they are also cutting down on rising industry charges."

Though Opus Energy had not yet previously entered into the hydro power market, the Northampton-based company said it has already expanded its portfolio to include other solar, wind and biomass power sources. A poll conducted by the company showed that its customers were in favor of even more renewable energy.

"The survey results were really exciting in showing that business are switched on to the idea of generating renewable power," James said. "The Opus Energy renewables team supports companies looking to move into renewable generation, in order to help them meet their goals of self-sufficient energy supply and generating additional income."

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