The World's #1 Renewable Energy Network for News, Information, and Companies.

EON, GT Energy Plan 140 Million-Pound Geothermal Growth in U.K.

EON, GT Energy Plan 140 Million-Pound Geothermal Growth in U.K.

GT Energy, an Irish geothermal power developer, plans a 140 million-pound ($219 million) expansion across Britain in partnership with EON AG's U.K. unit.

The companies will build five 7-megawatt plants to provide heat to homes and businesses, Padraig Hanly, managing director of Dublin-based GT Energy, said today by e-mail after signing a memorandum of understanding with EON. The first, in northwest England, is scheduled to start operating in 2014.

The partners are tapping into growing demand for clean energy as the government promotes heat and power generation that curbs emissions while reducing reliance on fossil fuels. The U.K. last year opened an 860 million-pound Renewable Heat Incentive program, subsidizing output from sources such as geothermal and solar thermalgenerators and biomass boilers.

Britain has a target to get 15 percent of its energy and 12 percent of its heat from renewable sources by 2020. Heating and hot water account for 47 percent of U.K. energy demand and 46 percent of carbon dioxide output, according to the government. Geothermal projects can help cut emissions by using energy from hot springs or underground steam fields to produce electricity.

GT Energy was unable to comment immediately on financing for the planned facilities.

Copyright 2012 Bloomberg

CURRENT MAGAZINE ISSUE

03/01/2015
Volume 18, Issue 3
file

STAY CONNECTED

To register for our free
e-Newsletters, subscribe today:

FEATURED PARTNERS



EVENTS

National Geothermal Summit 2015

The Geothermal Energy Association (GEA) is pleased to be holding its fif...

Energy Storage USA 2015

Energy Storage USA is the leading conference in the United States focuse...

GEA Geothermal Energy Expo 2015

Every year, the Geothermal Energy Expo® hosts the world's largest ga...

COMPANY BLOGS

Net Zero Energy Efficient Buildings and Geothermal Heat Pumps

As the U.S. market for green building design and construction evolves, ...

Clean Energy Patents Rise in 2014, Solar Tops others, Toyota and GM...

U.S. patents for Clean Energy technologies in 2014 were again at an all ...

California Solar Installations Put 6 Gigawatts of Power Online

That’s according to figures from the California Independent System...

SOCIAL ACTIVITY

Tweet the Editors! @megcichon @jennrunyon

NEWSLETTERS

Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now  

 

FEATURED PARTNERS