Wednesday, March 9, 2016

United Kingdom: Decision on Rosemanowes Quarry Geothermal Project Funding Today

Councillors urged to back Cornish hot rocks project with £1.5m (West Briton)

Plans to develop geothermal "hot rocks" energy in Cornwall could get a boost today (Weds) if councilors back calls to allocate £1.5million to encourage further investment in the industry.

Cornwall Council's cabinet meets later to consider a report which says the cash is needed to unlock more money from the European Union.

The report says a geothermal project generating 15 MW could power 25,000 homes and create up to 260 jobs.

"The deep geothermal resource in Cornwall, if successfully exploited, has the potential to provide Cornwall with significant economic, environmental and social benefits," says the report.

"Knowledge of the resource dates back some 40 years to the Camborne School of Mines 'Hot Dry Rocks' project at Rosemanowes Quarry, between Falmouth and Helston.

Read More.........