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Drax has secured a £240m European grant to fund the White Rose carbon capture and storage project at its power plant near Selby, which will support 2,000 jobs.

Drax has raised £190m in a share placing to help fund the conversion of three units at its South Yorkshire power plant from coal to biomass by 2016.

Drax is to proceed with a £700m plan to convert its Selby-based power station to biomass fuel.

Drax is seeking government funding to build a 426MW carbon capture and storage plant at its Selby power station in North Yorkshire, with the creation of 60 jobs.

Drax Power has won government approval to build two new biomass power stations at Selby in Yorkshire and South Killingholme in North East Lincolnshire.

Drax Power has unveiled plans to build a biomass handling and storage facility at its power station site in North Yorkshire, with the creation of 15 jobs.

Drax Group has acquired Haven Power, the electricity supply firm, from Welsh Power Group for £11m.

Drax has identified five potential sites in the Yorkshire area for a £2bn project to build three biomass power stations, which could create more than 600 jobs.

Drax Group is planning to invest £2bn in the development of three large biomass power stations in Hull, Immingham and one other site by 2014.

Drax has awarded a contract to Alstom to build a £50m biomass plant at its power station in North Yorkshire, in order to burn wood and up to 50 other fuels.

Drax is planning to invest £100m at its coal-fired power station in Yorkshire, in order to revamp the turbines and cut carbon emissions.