Will Gardiner responds to Energy Transitions Commission report - Drax

Will Gardiner responds to Energy Transitions Commission report

Drax Group CEO comments on ‘Mission Possible – reaching net zero carbon emissions from harder-to-abate sectors by mid-century’

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Publication of Circular and Notice of General Meeting in relation to proposed acquisition of flexible, low-carbon and renewable UK power generation from Iberdrola
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”).

“My vision is to enable a zero carbon, lower cost future for all.

“This report makes it clear that a net zero economy is not only possible but that it can be done affordably and within the critical timeframe needed to meet our Paris Agreement commitments.

“Achieving net zero is a choice we have to make.

“Through our investment in low-carbon, flexible and renewable power as well as ground-breaking bioenergy carbon capture technology Drax is playing our part in making that choice a reality.”

Read: Mission Possible – reaching net zero carbon emissions from harder-to-abate sectors by mid-century

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