Proposed Acquisition of Pinnacle Renewable Energy Inc. – a major international supplier of sustainable biomass
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.