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Pixie Chart of the Week

2019

Heat network investment – an increasingly hot prospect

Emily Lewis Analyst

On 6 August, BEIS published the 2019 Q2 Heat Networks Project Pipeline. The summary brings together a range of investment opportunities across projects supported through their development stages by the Heat Networks Delivery Unit (HNDU) and projects seeking capital support from the Heat Networks Investment Project (HNIP). In this week’s Pixie Chart of the Week, we look at the Q219 capital expenditure (capex) pipeline and compare this with the previous quarter. The Q219 report states that the capex pipeline is now £1.2bn, almost double that for Q119 (£689mn). However, the capex pipeline for projects under construction has remained the same at £50.9mn. A key addition to the pipeline since Q1 is the inclusion of projects seeking capital support from the Heat Networks Investment Project (HNIP). The £320mn HNIP scheme opened in February and is expected to support 200 projects by 2021. In the Q2 pipeline, £484.4mn, shown in red, relates to HNIP projects and is the main driver behind pipeline growth. The pipeline now consists of 54 projects, an addition of four from Q119. Alongside pipeline projects, BEIS are working with Local Authorities on a number of live projects across England and Wales. Project growth is uneven across the country, with most growth being in the South West and London. The East of England has three projects, two of which are actively supported by HDNU.     One initiative supported by the HDNU is the Swaffham Prior Energy Centre. The project sponsor is Cambridgeshire County Council and total ...

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