Drax diversifies into capacity market and SMEs

Drax Group is to diversify its strategy to move away from coal generation, adding back-up gas-fired capacity and broadening its energy supply business to cover SMEs

Drax Group is diversifying further from coal fired generation, with new gas fired capacity and energy retail services for SMEs as well as converting to biomass. Photograph: Deborah Benbrook/123RFDrax Group has announced a shift in its business strategy towards providing more value-added electricity back-up services to the grid and supplying power to SMEs.

The announcement on 6 December coincided with its proposed acquisition of generation and electricity services retailer Opus Energy for £340m and of four open-cycle gas turbine (OCGT) projects.

Please sign in or register to continue.

Sign in to continue reading

Having trouble signing in?

Contact Customer Support at
report@ends.co.uk
or call 020 8267 8120

Subscribe for full access

or Register for limited access

Already subscribe but don't have a password?
Activate your web account here