A European regulator said the benefits of moving a British power plant from coal to biomass outweigh any concerns about competition stemming from state support. The British government in December 2014 notified the European Commission of plans to subsidize the conversion of the coal-fired Lynemouth power plant, operated by German energy company RWE, to biomass. The project is slated to receive state support until 2027. After a nine-month investigation , the European Commission said there are no major competition concerns resulting from the subsidies. “The commission concluded that the project’s contribution to the European renewable energy and CO2 emissions reduction targets clearly outweighs any potential distortions of competition that could be triggered by the state support,” it said in a statement. The […]