22/09/2010
Foster Publishes Findings Examining Renewable Heat In NI
Energy Minister Arlene Foster has published the main findings from a significant study examining the potential for renewable heat in Northern Ireland.
The study has concluded that Northern Ireland has the potential to obtain 10% of its heat energy from renewable sources by 2020. It has provided a firm evidence base to allow decisions as to how the market can be most appropriately encouraged and developed.
Commenting on the conclusion of the study, Ms Foster said: "I recognise the contribution that an increased renewable heat market in Northern Ireland could have, not only on wider energy policy goals such as fuel security and reduced carbon emissions, but also the tremendous opportunities this sector presents for green jobs."
Great Britain is currently planning to reward renewable heat installations from April 2011 through a Renewable Heat Incentive (RHI). Decisions on the final design of the RHI will be taken as part of the Government’s spending review.
The Department of Enterprise Trade and Investment study examined the need for a similar scheme and has concluded that a RHI which takes into consideration the specific Northern Ireland heat market should be developed, providing it is economically viable.
The Minister continued: "The renewable heat industry in GB has been bolstered by the Government’s recent commitment to introduce an incentive scheme. I hope that my announcement today will give similar confidence to the renewable market in Northern Ireland.
"The Northern Ireland heat market is very different to the market in GB and therefore a specific renewable heat incentive scheme needs to be developed here to take into account our unique circumstances. I believe an RHI model that would support renewable heat installations from September 2010, could work for Northern Ireland as it has the potential to provide long-term stable support and confidence for the market to invest.
"In light of the current financial constraints that government is facing, it is important that a full appraisal is carried out on a Northern Ireland specific RHI to ensure that it is viable, economic and could be appropriately funded in the future."
(CD/GK)
The study has concluded that Northern Ireland has the potential to obtain 10% of its heat energy from renewable sources by 2020. It has provided a firm evidence base to allow decisions as to how the market can be most appropriately encouraged and developed.
Commenting on the conclusion of the study, Ms Foster said: "I recognise the contribution that an increased renewable heat market in Northern Ireland could have, not only on wider energy policy goals such as fuel security and reduced carbon emissions, but also the tremendous opportunities this sector presents for green jobs."
Great Britain is currently planning to reward renewable heat installations from April 2011 through a Renewable Heat Incentive (RHI). Decisions on the final design of the RHI will be taken as part of the Government’s spending review.
The Department of Enterprise Trade and Investment study examined the need for a similar scheme and has concluded that a RHI which takes into consideration the specific Northern Ireland heat market should be developed, providing it is economically viable.
The Minister continued: "The renewable heat industry in GB has been bolstered by the Government’s recent commitment to introduce an incentive scheme. I hope that my announcement today will give similar confidence to the renewable market in Northern Ireland.
"The Northern Ireland heat market is very different to the market in GB and therefore a specific renewable heat incentive scheme needs to be developed here to take into account our unique circumstances. I believe an RHI model that would support renewable heat installations from September 2010, could work for Northern Ireland as it has the potential to provide long-term stable support and confidence for the market to invest.
"In light of the current financial constraints that government is facing, it is important that a full appraisal is carried out on a Northern Ireland specific RHI to ensure that it is viable, economic and could be appropriately funded in the future."
(CD/GK)
Related Northern Ireland Business News Stories
Click here for the latest headlines.
22 July 2011
Consultation Underway On Renewable Energy
Fresh proposals are being launched to develop the local renewable heat market. Renewable heat is heat produced from renewable sources such as solar radiation, biomass materials, heat pumps, geothermal energy, anaerobic digestion and waste materials.
Consultation Underway On Renewable Energy
Fresh proposals are being launched to develop the local renewable heat market. Renewable heat is heat produced from renewable sources such as solar radiation, biomass materials, heat pumps, geothermal energy, anaerobic digestion and waste materials.
06 December 2010
Ground Heat Pumps 'Beat The Freeze'
As 'deep freeze' weather conditions swept across the British Isles, a 'ground-breaking' way to obtain power has been underlined as a way to heat-up NI's economy.
Ground Heat Pumps 'Beat The Freeze'
As 'deep freeze' weather conditions swept across the British Isles, a 'ground-breaking' way to obtain power has been underlined as a way to heat-up NI's economy.
04 November 2011
Alternative Heat Grows Market Presence
Castlewellan-based Alternative Heat has secured new business in Scotland worth £540,000 with support from Invest Northern Ireland. Alternative Heat designs and installs renewable energy systems for domestic and commercial markets across the UK and Republic of Ireland.
Alternative Heat Grows Market Presence
Castlewellan-based Alternative Heat has secured new business in Scotland worth £540,000 with support from Invest Northern Ireland. Alternative Heat designs and installs renewable energy systems for domestic and commercial markets across the UK and Republic of Ireland.
26 October 2012
Heavenly Tasty Organics To Represent NI
Heavenly Tasty Organics, the Omagh-based manufacturer of organic baby weaning meals, will represent Northern Ireland at next month's final of The Pitch, the UK's biggest small business competition.
Heavenly Tasty Organics To Represent NI
Heavenly Tasty Organics, the Omagh-based manufacturer of organic baby weaning meals, will represent Northern Ireland at next month's final of The Pitch, the UK's biggest small business competition.
11 February 2005
Renewable energy to cost customers 5% more
Green electricty may save the environment but at a cost to consumers who, in order to help the government meet renewable energy targets, will face an increase of around 5% in electricity bills by 2010.
Renewable energy to cost customers 5% more
Green electricty may save the environment but at a cost to consumers who, in order to help the government meet renewable energy targets, will face an increase of around 5% in electricity bills by 2010.