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UK Government Seeks To Fire Up Investment In Renewable Heat

Date: 18 March 2011

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5 pages, 1 figure

Executive Summary

On March 10, 2011 the UK government launched the Renewable Heat Incentive (RHI), a scheme to incentivize the installation of renewable heat technologies in domestic and non-domestic sectors. From July 2011, the government will ring fence the installation of eight renewable heat technologies with investments of £860 million. The scheme follows the launch of the renewable energy feed-in-tariffs (FITs) in April 2010, and forms part of the UK government’s efforts to incentivize the business case for small-scale renewable energy. The RHI provides opportunities for firms as it encourages closed loop industrial systems and allows large scale decentralized heat generation. Some barriers to the adoption of renewable heat technologies remain, including securing initial capital financing and physical obstacles to retrofitting existing buildings.

TABLE OF CONTENTS

UK LAUNCHES RENEWABLE HEAT INCENTIVE SCHEME
RHI Supports The Installation Of Eight Renewable Heat Technologies
RHI Aims To Catalyse Private Investment In Heat Technologies
Implementation Obstacles Will Slow The Adoption Of Renewable Heat Technologies

TABLE OF FIGURES

Figure 1. Tariff Levels Depend On Technology Installed

COMPANIES MENTIONED

Barratt Homes, Co-operative Bank, E.ON, Ofgem, Triodos, UK Department of Energy and Climate Change