We have geothermal development incentive The UK could control the long-term identified that setting the Minima of 50 (GDI) for heat projects; and cost by limiting the use of a GDI to the MWe for geothermal projects, along with first 30 projects which meet application guaranteeing the current administrative price – Update the CfD for geothermal conditions. [...] Deep Geothermal in the UK Deep Geothermal Energy Opportunities for the UK 11 Overview of the UK’s deep geothermal market The UK has a long history with History of the UK geothermal industry geothermal although exploitation of its resources has been slow. [...] In any case, the growth of geothermal heat 0projects would be expected to be predominantly Heat project growth The UK has the capability and the resources to through the construction of geothermal 2020 2025 2030 2035 2040 2045 2050 In the Netherlands, deep geothermal projects deliver projects at a rate similar to the doublets (i.e. [...] Following there would also be the use of deep standing Potential growth in the geothermal market for the UK 13 Annual heat produce (GWhr) Overview of the UK’s deep geothermal market The potential for heat across Short term growth the UK is not constrained to There are currently a variety of places across Potential to development the UK (in Cumbria, Cheshire, Greater By 2025 there is potential to d. [...] UK OGA [26] 20 Getting the UK “Geothermal Ready” With the end of the Non-Domestic Reducing the risk profile The UK’s existing Renewable Heat Incentive have a significantly detrimental effect on the Renewable Heat Incentive (RHI) Geothermal incentives vary by country and (RHI) has a dedicated tariff for deep geothermal development of deep geothermal in the UK.
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- 27
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- United Kingdom
