In European geothermal markets, Iceland counts its reliable geothermal as key to its economy. Navan, Ireland is looking at geothermal. The UK government has a new report out, and a district heating project is approved in Manchester area.
This week news of European geothermal markets comes from the northern islands of Iceland, Ireland, and the UK. While Iceland has counted on its reliable geothermal during difficult economic times, Ireland is rather new in the industry. The UK government has a new report out, and a district heating project is approved in Manchester area.
An article on Finfacts.ie assesses Iceland’s economy; “[it]’s recovering but it is still in crisis with capital controls reducing the potential for foreign investment and this month the central bank warned that Iceland’s private sector faces the risk of being unable to repay its foreign currency debt.” While the article points out sobering details about the economy, the northern nation’s natural resources are one of the positive points. In fact Iceland’s “hydro power and geothermal resources, enables it to produce electricity five times the requirements of the local population.”
A multimillion-Euro 20-MW geothermal energy project is proposed for the town of Navan, Ireland. Plans call for wells to be drilled to a depth of 4.5 km and heated to 160 degrees. The Chamber noted benefits such as job creation as well as infrastructure for a new regional hospital. Meathchronicle.ie
In the UK, a report prepared for the Department of Energy and Climate Change (DECC) by Atkins looks at the geothermal power market, including: “a review of existing deep geothermal studies, an assessment of the feasibility of geothermal power production, a review of the costs and returns, the potential for technological innovation, and concludes with some possible next steps.” Gov.uk
Meanwhile, plans from the company GT Energy are approved for exploratory drilling for a geothermal district heating project in the Ardwick Manchester area. Bbc.co.uk writes: “Drilling rigs are 40 m (130 ft) high and the plant will take 12 months to build. The water temperature underground, in the ancient Cheshire Basin reservoir, is about 100C (212F).” See also Ontheplatform.org.uk