2 minutes
Drax shares have soared over 12% to a 52-week high of 636p following strong first-half results, a promising full-year outlook, and the announcement of a £300 million share buyback. Pre-tax profits surged 37% to £463m for the six months ending 30 June. The FTSE 250-listed energy firm now
3 minutes
Drax Group has announced it is investing £80 million in a major refurbishment of its Cruachan pumped storage hydro power station in Scotland – increasing its capacity and supporting UK energy security.
4 minutes
Energy firm Drax Group has received approval from the Scottish Government to construct a new £500 million underground pumped storage hydro plant at its existing Cruachan facility in Argyll. The decision, made through the Section 36 process, represents a significant step in Scotland's journey t
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