The Drax Group’s transition to a ‘greener’ operation continues to power ahead despite huge costs

By Stewart Dalby When we wrote about Drax Group earlier this year (26 March 2020), we focused on the final results for 2019. These results, we said, showed the LSE Main Board-listed company was betting on green energy. Its plan was to transform its massive coal powered plant in North Yorkshire from a fossil fuels [...]

By |2020-08-30T10:54:11+00:00August 26th, 2020|Drax Plc|Comments Off on The Drax Group’s transition to a ‘greener’ operation continues to power ahead despite huge costs

The Drax Group’s transition to a ‘greener’ operation is vindicated by the ‘Full Year Results for 2019’

By Stewart Dalby It is almost a year since we covered the Drax Group. On April 17 2019 we wrote that the company was betting on green energy by transforming its massive coal power plant in North Yorkshire from a fossil fuels concern to a huge clean energy facility, to aid the fight against climate [...]

By |2020-03-27T11:47:07+00:00March 26th, 2020|Drax Plc|Comments Off on The Drax Group’s transition to a ‘greener’ operation is vindicated by the ‘Full Year Results for 2019’

Drax Group’s transition to a ‘greener’ operation gains momentum

Drax Group is betting on renewable energy. But, as the Investors Chronicle put it in a recent article, “the shift from coal giant to a clean energy company has come at a price.” We last wrote about Drax last September 2018 when we reported that in the previous month (August 2018) the company announced that [...]

By |2019-04-17T08:58:57+00:00April 17th, 2019|Drax Plc|Comments Off on Drax Group’s transition to a ‘greener’ operation gains momentum

Drax Group’s half year 2018 results were negatively impacted by unplanned outages but expectations for the full year figures are positive

Drax Group’s main claim to fame in recent years is that it has transformed itself from being an entirely coal-to-energy producer to a largely renewable power provider. Last month (August) the company announced that it had switched on its fourth biomass (wood pellets) generating unit at its power station in North Yorkshire. The company said [...]

By |2018-09-13T19:36:49+00:00September 13th, 2018|Drax Plc|Comments Off on Drax Group’s half year 2018 results were negatively impacted by unplanned outages but expectations for the full year figures are positive

Drax Group’s final results for 2017 show that despite statutory losses, operationally the company remains in good shape and has been able to increase its dividend.

Drax Group’s main claim to fame in recent years is that it has transformed itself from being an entirely coal-to-energy producer to a renewable energy provider. Three of the company’s six generating units are powered by compressed wood pellets and the company is looking at converting a fourth coal unit to wood pellets. The switch [...]

By |2018-04-10T08:00:29+00:00April 10th, 2018|Drax Plc|Comments Off on Drax Group’s final results for 2017 show that despite statutory losses, operationally the company remains in good shape and has been able to increase its dividend.

Drax Group insists that operationally it is in good shape despite some slightly puzzling key financial performance indicators

As I sift through the various press releases from London-listed Drax Group, I think of BBC Radio 4’ s Today Programme. Most mornings recently the programme has set a puzzle.  The public utterances by the Drax Group, owner of the UK’s largest power station, are nothing if not a bit puzzling. In February last year [...]

By |2018-01-05T15:57:11+00:00January 5th, 2018|Drax Plc|Comments Off on Drax Group insists that operationally it is in good shape despite some slightly puzzling key financial performance indicators

The Drax Group firmly establishes itself as a leading renewable power producer.

The Drax Group firmly establishes itself as a leading renewable power producer. (15/11/2016) What a difference a year can make. In October2015 it became clear that the government had launched a double whammy against the London-listed, £1,175.75 million market cap Drax Group, which owns and operates the UK’s largest power station, that could effectively scupper [...]

By |2017-06-29T11:56:21+00:00June 6th, 2016|Articles, Drax Plc|Comments Off on The Drax Group firmly establishes itself as a leading renewable power producer.
Go to Top