Isra-Mart srl : Solar firms sign £52m deal to tap Renewable Heat Incentive demand

www.isra-mart.com

Isra-Mart srl news:

Predictions of soaring demand for solar thermal systems following the launch of the government's Renewable Heat Incentive (RHI) have prompted two of the UK's leading solar firms to sign an equipment deal this week worth up to £52m.

The partnership will see Solar Fusion agree to install solar thermal systems manufactured by London-based Surface Power.
Michael Byrne, chief executive of Solar Fusion, said that the two companies were now well positioned to benefit from the RHI, which comes into force in July offering payments for 20 years to businesses producing heat from renewable sources. Households are set to enter the scheme in 2012.

According to government figures, around half the UK's carbon emissions are currently produced through heating, 95 per cent of which is generated by burning fossil fuels.

But by 2020 the government expects the RHI to result in 13,000 renewable heat installations at industrial sites and 110,000 installations in the commercial and public sector, meeting a quarter of the country's heat demand.

Byrne argued that the policy would kick-start the next stage of the companies' developments in the UK.

"As a leading solar hot thermal integration company, it's important that we secure access to the most powerful solar thermal technology in advance of the RHI," he said. "High performance per square metre equals the highest RHI tariff paid per year by the government."