Hill of Banchory Geothermal Energy Project Feasibility Study Report

Abstract

This feasibility study explored the potential for a deep geothermal heat project at Hill of Banchory, Aberdeenshire. The geology of the Hill of Fare, to the north of Banchory, gives cause to believe it has good geothermal potential, while the Hill of Banchory heat network, situated on the northern side of the town, offers a ready-made heat customer. The partners in the consortium consisted of academics and developers with relevant expertise in deep geothermal energy, heat networks, and financial analysis, together with representatives of local Government. They conducted geological fieldwork around the Hill of Fare, engaged with local residents to establish their attitudes to geothermal energy, and built business models to predict the conditions under which the heat network at Hill of Banchory would be commercial if it utilised heat from the proposed geothermal well. They also estimated the potential carbon emission reductions that could be achieved by using deep geothermal energy, both at Hill of Banchory and more widely