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United Downs Geothermal
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United Downs Geothermal

  • 2% a year
  • 1 yr 2 mos

Geothermal energy can provide thousands of homes with a continuous supply of electricity, with little to no emissions, by using naturally heated and pressurised water to power turbines. United Downs Geothermal is seeking to create Cornwall’s first geothermal energy plant. This investment funded the exploratory drilling stage of the project and was repaid in 2019.

Total funded
£5,235,000
Investors
1,418
Closed
Aug 2017

  • Exploring the potential of geothermal

    Naturally heated water can provide sustainable heat and electricity

  • Developing Cornwall’s first geothermal plant

    Cornwall has unique geological conditions making geothermal possible

  • Diversifying UK green energy production

    Exploring a new source of homegrown energy with a global track record
Read: Details of early repayment