6 December 2016 - Drax acquires Hirwaun Power - Drax

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6 December 2016 – Drax acquires Hirwaun Power

Hirwaun Power, which adds to the diversification of Drax’s generation mix, will be entered into future capacity market auctions to secure a 15 year contract. Once a contract is secured, construction will begin.

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Drax Group plc has acquired four Open Cycle Gas Turbine (OCGT) development projects.

The purchase of Hirwaun Power and three other OCGT developments in England and Wales was announced today as Drax, the FTSE-250 company based in Selby, North Yorkshire, revealed its new purpose and strategy.

Hirwaun Power, which adds to the diversification of Drax’s generation mix, will be entered into future capacity market auctions to secure a 15 year contract. Once a contract is secured, construction will begin.

Read the announcement.

Find out more about Drax Group, helping to change the way energy is generated, supplied and used for a better future.