Drax to voluntarily pay £25m for misreporting biomass data
Ofgem has announced that Drax misreported data relating to biomass imported from Canada, and that the energy giant would pay £25 million to its voluntary redress fund, reported Reuters.
According to the investigation, Drax failed to implement adequate data governance controls on biomass imports from Canada between 1 April 2021 and 31 March 2022.
However, Ofgem said there was no evidence the biomass failed to meet its sustainability requirements.
“The investigation found that the misreported data was technical in nature and would not have impacted the level of subsidy Drax received under the RO (renewable obligation) scheme,” said the regulator Ofgem.
Drax will resubmit its Canadian data for the period, and produce an independent audit of its profiling data for April 2023 to March 2024, the most recent reporting period.
The company will now integrate upstream wood chip and wood pellet production with downstream heat and power generation through its subsidiary Kaipolan Energia
Ireland has been selected as one of eight European countries to participate in BIOMAPE, a major new European Commission initiative aimed at accelerating the sustainable deployment of biomethane across the EU
Finnish technology group Wärtsilä Corporation has reached an agreement to sell its Gas Solutions business unit to German private equity firm Mutares SE & Co. KGaA, the company announced today
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