With two production facilities nearing completion in Mississippi and Louisiana, the Baton Rouge Transit Facility is a vital link between the fiber resources of the lower Mississippi and a power station in North Yorkshire, England.
On Aug. 7, Drax Group plc released a statement indicating that its second unit conversion is no longer eligible for an investment contract. Rather, the company is expected to proceed with the conversion with support under the Renewables Obligation.
Drax had thought it was favourite to get two 'contracts for difference', designed to encourage investment in renewables
It is hard to keep up with the twists in the tale of Drax's attempts to win fixed-price government subsidies to help convert...
Shares in power company fall 10% after judges say one new biomass-fuelled generator is not eligible for funds
Power generator Drax has admitted defeat in a row over the government's decision to pull the plug on a lucrative subsidy after the court...
The Drax Group plc has announced financial results for the first half of the year, reporting that biomass now accounts for more than 20 percent of the its output. Both the first converted unit and the enhanced cofiring unit are performing well.
Power station group on track with conversion to low-carbon biomass burning
Drax, the power group in the process of converting coal-fired units to biomass, has been hit by the rising cost of carbon tax.
Half year earnings fell 15% to £102m, and...
A recent regulatory filing made by the Drax Group plc indicates the company could be one step closer to securing an investment contract for a second biomass unit conversion under the Final Investment Decision Enabling (FID Enabling) mechanism.
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