Drax shares soar as firm announces buyback and expects profit at ‘top end’ of estimates July 26, 2024 Power generation group Drax reported an increase in profit in the first half and forecast that its earnings for the full year would come at the "top end" of expectations.
Drax Group to sell 90,000 metre points to EDF Energy June 26, 2024 British power firm Drax has announced it will sell up to 90,000 customer meter points to EDF Energy after a strategic review of its energy supply business.
Drax trading on track for the year as it awaits Westminster’s carbon capture sign-off April 25, 2024 Drax awaits the green light from the government on a bridging mechanism for its carbon capture project
Active Energy seeks buy-out on its wood-coal biomass hybrid April 9, 2024 The company has been trying to develop a greener, coal-wood hybrid form of biomass
Mishcon de Reya kicks off probe for potential group shareholder claim against Drax February 29, 2024 The firm has partners Richard Leedham, Andrew Short and associate Tiffany Morgan on the investigation.
Drax bumps up dividend as pellet-burning fuels bumper profit February 29, 2024 Will Gardiner, chief executive, said the group continues to play an "essential role," in the UK's power mix
National Grid auctions forebode higher gas demand in coming years February 28, 2024 Britain's auction to ensure enough electricity capacity for 2027/28 has set a new record high price as power demands look set to draw heavily on gas.
Government ‘cannot currently’ tell if £22bn subsidy for biomass plants is genuinely green – watchdog January 24, 2024 The Drax plant in North Yorkshire is the country's primary user of biomass
Government’s controversial Drax biomass subsidy faces political backlash January 18, 2024 The UK government has published a consultation exploring different funding options for Drax's biomass-fired power plant
UK biomass subsidies undermining efforts to stop global warming, report warns January 18, 2024 UK government biomass subsidies are undermining efforts to tackle climate change, a new report has warned.