'Flexible and renewable focus': Drax to sell four gas power stations in £193m deal

Cecilia Keating
clock • 2 min read

Sale of four combined cycle gas turbine sites acquired just two years ago will allow Drax to slash emissions and enhance its focus on flexible and renewable power generation, company says

Drax has agreed to sell four UK combined cycle gas turbine (CCGT) power stations in a deal worth £193.3m with a holding company owned by Dutch energy trader Vitol, as the UK energy giant looks to double...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Survey: Confidence slips in carbon intensive industries' ability to meet net zero goals

Survey: Confidence slips in carbon intensive industries' ability to meet net zero goals

Poll of over 800 executives carried out before Iran War reveals widespread belief oil demand will keep rising for the foreseeable future

Michael Holder
clock 23 March 2026 • 4 min read
IEA warns global economy facing unprecedented energy crisis

IEA warns global economy facing unprecedented energy crisis

International Energy Agency claims world is facing three energy crises in one, as it urges governments, businesses, and households to adopt energy-saving measures

James Murray
clock 23 March 2026 • 6 min read
'Unlike anything seen before': Record 814GW of new solar and wind installed globally in 2025

'Unlike anything seen before': Record 814GW of new solar and wind installed globally in 2025

Almost 4GW of new solar added globally for every 1GW of wind, as think tank Ember declares renewables on track to become the 'backbone' of global electricity system

Stuart Stone
clock 20 March 2026 • 3 min read