Drax, Energy industry, Business, UK news, Biomass and bioenergy, Energy, Environment Business | The Guardian
Owner of North Yorkshire power station earned £393m in government subsidies to biomassThe owner of the Drax power plant in North Yorkshire will give shareholders a £300m windfall after a surge in taxpayer subsidies boosted its profits for the first half of the year to more than £500m.The power station, which earns hefty subsidies from burning biomass wood chips, mainly shipped from North America, generated almost a third more electricity over the first half of this year compared with the same months last year. Continue reading…
Owner of North Yorkshire power station earned £393m in government subsidies to biomass
The owner of the Drax power plant in North Yorkshire will give shareholders a £300m windfall after a surge in taxpayer subsidies boosted its profits for the first half of the year to more than £500m.
The power station, which earns hefty subsidies from burning biomass wood chips, mainly shipped from North America, generated almost a third more electricity over the first half of this year compared with the same months last year.
