On Dec. 6, Drax Group plc announced plans to acquire Opus Energy Group Ltd. and four open cycle gas turbine (OCGT) development projects. Drax also said it is continuing to monitor opportunities to acquire additional wood pellet plants.
Producer shifts focus to supplying end consumers and providing backup power to complement growing renewable output
Britain’s largest coal power producer, Drax, is bidding to buy Opus Energy and four gas stations in a move away from its coal...
Power plant company buys business energy supplier and four gas projects
Drax shares have surged more than 14% after the coal fired power plant owner unveiled a series of deals to diversify its business.
It is paying £340m to buy power supplier...
LONDON (dpa-AFX) - Drax Group plc. (DRX.L), engaged in the electricity
generation, Tuesday said it has entered into a conditional agreement to acquire
Opus Energy, a UK-based challenger retail supplier in the SME market, for 340
A recent report authored by researchers from Imperial College London, in collaboration with Drax, determined that for the first time ever more than half of Britain’s electricity came from low-carbon sources during the third quarter.
Drax Biomass Inc., a pellet manufacturer operating in the Southeast, marked National Bioenergy Day by declaring the cypress and tupelo stands found in forested wetlands, including the Atchafalaya Basin, to be off-limits for its timber purchases.
Analysts say state aid ruling for power plant group could be key
Leading shares have fallen back at the start of the trading week with the usual worries to blame: the outlook for the UK after Brexit, uncertainties around the US election and the...
Analysts say power plant group faces headwinds due to lower prices
Drax is the leading faller in the mid-cap index, down 4% on concerns about the outlook for the power station operator.
Shares in the group - which is converting its plants to use...
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