As the festive season starts to bring crisp, frosty mornings and the occasional snowfall, our team is keeping warm - not by lounging by a crackling fire sipping a hot mug of cocoa - but by recording a podcast on heat networks!
Heat networks have a crucial role in decarbonising the supply of heat in urban areas. The government plans to accelerate the development of heat networks, aiming to increase their contribution to the UK's total heat supply from 3% to 20% by 2050. Investment opportunities are projected to range between £60bn and £80bn by 2050. Heat networks are also undergoing a major transformation as the Energy Act 2023 put in place a framework for the regulation of heat networks by Ofgem as well as for heat network zoning.
Listen above, or here, to this podcast in which members of our Real Estate and Corporate Energy teams explore: (i) how the forthcoming regulations, which will implement the regulation of heat networks and heat network zoning, will impact real estate investors and developers; and (ii) what real estate investors and developers should be doing now to prepare ahead of these regulations coming into force.
Come back tomorrow to open the advent calendar door to our festive SDLT quiz!
Key contacts
Chloe Taylor
Trainee Solicitor, London
Disclaimer
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