17 Sep 2010 10:09:11
DECC accepting geothermal project applications
Applications for projects to explore the UK's potential for geothermal energy production are being received by the Department of Energy and Climate Change (DECC).
Some £1 million is available from the Deep Geothermal Energy Fund, which will be open for applications until October 29th.
The DECC said that the development of deep geothermal energy sources would help diversify the UK's energy mix and reduce the country's reliance on imports.
Chris Huhne, secretary of state for energy and climate change, said that geothermal power from the south-west alone would provide for two percent of the UK's energy needs.
"Offering this funding will give UK-based innovators a chance to get their projects off the ground and into our energy mix," he added.
All bids will be assessed by a panel assigned by the DECC and the successful applicants will be announced shortly after the closing date.
The UK government's target is for 15 percent of the country's energy to come from renewable sources by the year 2020.