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United Kingdom: Court of Appeal ruling deals blow to Drax biomass plans
2014-08-07 13:06:00| Climate Ark Climate Change & Global Warming Newsfeed
BusinessGreen: High-profile plans to convert the UK's largest coal-fired power plant to run on biomass are once again facing an uncertain future, after the Court of Appeal ruled that operator Drax would not be able to take advantage of a new subsidy contract for one of its two proposed biomass conversion projects. Shares in Drax fell more than 10 per cent this morning, after the Court reversed a previous High Court ruling that had said the company was eligible for early support under the government's new Contract...
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Category:Electronics and Electrical