Geothermal Power: Finance

(asked on 1st December 2025) - View Source

Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, if his Department will make an assessment of the potential merits of introducing a ring-fenced budget specifically for geothermal projects in the next round of Contract for Difference funding allocations (AR8).


Answered by
Michael Shanks Portrait
Michael Shanks
Minister of State (Department for Energy Security and Net Zero)
This question was answered on 9th December 2025

Auction parameters and budget are set based on a wide range of factors, including an assessment of the potential project pipeline and progress towards decarbonisation targets. The Government will confirm the details of Allocation Round 8 budget and parameters closer to the time.

Reticulating Splines