Drax Power says it will end its investment in the White Rose carbon capture and storage (CCS) project at the end of the front-end engineering design (FEED) phase in six to eight months.
The company said although it would continue to make the proposed site at Drax available, it would withdraw as a partner in developer Capture Power. It said the decision was based on the “drastically ­different financial and regulatory environment”.
It said instead, it would work with government to explore the potential for converting a fourth ­generating unit to run on biomass.