Drax Group Drax Group Drax Group plc is a British electrical power generation company. The Group is made up of upstream and downstream enterprises. The principal downstream enterprises are based in the UK and include Drax Power Limited, which runs Europe’s biggest biomass-fuelled power station, Drax power station, near Selby in North Yorkshire – the UK’s largest decarbonisation project, as well as supplying between 7-8 per cent of the country’s electricity needs. Related businesses include Haven Power, a supplier of electricity (including sustainable biomass energy) to business. The group’s largest upstream enterprises are Drax Biomass, which sources sustainable biomass for Drax power
Drax power station on a continuous basis. North America was expected to be the source of the vast majority of the biomass, although some would be domestically sourced willow and elephant grass. Drax Group's decision was enabled by a new UK government policy, effective in April 2013, to award 1.0 tradable ROCs (renewable obligation certificates) per megawatt of power generation from coal power plants that are fully converted to burn biomass; CEO Dorothy Thompson stated the company intended to become a predominately biomass-fuelled energy producer. By April 2013 financing for the scheme include £190 million through sale of shares, £100 million from Prudential/