"Drax is a viable business today as a coal plant," he told the Guardian. "But the opportunity to turn it into a renewable power company is an exciting one and makes sense for the
However, the company is awaiting the government’s approval to grant RE subsidies whereas currently only purpose-built biomass plants receive extra payouts to cover higher costs. If the government approves the funding, Drax hopes to convert the first unit with a generating capacity of 660 MW next year. "It has not been done before because there hasn’t been the need," Quinlan said. Two more Drax units could be converted to burning biomass by 2015, he added. The company also said that it could be forced to delay a £2 billion program to build three dedicated biomass plants as it looks to move away from coal-fired power generation.
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