The owner of Western Europe’s largest coal- fired power station, Drax, announced a plan to make a £2 billion investment in renewable energy in order to diversify its business and exploit government subsidies. As a part of its plan, it will build 300MW power plants that would burn biomass consisting of energy crops and agricultural and forestry waste. Partnering with Siemens of Germany, Drax will own 60 percent of the project and operate the plants while Siemens will own 40 percent and provide the technology.
Drax, which is regarded as UK’s biggest emitter of carbon dioxide could become one of its biggest sources of renewable energy if their project proceeds according to plan.
To learn about the details of the project read the complete article here.
Pic of Drax power station, UK, courtesy Gareth Davies/ yorkshiregeek from flickr.com
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