Drax is a major enabler of the energy transition. It is the only UK investment opportunity of scale that can offer exposure to BECCS, long duration storage and low carbon spinning reserve, all essential to deliver what is now a legal requirement for net zero emissions by 2050. We initiate coverage with a central case valuation of 505p.
07 Aug 2020
Drax - Enabling the energy transition
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Drax - Enabling the energy transition
Drax Group plc (DRX:LON) | 516 12.9 0.5% | Mkt Cap: 1,995m
- Published:
07 Aug 2020 -
Author:
Adam Forsyth -
Pages:
71
Drax is a major enabler of the energy transition. It is the only UK investment opportunity of scale that can offer exposure to BECCS, long duration storage and low carbon spinning reserve, all essential to deliver what is now a legal requirement for net zero emissions by 2050. We initiate coverage with a central case valuation of 505p.