'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

Global renewable energy capacity tipped to double by 2031

Global renewable energy capacity tipped to double by 2031

Latest GlobalData figures suggest renewables set fresh global records in 2025 and capacity is now set to grow to 8.4TW by 2031

clock 12 March 2026 • 4 min read
Capacity Market: Latest auction secures over 40GW of back up power

Capacity Market: Latest auction secures over 40GW of back up power

Gas fired power generation dominates latest T-4 auction, securing more than 23GW of back-up power for Britain's grid in 2029-2030

Michael Holder
clock 11 March 2026 • 5 min read
The 2028 tipping point: When clean power becomes Britain's economic advantage

The 2028 tipping point: When clean power becomes Britain's economic advantage

The UK cannot control global gas prices but we can reduce their grip on the energy market with clean power - and if we do the debate over whether renewables push bills up will fade, writes Matt Parry from the Renewable Energy Association (REA)

Matt Parry, Renewable Energy Association (REA)
clock 11 March 2026 • 3 min read