The Drax group is still centred on the eponymous power station in Selby, Yorkshire, which in 2012 was the biggest coal-fired power station in the UK, providing nearly seven per cent of the electricity consumed in the UK from its’ six furnaces. Drax was controversial because it used coal. Today, the same Drax power station [...]
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 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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]