Scotland Signs Off On SSE's $1.3B Pumped Storage Plant

Law360, New York (December 13, 2013, 1:53 PM EST) -- SSE PLC got the green light from Scottish officials Friday to develop a 600-megawatt hydroelectric pumped storage plant, but the £800 million ($1.3 billion) project is stalled as the British utility waits for more supportive regulations and lower fees.

The proposed pumped storage facility, dubbed Coire Glas, would be developed at Loch Lochy in the Great Glen, SSE said. The facility would extract, store and release energy to and from Britain's electricity transmission system.

With an energy storage capacity of up to 30-gigawatt hours, Coire Glas...
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