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The Low Carbon Economy Ltd

28 May 2010 05:05:04

Availability of funding 'will affect renewable heat market'

Availability of funding 'will affect renewable heat market'
Availability of funding will be a key factor in the growth of the market for renewable heat technologies, an expert has claimed

The Department of Energy and Climate Change (DECC) plans for a renewable heat incentive to come into force in April 2011, which will cover technologies such as ground source heat pumps, biomass boilers and solar thermal devices

Stewart Purchase, director of housing division at Geothermal International, identified that the social housing market has been a growth area for ground source heat pumps, but there are concerns about funding availability.

"Obviously with the current coalition government and what we suspect is going to be coming down the line, the funding for either new social housing or refurbished social housing is in doubt," Mr Purchase explained.

He said that the other key area for heat pumps was large rural properties.

Mr Purchase added that he believes many people had been "sitting on their hands" in the past couple of months, creating a "very quiet" market.

The DECC estimates that the amount of heat generated from renewable sources may need to increase from the current one percent today to 12 percent to meet emissions targets. ADNFCR-1235-ID-19808235-ADNFCR

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