North Yorkshire power generator Drax Group said its chief financial officer Frank Lemmink is taking a six-month leave of absence “to support his recovery from…

North Yorkshire power generator Drax Group said on Thursday it plans to return more than £1 billion to shareholders through dividends and share buybacks in…

North Yorkshire power generator Drax Group said on Thursday it has signed an agreement with Apatura Limited to acquire three battery energy storage system (BESS) projects across…

North Yorkshire power generator Drax Group said on Thursday the final tranche of its £300 million share buyback programme has been completed — and announced the commencement…

UK energy regulator Ofgem and Drax, the North Yorkshire power generator, on Tuesday announced the appointment of Forvis Mazars to conduct an independent external audit of…

Drax Group plc, the North Yorkshire power generator, said the UK’s Financial Conduct Authority (FCA) has commenced an investigation into the company relating to “certain historical…

North Yorkshire power generator Drax Group announced the appointment of Shell executive Frank Lemmink as Chief Financial Officer (CFO) and as an executive director of the…

North Yorkshire power generator Drax Group said on Tuesday it agreed a cash deal to acquire battery storage investor Harmony Energy Income Trust Plc (HEIT) for 88p per…

Shares of North Yorkshire power generator Drax Group rose as much as 4% on Monday after it revealed a heads of terms agreed with the…

North Yorkshire power generator Drax Group said Andy Skelton will retire as Chief Financial Officer and board member.  He will remain as CFO and a…

North Yorkshire power generator Drax Group said it expected 2024 full year adjusted EBITDA to be around the top end of analysts’ consensus estimates, on…

North Yorkshire power generator Drax Group is to pay £25 million into Ofgem’s Energy Industry Voluntary Redress Fund after an investigation by the UK electricity…

North Yorkshire power generator Drax Group said it has completed the refinancing of its revolving credit facility. The company, which runs the UK’s largest renewable…

North Yorkshire power generator Drax Group forecast earnings for the full year at the top end of analysts’ estimates on Friday, as it reported higher…

North Yorkshire power generator Drax Group has reached agreement for the sale of up to 90,000 Small & Medium-sized (SME) customer meter points from its…

Shares of North Yorkshire power generator Drax Group rose as much as 10% after it reported £1.2 billion in 2023 adjusted earnings before interest, taxes, depreciation…

North Yorkshire-based global renewable energy firm Drax Group announced that it plans to establish a new independent business unit that will focus on becoming “the global…

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…

North Yorkshire power generator Drax Group announced the appointment of former Duke Energy executive Andrea Bertone as a non-executive director and chair designate of the…

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…

North Yorkshire power generator Drax Group has reported that its adjusted EBITDA (excluding electricity generator lLevy) rose 101% to £453 million in the six months ended…

Shares of North Yorkshire power generator Drax Group fell as much as 6% after UK energy regulator Ofgem said it has launched a formal investigation into…

Shares of North Yorkshire power generator Drax Group rose as much as 4% after it announced a £150 million share buyback programme and published a…

Renewable energy giant Drax Group has announced that almost 50 years of power generation from coal at its North Yorkshire power station has come to…

Shares of North Yorkshire power generator Drax Group rose as much as 6% on Thursday after it said the UK government has confirmed its commitment to…

North Yorkshire power generator Drax Group said on Tuesday it will pause its planned £2 billion UK investment in bioenergy with carbon capture and storage (BECCS)…

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…

North Yorkshire power generator Drax Group said it is considering more global opportunities for deployment of its operations in BECCS — bioenergy with carbon capture and…

North Yorkshire power generator Drax Group has responded to a BBC Panorama story that claimed the company is cutting down environmentally-important forests in Canada. Drax runs…

Shares of North Yorkshire power generator Drax Group fell as much as 11% on Thursday after UK Business and Energy Secretary Kwasi Kwarteng questioned the company’s…

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…

North Yorkshire power generator Drax announced it expects to propose a dividend for the 2022 financial year of £84 million, an 11.7% increase on 2021,…

Renewable energy company Drax said it has submitted plans to build what it called “the world’s largest carbon capture facility” at its North Yorkshire power…

North Yorkshire-based power company Drax Group announced on Thursday its 2021 revenue rose about 20% to £5.09 billion and it made a pretax profit of £122…

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…

Shares of North Yorkshire-based power company Drax Group rose about 10% on Wednesday after it published a strong trading update and said it aims to double…

North Yorkshire-based power company Drax Group said it has teamed up with the National Farmers Union of England and Wales (NFU) to identify opportunities to scale…

North Yorkshire-based power company Drax Group said on Thursday it will increase its interim dividend by 10% to £30 million or 7.5p per share as it announced…

North Yorkshire-based power company Drax Group announced it has completed the refinancing of the Canadian dollar facilities it acquired as part of its acquisition of…

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…

North Yorkshire-based power company Drax Group said on Thursday it will abandon a plan to build a large gas-fired power plant at its main site near…

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…

North Yorkshire-based power company Drax Group said on Tuesday it agreed to sell Drax Generation Enterprise Limited (DGEL), which runs four Combined Cycle Gas Turbine (CCGT)…

North Yorkshire-based power company Drax Group said on Thursday it has completed the refinancing of its revolving credit facility as a “New Environmental, Social & Governance…

North Yorkshire-based power company Drax Group said on Monday it is preparing to raise €250 million via a bond sale. In a stock exchange statement, Drax said:…

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…

GB Railfreight (GBRf) and Drax Group have agreed to extend their contract to transport supplies of sustainable biomass from UK ports to Drax Power Station…

Drax Group, the North Yorkshire-based power company, maintained on Wednesday that it expects to increase its full year dividend by 7.5% “subject to good operational…

Shares of North Yorkshire-based power company Drax Group have soared almost 20% so far this week on speculation that it could be a takeover target….

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…

Shares of North Yorkshire-based power company Drax Group plc rose about 16% on Wednesday after it published a trading update saying that its 2019 final dividend…

North Yorkshire-based power company Drax Group plc said on Thursday it will end commercial coal generation at Drax Power Station in 2021 — ahead of the…

The CEO of North Yorkshire-based power company Drax Group plc said on Tuesday it is the first company in the world to announce an ambition to…

North Yorkshire-based power company Drax Group plc on Wednesday reported a rise in adjusted core earnings for the first half of the year, boosted by…

North Yorkshire-based power company Drax Group plc said on Tuesday it signed a Memorandum of Understanding (MOU) with Equinor and National Grid Ventures committing to…

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,…

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…

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….

Selby, North Yorkshire-based power company Drax said on Monday it reached agreement with Iberdrola on revised terms for the £702 million acquisition of Scottish Power’s portfolio…

Selby, North Yorkshire-based power company Drax said it agreed to acquire Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation for £702 million in…

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…

Selby, North Yorkshire-based power company Drax Group said it has switched on its fourth biomass generating unit — taking its giant power station a step closer…

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…

Selby, North Yorkshire-based power company Drax Group announced it is to pilot the first bioenergy carbon capture storage (BECCS) project of its kind in Europe. Drax…

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…

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…

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…

The Port of Tyne has handled its biggest ever cargo of wood pellets with the arrival of the bulk cargo vessel St Dimitrios from Vancouver…

North Yorkshire-based power company Drax Group said it contributed almost £1.7 billion towards UK GDP in 2016 and supported more than 18,500 jobs across the country. Drax…

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…