The UK Government has published its consultation on supporting bioenergy carbon capture and storage (BECCS) in the UK. In doing so the Business Secretary Kwasi Kwarteng has reaffirmed that “The government is fully behind biomass energy to provide more power in Britain, for Britain”. Additionally, the government is “minded to” bring in contract for difference (CfD) based support which we think plays to Drax’s strengths.
12 Aug 2022
Drax Group - CfD Option Plays to Drax's Strengths
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Drax Group - CfD Option Plays to Drax's Strengths
Drax Group plc (DRX:LON) | 523 60.1 2.2% | Mkt Cap: 2,022m
- Published:
12 Aug 2022 -
Author:
Adam Forsyth -
Pages:
11
The UK Government has published its consultation on supporting bioenergy carbon capture and storage (BECCS) in the UK. In doing so the Business Secretary Kwasi Kwarteng has reaffirmed that “The government is fully behind biomass energy to provide more power in Britain, for Britain”. Additionally, the government is “minded to” bring in contract for difference (CfD) based support which we think plays to Drax’s strengths.