Drax (the “Group” or “Drax Group”) is pleased to announce that it has agreed to acquire Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation (the “Portfolio”) for £702 million in cash (the “Acquisition”) from Iberdrola, subject to Drax shareholder approval.
A strengthening carbon price is essential for further clean growth, finds Electric Insights special report
The next revolution in the electricity industry will be driven by consumers, but producers must enable it, writes Drax Retail CEO Jonathan Kini.
The biggest power station in the UK takes another leap towards being entirely coal-free. Meet the engineer leading the process.
Two thirds of the power station’s generating units now produce renewable energy – enough to power four million homes.
Coal accounted for less than 1% of the country’s electricity in June. Will the rest of the world follow its lead?
