Archive

  • Drax produces 65% of electricity from biomass, boosting profits

    20 February 2017

    Drax Group, which operates the UK's largest coal fired power station, produced 65% of its energy from renewable biomass in 2016, making it the country's single biggest generator of renewable energy.

  • EF BRIEFS: SunEdison, Generation IM, EDC, Kingfisher, RWE, Drax

    02 December 2015

    India is planning to launch a $1 billion private equity fund to invest in its domestic renewable energy sector, according to the country's energy minister, Piyush Goyal.

  • UK renewables subsidy cuts blamed for solar companies' collapse

    09 October 2015

    Government cuts to UK subsidies for small-scale solar installations have come under fire after two rooftop solar companies went into administration within hours of each other and a third said it would exit the UK market.

  • Drax halts further investment in £1bn carbon capture project after subsidy cuts

    25 September 2015

    Drax Group, which owns the UK's largest power station is halting further spending on its £1 billion ($1.53 billion) carbon capture storage (CCS) project, blaming the country's "drastically different" investment landscape for renewable energy.

  • UK government faces legal challenge over cuts to CCL

    03 September 2015

    The UK government is to face legal action over its plan to cut the climate change levy (CCL) exemption, a tax exemption for renewable energy, from two UK businesses affected by the decision.

  • Coal-to-biomass switch boosts profits at Drax

    29 July 2015

    Drax Group, which operates the UK's largest power station, said the conversion of two of its six boilers to burn biomass rather than coal, helped it post a profit of £53 million ($83 million) for the first six months of this year.

  • UK government slammed for lifting renewable energy tax breaks

    09 July 2015

    Renewable energy consumption will no longer be exempt from tax in the UK, in a government move that has been slammed for discouraging investment in the sector.

  • European Commission backs CCS project with €300m

    08 July 2014

    The UK's Capture Power consortium was today awarded a €300 million ($408 million) grant by the European Commission to develop its White Rose carbon capture and storage (CCS) project near Selby, Yorkshire.

  • UK renewables support plans get mixed reception

    24 April 2014

    New subsidy proposals for major UK renewable energy projects have pleased some developers, but upset others.

  • Subsidy confirmation fuels share hike for biomass-burning plant

    06 December 2013

    One of Europe's largest coal-burning power plants could convert all of its units to burn biomass, in a move that would boost its operator's share price by more than 50%, after the UK government confirmed the level of subsidy support for the technology, analysts have claimed.