The director of the Association for Decentralised Energy Tim Rotheray believes the industry can prosper despite the UK’s decision to leave the European Union.
Rotheray told Network website, there is “plenty of opportunity” for growth in the UK’s burgeoning heat sector despite the decision, while conceding it is “very difficult to actually know precisely what the impact will be.”
A recent budget allocation from HM Treasury awarded heat sector £320m, which will be used to support local authorities in such projects. However how the new housing and building sector reacts to Brexit will be a key indicator for district heating.
Rotheray told Network it is important that heat is not forgotten during the UK’s negotiations with Europe, and appropriate considerations are given to multinational companies operating in heat to ensure the UK is an attractive place to invest in heat infrastructure in comparison to the EU.
He added that keeping standards such as the European energy efficiency directive would be “helpful”, but actual investment frameworks and mechanisms are already decided on a member state level.
“What we would seek to make sure is that the UK is either more attractive than or as attractive as other markets so that the market can continue to grow here so that will be the challenge,” he said.
Source: Decentralized Energy