The UK’s largest power plant has unveiled plans to sell $290m worth of shares in order to fund conversion of its boilers to a “predominantly biomass-fuelled electricity generator.”
Changes to UK energy subsidies have prompted the transformation of the country’s biggest coal fired power station at Selby in Yorkshire into Europe’s biggest renewable energy plant.
Drax intends to up the level of biomass it uses by spending up to $1,127bn on converting three of its six generating units to support biomass, the first of which could be burning wood pellets by June next year.
The announcement came the day after Centrica pulled out of two planned dedicated biomass plants, claiming the government offers relatively poor support for the technology compared for that on offer to plants that co-fire biomass with other fuels or convert existing plants to run on biomass.
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