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biopact (Free subscription) | 03/11/2008
In one of the largest renewable energy deals of this year, Drax Group announced an investment of up to £2 billion (€2.5/$3.2bn) into 900 MW of dedicated biomass baseload power, together with Siemens Project Ventures GmbH. This is one of several multi-billion dollar biomass investments announced so far this year, making the bio-power sector the leading renewable energy sector once again. This single...
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The Coffee House (Free subscription) | 02/11/2008
The Drax group which owns Drax power station has announced it is to build three biomass power stations at a cost of £2 billion. The company expects “attractive returns” and expects them to generate 900 megawatts of power compared to 4,000 megawatts from its coal power station. Drax Chief executive Dorothy Thompson said “We believe [...]
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Treehugger (Free subscription) | 24/10/2008
photo: Drax Group Drax Group , the owner of the eponymous 4,000 MW coal-eating behemoth power plant in North Yorkshire, England has announced that it will be partnering with Siemens to do something other than spew greenhouse gases into the atmosphere. Wait, that was a bit harsh... Drax Group and Siemens say that they will be building three 300 MW biomass power plants in the UK over the next couple...
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The Guardian (Free subscription) | 24/10/2008
Drax Group, the owner of Britain's most carbon-intensive power station, is turning green with a £2bn plan to build the country's first large-scale biomass plants which burn plant-based materials. The three facilities in Hull, Immingham and probably the North Yorkshire village of Drax itself, will have the capacity to produce 900 megawatts of electricity - enough to supply 3% of the country's total...
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Times Online (Free subscription) | 24/10/2008
Yesterday’s trading update from Drax Group, the owner of Britain’s biggest coal-fired power station, contained no clue to the 5 per cent fall in its shares.
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The Guardian (Free subscription) | 23/10/2008
Drax Group , the owner of Britain's most carbon-intensive power station, is turning green with a £2bn plan to build the country's first large-scale biomass facilities which burn plant-based materials. The three facilities in Hull, Immingham and probably the North Yorkshire village of Drax itself, will have the capacity to produce 900 megawatts of electricity - enough to supply 10% of the country's...
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Market Watch (Free subscription) | 23/10/2008
LONDON (MarketWatch) -- Power generation firm Drax Group said Thursday that trading conditions in the commodity markets have continued to improve and that firm now expects full year results to modestly exceed current market EBITDA consensus estimates. Separately, the firm said that it intends to develop a 900MW dedicated biomass-fired generation business with Siemens Project Ventures. Based on current...
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Finance Markets (Free subscription) | 09/10/2008
Equities markets in Europe declined again Thursday on concerns that governments’ efforts to avoid a global recession will not be sufficient. In London, the FTSE 100 closed down 1.21 percent to 4,313.8 after earlier gains, while the FTSE 250 dropped 0.3 percent to 7,179.43. Power generators saw declines on broker downgrades as Drax Group (LSE: DRX) [...]
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Scotsman.com (Free subscription) | 06/08/2008
DRAX Group, which runs Britain's biggest coal-fired power station, yesterday reported a fall in profits of more than 28 per cent in the first half as its fuel and carbon e
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The Telegraph (Free subscription) | 06/08/2008
Drax Group, the owner of western Europe's biggest coal-fired power station, reported a 45pc decline in first-half profit as higher selling prices for its power was more than offset by increased costs for coal and carbon emission allowances.
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Market Watch (Free subscription) | 05/08/2008
LONDON (MarketWatch) -- U.K. coal-fired power station operator Drax Group said Tuesday that its first-half net profit fell 46% to 118.2 million pounds ($231.9 million), while revenue grew 25% to 801.8 million pounds. The group said an increase in average achieved power price during the period was more than offset by higher coal and carbon costs. The group said it expects earnings before interest,...
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Times Online (Free subscription) | 01/07/2008
A French bid for British Energy may have made it the best performer among Britain’s power generators so far this year but Drax Group is running its nuclear rival a decent second.
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Market Watch (Free subscription) | 30/06/2008
LONDON (MarketWatch) -- U.K. coal-fired power station operator Drax Group said Monday that it expects earnings before interest, taxes depreciation and amortization for its fiscal year to be "modestly higher" than the market consensus of around 400 million pounds ($797 million). The group said the current commodity prices make it profitable to generate additional power and it therefore expects generation...
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York Press (Free subscription) | 24/06/2008
THE soaring cost of energy and the slump in the property market have been reflected after one North Yorkshire company exited the FTSE Index of leading shares, and another one took its place.
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Mondo Visione (Free subscription) | 11/06/2008
FTSE Group ("FTSE") confirms today that Alliance and Leicester, Persimmon, Home Retail Group and Tate & Lyle will leave the FTSE 100 and be replaced by global group Invensys, mining company Ferrexpo, oil services firm Petrofac and power station operator Drax Group.
