'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

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech developments
  • Stay in the know with our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Tap into our extensive archive of exclusive articles, news, analysis and guides
  • Access our Intelligence Reports and exclusive data-rich studies on business-critical aspects of the green economy (BG Advanced members only)
  • Choose from 3 paid membership levels or start a 7-day no strings trial

Join nowTry 7 day trial

 

Already a BusinessGreen member?

Login

More on Energy

The UK and Italy consistently paid the highest spot prices during the recent period of high gas price volatility, according to Carbon Tracker | Credit: iStock

'Skewed': How poor electricity market design cost Britain £7bn

Carbon Tracker makes the case for sweeping reforms to the energy market to better protect electricity prices from gas market volatility and drive down the cost of the net zero transition

Cecilia Keating
clock 01 February 2023 • 7 min read
Credit: iStock

'Europe has avoided the worst of the crisis': EU renewables overtake gas power in 2022

Ember analysis shows wind and solar together took larger share of Europe's power mix than gas for the first time last year, with gas generation now expected to fall sharply in 2023

Michael Holder
clock 31 January 2023 • 3 min read
An Amazon warehouse in Wales with rooftop solar | Credit: iStock

Amazon procures record 8.3GW of clean energy in 2022

Company claims to set new record for the amount of clean power purchased by a single company in a year

Cecilia Keating
clock 31 January 2023 • 1 min read