Drax acquires Progress Power - Drax

As the world comes to terms with the effects of Coronavirus (COVID-19), Group CEO Will Gardiner explains how Drax and its employees are working hard to ensure the country is supplied with the power it needs. Read More

Close Top Notice ×

Drax acquires Progress Power

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

Top Stories

The purchase of Progress 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.

Progress 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.

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