In light of recent delays to the government’s flagship support policy, the Renewable Heat Incentive, Sustainable Venture Intelligence’s Renewable Heat report segments and appraises consumer needs, technology groups, updated tariff rates and current market dynamics to identify the leading opportunities for renewable heat development throughout the UK.
Much of recent attention of the press, investors and other stakeholders seems to be focused on solar PV and the recent controversy over Feed-In Tariffs (FiTs). However, renewable heat represents a market over 10 times larger and with the sector accounting for over 40 per cent of UK carbon emissions and worth an estimated £45bn, there is clearly a sizeable – and largely overlooked – prize at stake.
Despite the mistaken propensity for aligning the delayed RHI with the controversial FiT-driven solar market, the key to commercial success – as successful FiT-based businesses discovered – is timing. Far from opportunities disappearing because the RHI has been delayed, many already exist and will become even more attractive once a stable support mechanism is in place.
SVI’s report on the UK’s renewable heat market provides proprietary analysis and forecasts for payback periods and rates of return on heat technologies currently eligible for RHI tariffs, at a time when coherent commentaries on opportunities in renewable heat are rare. It also identifies a number of potential growth areas in the sector through extensive market assessment across consumer needs, applicable legislation beyond the RHI and in-depth technology screening.
For more information, please visit www.svionline.co.uk/renewable-heat-details.
We are delighted to partner with Renewable Energy Installer and are offering REI subscribers a 15% discount on this report: please enter promotion code REI15 at checkout.
To read more about the report