24th November 2017
Thought you knew everything there is to know about batteries?
5th December 2018
Publication of Circular and Notice of General Meeting in relation to proposed acquisition of flexible, low-carbon and renewable UK power generation from Iberdrola
On 16 October 2018, Drax Group plc (“Drax” or the “Company”) announced that it had entered into a binding conditional agreement to purchase Scottish Power's portfolio of pumped storage, hydro and gas-fired generation for £702 million in cash from Iberdrola (the “Acquisition”).
3rd December 2018
Drax today announces that it has reached agreement with Iberdrola on revised terms for the acquisition of Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation (the “Portfolio”) at the previously agreed price of £702 million in cash (the “Acquisition”), subject to Drax shareholder approval.
29th November 2018
Step into the vast, eerie structures at the heart of Drax Power Station.
Commenting on The Bioeconomy in the North of England, a University of York Science and Innovation Audit Report sponsored by the Department for Business, Energy & Industrial Strategy (BEIS), Drax Power CEO Andy Koss said:
“The Northern Powerhouse region plays a vital role in the UK’s economy, and this report demonstrates the importance of bioenergy within that.
“Drax Power Station’s sustainable biomass is a significant part of the bioeconomy supporting 14,150 jobs in the UK, with 4,500 in Yorkshire and Humber. In addition, Drax generated almost £500 million for the regional economy and £1.2bn for the whole of the UK.
“Drax produces 17% of the UK’s renewable power, enough for four million households. We’re committed to making further upgrades to the power station to ensure that we continue to support the economy, regionally and nationally.”