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Tag: drax
Drax pulls out of carbon capture scheme
2015-09-25 08:51:52| BBC News | Business | UK Edition
The energy company Drax pulls out of a 1bn carbon capture project because of the government's decision to reduce subsidies for renewable energy
Tags: capture
scheme
carbon
pulls
Where now for Drax power station?
2015-09-17 01:00:00| Power Technology
With the imposition of the Climate Change Levy (CCL), the UK government threw a spanner in the works for Drax Power as it continues its shift from coal to biomass. Beyond fighting for a more lenient schedule for the CCL exemption's expiry, what's nex
Broker tips: Drax, Rio Tinto, Diageo
2015-09-11 16:36:34| Beverages - Topix.net
Drax was under the cosh after Goldman Sachs downgraded the stock to 'sell' from 'neutral' and slashed its price target to 230p from 300p. It said that as regards the outcome of the EU's deliberations on whether to permit the proposed fixed price CfD for Drax's third unit conversion to biomass, the current share price is already discounting a best case scenario.
UK budget cuts for climate levy slash share prices in Drax Power Station
2015-07-10 01:00:00| Power Technology
The ending of climate change tax exemptions in the UK has caused a 28% drop in share prices for Drax Power Station, North Yorkshire, which had been making efforts in shifting to renewables and replacing amounts of coal burned with wood pellets.
Tags: power
share
prices
station
Drax plunges as FTSE 100 rises
2015-07-08 18:17:34| BBC News | Business | UK Edition
Shares in UK power producer Drax plunge 28% after Chancellor George Osborne says the Climate Change Levy exemption for renewable electricity will be removed.
Tags: rises
ftse
plunges
ftse 100