Drax Wins € 300 Million Grant For ‘Clean’ Coal Plant
Reuters have reported that a € 300 million grant has been awarded to Drax from the EU, which will be used to help the UK utility develop clean coal technologies.
Drax’s White Rose project will receive the cash as part of an EU scheme to fund renewable energy and other initiatives to cut greenhouse gas emissions. The project could become Europe’s first commercial-scale carbon capture and storage (CCS) facility.
Drax has said it hopes to use the funds to build a 450 MW coal-fired power plant alongside its existing power plant in Selby, North Yorkshire.
The new plant would be capable of powering 630 000 homes in the UK, while some 1.8 million tpa of CO2 emissions from the facility would be captured and pumped into a depleted gas field in the North Sea.
“White Rose will create thousands of green, local jobs and make a real difference to cutting carbon emissions,” British Energy and Climate Change Secretary Edward Davey said in a statement.
“And as a world leader in the technology, as carbon capture and storage is commercialised Britain will be in first place to export this knowledge to a decarbonising global economy.”
EU Climate Action Commissioner, Connie Hedegaard, said the 28-nation bloc would award a total € 1 billion to 19 projects in 12 member states, including a geothermal power plant in Croatia and a concentrated solar power project in Cyprus.