The two run-of-river schemes- Liatre Burn, on the Glen Cannich estate, and Abhainn Bruachig, near Kinlochewe- will generate around 2.8GWh of renewable electricity per year, enough to power 700 homes.
Construction of both projects is in progress and expected to be completed before the end of the year.
Volker Beckers, Chair, Albion Community Power, said: “We are delighted to announce two new projects as we continue to invest in small-scale hydropower.
“Institutional demand for community-scale renewable energy continues to grow and ACP is well placed to benefit from this trend.”
The new highland schemes are the third and fourth community-scale Scottish hydro projects that ACP is developing.
Investing in the projects put forward by ACP are UK Green Investment Bank (GIB), Strathclyde Pension Fund (SPF) and Greater Manchester Pension Fund (GMPF).
Ed Northam, Head of Investment Banking at UK Green Investment Bank, said: “Community-scale projects improve the efficiency of the network by generating electricity close to where customers need it.
“We believe that decentralised schemes like Liatre Burn and Bruachaig are an important part of the energy mix and have a significant role to play in increasing security of supply, reducing costs and cutting greenhouse gas emissions.”