'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 development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Energy

An old technology with a new twist: Inside one company's quest to build 'high density' pumped hydro

An old technology with a new twist: Inside one company's quest to build 'high density' pumped hydro

BusinessGreen looks at how a Plymouth mine site could become ground zero for an innovative form of hydro energy storage

Cecilia Keating
clock 14 November 2024 • 8 min read
Trump's win, Hackney wind turbines and a £1bn London heating scheme: BusinessGreen's most read stories of the week

Trump's win, Hackney wind turbines and a £1bn London heating scheme: BusinessGreen's most read stories of the week

BusinessGreen rounds up the most widely read stories on the site this week

BusinessGreen staff
clock 08 November 2024 • 1 min read
Ecotricity and BAFTA albert partner to deliver green energy to UK creative industries

Ecotricity and BAFTA albert partner to deliver green energy to UK creative industries

Ecotricity and BAFTA albert team up to offer affordable, sustainable power to businesses working in the creative industries

Stuart Stone
clock 08 November 2024 • 2 min read