Drax Group plc Completes acquisition of Scottish Power portfolio

Drax Group Plc

Drax Group plc (LON:DRX) today announced that it has completed the acquisition of Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation, which comprises Scottish Power Generation Group and its wholly owned subsidiary, SMW.

The Acquisition was originally announced on 16 October 2018.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

Drax Group declares 17.4p final dividend for FY2025

On 26 February 2026, Drax Group plc announced a proposed final dividend of 17.4 pence per share for the year ended 31 December 2025, subject to shareholder approval at the 2026 Annual General Meeting.

Drax reports 2025 results with record renewable generation and lower net debt

Drax Group reported record renewable generation in 2025, supplying 6% of UK power, alongside adjusted EBITDA of £947m and a 7% increase in adjusted EPS to 137.7p.

GB power system reform brings flexibility markets into sharper focus

GB electricity reform is sharpening the commercial opportunity in demand side flexibility and asset optimisation.

Drax Group’s Second Tolling Agreement Builds Momentum In Battery Storage, says Longspur Research

Drax Group signs second BESS tolling agreement as Longspur Research lifts valuation to 1093p on strengthened flexibility strategy.

Drax signs 15-year tolling agreement for 200MW battery storage at Coalburn

Drax Group has signed a 15-year tolling agreement with Zenobē Coalburn Limited for a 200MW (800MWh) four-hour battery energy storage system at Coalburn, Scotland, targeting commercial operation in 2028.

Demand side flexibility set to reshape UK energy markets

UK reforms are expanding demand side flexibility access, opening up new commercial opportunities in energy markets.

Search

Search