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UPDATE 2-Profits at Britain’s Drax rise on higher renewable power output

Drax, Britain’s third largest power generator, reported a 9 percent rise in full-year earnings on Tuesday, driven by higher renewable power generation from its biomass units. Drax, which has the capacity to provide electricity for around 13 million homes, converted the fourth of its six former coal-fired plants to use biomass wood pellets last year, […]

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