The UK Government is reportedly close to approving a multi-billion-pound carbon capture project at Drax Power Station.
The proposal involves integrating two carbon capture plants with Drax’s existing generating units in North Yorkshire.
Talks between Drax Group and the government began in March last year, with Drax Group Chief Executive Officer Will Gardiner expressing readiness to advance a £2 billion investment programme, contingent on government engagement and swift decision-making.
The project’s completion is targeted for 2030.
Energy Secretary Claire Coutinho is expected to finalise the scheme this week, according to The Telegraph.
Reports suggest a consultation will be commissioned to explore options for extending the subsidy system, through which Drax received £617 million from consumer energy bills last year.
Energy Live News has contacted the Department for Energy Security and Net Zero for comment.
