FCA opens investigation into Drax over sourcing of wood for biomass pellets

Stuart Stone
clock • 3 min read
Drax Power Station, in North Yorkshire | Credit: Drax
Image:

Drax Power Station, in North Yorkshire | Credit: Drax

Watchdog to probe energy firm over sourcing of wood chips for its biomass power plant between January 2022 and March 2024

The Financial Conduct Authority (FCA) has opened an investigation into Drax, following allegations questioning the sustainability credentials of the biomass pellets used by the energy giant. In a statement...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Biomass

Biomass and solar power set new UK generation records

Biomass and solar power set new UK generation records

Fresh analysis from Drax confirms biomass generation has set a series of records in recent months, peaking at 17 per cent of the grid mix

James Murray
clock 03 December 2025 • 4 min read
SBTi seeks views on draft net zero standard for the power sector

SBTi seeks views on draft net zero standard for the power sector

Proposals could see power providers set goals to phase out unabated fossil fuel electricity generation

Michael Holder
clock 04 September 2025 • 5 min read
How biomass power could save UK up to £900m a year by balancing renewables

How biomass power could save UK up to £900m a year by balancing renewables

Biomass could provide up to 5.5GW of low carbon power to help manage weather-dependent renewables, a new REA report calculates, but concerns remain over sustainable feedstocks

Stuart Stone
clock 10 June 2025 • 6 min read