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Heat Networks Investment Project (HNIP) - Guidance
Nine applications were successful in the pilot phase of the £320m Heat Network Investment Project (HNIP). Total awards are worth over £24m.
The supported heat network projects provide heat to approximately 5,000 domestic customers and 50 non-domestic buildings. Of the domestic customers on the supported networks, approximately 2,500 will see bill savings against the counterfactual heat source and, of the non-domestic customers, 19 will see savings. A total of 216,324t CO2 will be saved over the next 15 years, across all 9 heat networks. Total heat supplied annually by these networks will be around 85,000 MWh/year.
The £320m Heat Networks Investment Project (HNIP) capital investment programme is expected to support up to 200 projects by 2021 through grants and loans and other mechanisms and to lever in up to £2bn of wider investment, reducing bills, cutting carbon and forming a key part of wider urban regeneration in many locations. A consultation was carried out on this funding in 2016
Policy milestone details
Start date: 2018-4-7
Countries: UK -
Milestone source: Link to BEIS website
Milestone type: Policy/project implementation
Sector: Heat and power generation - Finance and investment -
Organisation: Department for Business, Energy & Industrial Strategy
Subjects: Banking, finance and investment, Energy policy, Heat networks
