UK government cuts subsidies for Drax by 50%
The UK government and British power generator Drax have agreed to reduce Drax’s subsidies by 50% from 2027 to 2031…
Biopower
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Babcock & Wilcox convert coal plant to biomass in Michigan, US
Energy and environmental services provider Babcock & Wilcox (B&W) has received a limited notice to proceed (LNTP) from NorthStar Clean…
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G7 countries agree to phase out coal-fired power plants by 2035
The G7 nations have agreed to cease operation of their coal-fired power plants by the mid-2030s. The decision aligns with…
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Drax profits surge 66% as new report finds company still burning rare wood
UK energy company Drax posted a 66% surge in its full-year results on Thursday and raised its dividend, just as…
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Drax to launch carbon removal business amid fresh greenwashing allegations
UK-based power plant operator Drax is planning to set up an independent carbon removal business as the company looks to…
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UK Government gives go-ahead for CCS at Drax power station
The British Government gave approval on Tuesday for energy company Drax to develop carbon capture technology at its biomass power…
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Pacolet Milliken acquires 55MW biomass-fired power plant in Georgia
Private investment company Pacolet Milliken has completed the acquisition of Piedmont Green Power, an affiliate of Atlantic Power & Utilities,…
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Environmental groups sue UK Government for biomass and carbon capture net negative claims
Environmental groups began High Court proceedings against the UK Government on Monday over its plans to spend billions of pounds…
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Galp and Mitsui to invest $638m in biofuels and green hydrogen
Portuguese energy company Galp on Monday confirmed plans to enter into a joint venture (JV) with Japan-based trading company Mitsui…
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Mitsui completes stake buy in combined Danish solar, e-methanol plant
Japanese conglomerate Mitsui has secured the acquisition of a 49% stake in Kassø Midco, the owner of the combined 304MW…
