PERTH-based Green Highland Renewables, which is involved in developing small and medium-scale hydropower generation schemes, has raised £3.3 million from Scottish Equity Partners' Environmental Energies Fund and taxpayer-funded Scottish Enterprise.
The deal will give the two investors a "large majority" stake in the business, Green Highland Renewables (GHR) managing director Ian Cartwright said.
He added that the £3.3m was split "pretty well 50-50" between SEP's Environmental Energies Fund and economic development agency Scottish Enterprise.
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