Proposed Acquisition of Pinnacle Renewable Energy Inc. – a major international supplier of sustainable biomass
(“Drax”, “the Group”, “Drax Group”, “the Company”; Symbol: DRX)
Drax Group plc is pleased to announce that it has completed the sale of Drax Generation Enterprise Limited, which holds four Combined Cycle Gas Turbine (“CCGT”) power stations, to VPI Generation Limited.
Following the sale Drax no longer operates any CCGTs and on 31 March 2021 will end commercial coal generation, with formal closure of its remaining coal assets in September 2022.
Drax Investor Relations: Mark Strafford
+44 (0) 7730 763 949
Drax External Communications: Ali Lewis
+44 (0) 7712 670 888