Publication of Circular and Notice of General Meeting in relation to proposed acquisition of flexible, low-carbon and renewable UK power generation from Iberdrola
Dorothy Thompson, Drax Group CEO said:
“Cleaner economic growth is one of the greatest industrial opportunities of our time – with the UK’s clean economy predicted to grow at four times the rate of GDP.
“Reducing carbon in electricity generation is the fastest way to reduce emissions and ensure our economy is clean and strong. Electric cars, AI and automation all depend on a flexible, secure electricity system, which sustainable biomass and rapid response gas power stations can support.
“At Drax we are already helping growing businesses be more sustainable – the proportion of businesses choosing to use renewable electricity supplied by Haven Power, part of Drax Group, has more than tripled this year, reducing their carbon emissions by 76% compared to five years ago and saving the UK almost 1.5 million tonnes of carbon.”