Search Results for drax



UK Govt approves BECCS at Drax Power Station

North Yorkshire power generator Drax Group announced that the UK Secretary of State for Energy Security and Net Zero, Claire Coutinho, has approved the Development Consent…



Drax welcomes UK Government biomass support

North Yorkshire power generator Drax Group said on Thursday it welcomed the UK Government’s support for sustainably sourced biomass and the critical role that Bioenergy…








Drax adjusted EBITDA up 84% to £731m

North Yorkshire power generator Drax Group announced that its adjusted earnings before interest, taxes, depreciation and amortization rose 84% in 2022 to £731 million. That’s…





Drax acquires Canada pellet plant

North Yorkshire power generator Drax Group said it signed an agreement with Princeton Standard Pellet Corporation (PSPC) to acquire its pellet plant in Princeton, British…





Drax biomass deal takes sales book to $4.5bn

North Yorkshire-based power company Drax Group announced that its subsidiary Pinnacle Renewable Energy Inc has agreed to acquire the pellet sales contract book of Pacific…






Drax acquires stake in Alabama Pellets

North Yorkshire-based power company Drax Group announced it agreed to acquire a 20% minority interest in Alabama Pellets, LLC — a joint venture which owns the…



Drax buys Canada biomass firm in $581m deal

North Yorkshire-based power company Drax Group said on Monday it agreed to buy Canada-based Pinnacle Renewable Energy Inc — a producer of sustainable biomass — in a…





Drax secures new £160m infrastructure loans

North Yorkshire-based power company Drax Group said on Monday it has struck a new infrastructure term loan facilities agreement “that provides committed facilities of approximately £160…





Drax extends £125m ESG loan facility to 2025

North Yorkshire-based power company Drax Group plc said on Friday it has completed a three-year extension to the £125 million Environmental, Social and Governance (ESG) loan…







Drax earnings rise, helped by renewable output

Selby, North Yorkshire-based power company Drax Group plc said on Tuesday its 2018 earnings before interest, tax, depreciation and amortisation (EBITDA) rose 9% to £250 million,…


Drax board in big shake up

Selby, North Yorkshire-based power company Drax Group plc on Thursday announced that big changes will be taking place during 2019 on its board of directors. “The…


Drax completes £702m ScottishPower acquisition

Selby, North Yorkshire-based power company Drax Group plc said on Wednesday it completed the acquisition of ScottishPower’s portfolio of pumped storage, hydro and gas-fired generation….




Drax Targets £1bn Of ScottishPower Assets

North Yorkshire-based power company Drax Group is in talks to buy a number of ScottishPower assets as it continues to diversify away from coal-burning generation. Drax said…



Outages hurt Drax H1 earnings; shares down 7%

Shares of Selby, North Yorkshire-based power company Drax Group fell about 5% after it said its first-half earnings before interest, tax, depreciation and amortization (EBITDA) fell to…



Drax starts £50m share buy-back programme

Selby, North Yorkshire-based power company Drax Group said on Friday it is commencing a £50 million share buy-back programme. J.P. Morgan Securities plc (JPMS plc) will…


Biomass boost as Drax revenue hits £3.68bn

North Yorkshire-based power company Drax Group said its 2017 earnings before interest, tax, depreciation and amortisation (EBITDA) rose 64% to £229 million — more than analysts were…


Drax takes £10m hit from power station outage

Shares of North Yorkshire-based power company Drax Group fell more than 4% after it said biomass deliveries are currently restricted after an unplanned outage on the rail unloading facilities…




Drax CFO Gardiner succeeds Thompson as CEO

Selby, North Yorkshire-based power company Drax Group said its chief financial officer Will Gardiner will succeed Dorothy Thompson as CEO from January 1, 2018 — just as…




Drax succeeds in $35m Louisiana Pellets bid

Selby, North Yorkshire-based power company Drax Group said that following the conclusion of an auction, Drax had been “provisionally successful” in its bid to acquire the assets of Louisiana…


Drax bids for Texas and Louisiana pellet businesses

Selby, North Yorkshire-based power company Drax Group said it is “participating in separate processes” for the acquisition out of bankruptcy of the operating assets of Texas Pellets and Louisiana…




Peel Ports appoints new CEO and chairman

Liverpool-based Peel Ports Group, the UK’s second largest port operator, has announced major changes to its senior leadership team to take effect from April 4,…