Drax Group has released its preliminary results for 2016. Via webcast, CEO Dorothy Thompson discussed challenges and successes over the past year, as well as some of the company’s future goals for biomass conversions and wood pellet production.
On Dec. 19, The European Commission announced it has determined that U.K. support for the conversion of the third generating unit of Drax Power Station from coal to biomass complies with European Union state aid rules.
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.
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