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Renewable crypto mining - from cow to coin

Hydro-electric schemes under threat from state-aid rates relief loophole

SOME of Scotland’s country estates are facing a financial crisis after a state aid loophole in a rate relief scheme hits green hydro-electric operators who produce almost a fifth of renewable energy output. Estates which sought to diversify into green energy schemes are being hit hardest through a bigger rates burden - because they have created multiple hydro schemes. A handful of operators are now said to be facing bankruptcy and campaigners are appealing for minsters’ help in the crisis. Hydro-electric generation in Scotland has a heritage going back to the days when it drove aluminium smelting plants at Kinlochleven and Fort William.

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