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.
In its Vietnam business in Vietnam, erex has invested in Hau Giang Bio Energy, a company established for the purpose of constructing and operating biomass power plants
Vesper Infrastructure has become the majority investor in EAG Bioenergy, a bioenergy platform with existing anaerobic digestion biogas plants in the UK
We use cookies to enhance your browsing experience and enable essential functions on our website. Some cookies are categorised as "Necessary" are automatically stored on your browser as they are crucial for the basic operation of the site - they can no be adjusted using these tools. Additionally, we use third-party cookies to help us analyse your usage of the website. These cookies are stored in your browser only with your prior consent. You have the option to enable or disable some or all of these cookies.
Statistical or analytical cookies are used to gain insights into how visitors interact with the website. These cookies collect data on metrics like visitor count, bounce rate, traffic sources, and more, helping us understand and improve site performance.
Advertisement cookies deliver personalised ads based on the pages you previously visited and help analyse the effectiveness of ad campaigns.