Drax

Opinion

Fossil fuels are not against ScottishPower parent’s philosophy

23/10/2018

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.

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Capture Power said it remains committed to White Rose CCS project

25/09/2015

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.

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Drax pulls out of carbon capture scheme

25/09/2015

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.

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