UK Energy Policy Concerns Sink RES Power Station Project

Law360, New York (March 7, 2014, 2:15 PM EST) -- RES has become the latest U.K. biomass power producer to drop plans for a power station after citing issues with uncertain U.K. energy policy, announcing Thursday that it has stopped work on a £300 million ($502 million) biomass power station project in northern England.

RES said it is abandoning the project located at Port of Blyth in Northumberland, citing the withdrawal of a “key project partner” late last year and “ongoing uncertainty in U.K. energy policy.” The company joins German utility giant E.ON, who in October...
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