UK State aid for Drax unit three to be investigated by EC

The European Commission (EC) has started an in-depth investigation to make sure that the planned UK subsidy contract (CfD) for a 645-MW biomass-fired unit of Drax Group Plc (LON:DRX) will be in line with EU state aid rules. The UK based power plant is in the process of switching it’s third of six units from coal […]