Drax investors rebel over pay and political donations
Drax has received a bloody nose from investors, who vented their anger at executive pay and political donations at the energy firm's annual meeting.
Drax
Drax appoint new non-exec director
Drax Group has announced it will appoint a new non-executive director.
Campaigners urge ministers to reject UK’s largest gas power plant
Green campaigners are urging the Government to turn down plans for the UK's largest gas power plant to replace coal units at Drax in North Yorkshire.
Cruachan power station has new owner
Cruachan Power Station in Argyll has started 2019 under new ownership after a £702 million deal completed a minute before midnight on Hogmanay.
Fossil fuels are not against ScottishPower parent’s philosophy
As well as confirming that the vertically integrated UK energy utility model has much in common with the dodo, the Iberdrola sale of generating assets to Drax suggests that different perceptions of merchant power value are now a key strategic differentiator between energy companies.
ScottishPower hits out at accusations of ‘short-changing’ Scotland supply chain
ScottishPower has refuted accusations alleging the firm will shortchange the Scottish supply chain following its commitment to become a fully wind generated firm.
Drax power station says pilot scheme could make it ‘carbon negative’
Britain's biggest power station is piloting the first bioenergy carbon capture storage (Beccs) project of its type in Europe - a move it says could eventually make it carbon negative.
Wind power currently providing lionshare of UK electricity
Drax Electric Insights have pooled data provided by the National Grid and Elexon to show that power from wind turbines has been responsible for the lionshare of UK energy supplies.
SSE petition Chancellor for a ‘strong’ carbon price
Scottish energy company SSE and Yorkshire outfit Drax have asked that Philip Hammond post a ‘robust and strong’ carbon price come the Autumn budget announcement.
Drax shareholders met by protestors as they reject executive pay
Shareholders in British power group Drax have been met with angry protestors.
Conservationists attack UK burning of wood from US forests
Wood from forests “teeming with wildlife” in the US is being burned for electricity in the UK, conservationists have claimed.
Drax considers mothballing coal-fired power plant
British power producer Drax mothball its coal-fired power generation units as part of a strategy review triggered by competition from cheap gas and renewables.
Drax Group tackles tough trading conditions
Power station operator Drax Group said trading in its market has remained challenging although expectations for 2015 remain unchanged.
Capture Power said it remains committed to White Rose CCS project
Capture Power said it would retain its commitment to the delivery of the White Rose Carbon Capture and Storage (CCS) project after one of the consortium members pulled out. Drax said it was pulling out of the major scheme to develop technology to store emissions amid concerns over Government green policy changes. The company blamed the “drastically different financial and regulatory environment” which has seen the wholesale price of electricity drop and moves by the Government to rein back support for low carbon technology.
Drax pulls out of carbon capture scheme
Drax power company has announced it is pulling out of a major scheme to develop technology to store carbon emissions, amid concerns over Government green policy changes. The firm said it would complete the feasibility study on a carbon capture and storage (CCS) project to catch up to 90% of emissions from a power station and store them permanently under the North Sea, but would not invest any further in the “White Rose” scheme. Drax blamed the “drastically different financial and regulatory environment“ which has seen the wholesale price of electricity drop and moves by the Government to rein back support for low carbon technology.