E.ON Balks At Subsidy Cut As UK Approves Biomass Plant

Law360, New York (March 12, 2012, 5:18 PM EDT) -- The British arm of energy giant E.ON AG won regulatory approval Monday to build a 150-megawatt biomass power station at the Port of Bristol — a proposal the company reportedly is reconsidering in light of plans to cut back on government subsidies for biomass projects.

Britain's Department of Energy & Climate Change signed off on a proposal E.ON Climate & Renewables UK Developments Ltd. floated in 2009 to build a plant that would power up to 160,000 homes by burning imported virgin wood, dedicated energy crops...
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