Drax Group is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
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12 Facts About Drax Group
2.
In December 2003, the restructuring was completed and Drax Group came under the ownership of a number of financial institutions.
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3.
Almost exactly two years later, on 15 December 2005, Drax underwent a re-financing and shares in Drax Group plc were listed on the London Stock Exchange for the first time.
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4.
In 2009, Drax Group acquired Haven Power – enabling it to sell electricity directly.
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5.
In 2015, the Drax Group acquired Billington Bioenergy, specialists in providing sustainable biomass pellets for domestic energy systems.
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6.
In 2016, Drax Group acquired Opus Energy for £340 million funded by a new acquisition debt facility of up to £375 million.
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7.
In October 2017, Drax Group sold Billington Bioenergy for £2 million to an AIM-listed energy company called Aggregated Micro Power Holdings.
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8.
On 16 October 2018, Drax Group announced that it had agreed to acquire Scottish Power's portfolio of pumped storage, hydro and gas-fired generation for £702 million in cash from Iberdrola, subject to shareholder approval.
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9.
Drax Group confirmed that approval had been granted on 1 January 2019.
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11.
On 13 April 2021, Drax Group announced that it had completed the acquisition of Pinnacle Renewable Energy Inc.
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12.
Drax Group was the last coal-fired power station to be built in the UK, and was initially designed to use low-sulphur coal from the nearby Selby coalfield in six generating units.
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