Drax has had a good Q1, benefiting from a volatile UK power market which has highlighted the benefits of its flexible portfolio. The company can also now be seen as a fully renewable energy company and is making strong progress towards being a negative emissions company. The early completion of the Pinnacle acquisition allows it to benefit from growing opportunities in BECCS, acknowledged in last month’s IRENA World Energy Transitions Outlook as key to delivering a 1.5oC outcome.
21 Apr 2021
Drax Group - Q1 Shows Robust Performance
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Drax Group - Q1 Shows Robust Performance
Drax Group plc (DRX:LON) | 503 42.3 1.7% | Mkt Cap: 1,945m
- Published:
21 Apr 2021 -
Author:
Adam Forsyth -
Pages:
6
Drax has had a good Q1, benefiting from a volatile UK power market which has highlighted the benefits of its flexible portfolio. The company can also now be seen as a fully renewable energy company and is making strong progress towards being a negative emissions company. The early completion of the Pinnacle acquisition allows it to benefit from growing opportunities in BECCS, acknowledged in last month’s IRENA World Energy Transitions Outlook as key to delivering a 1.5oC outcome.