GEOTHERMAL

GEL awarded first ever CfD for geothermal energy

Geothermal Engineering Limited (GEL), a leading developer and operator of geothermal plants in the UK, together with its investors Kerogen Capital and Thrive Renewables, has announced that it has been awarded Contracts for Difference (CfD) in the UK Allocation Round 5 (AR5) process for three projects.

 UK geothermal energy specialist GEL has been awarded Contracts for Difference (CfD) in the UK Allocation Round 5 (AR5) process for three projects

UK geothermal energy specialist GEL has been awarded Contracts for Difference (CfD) in the UK Allocation Round 5 (AR5) process for three projects

These are the first-ever CfD allocated to geothermal. The contracts will run for 15 years and are underwritten by the UK government. The successful CfD allocations are a significant milestone for the...

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