The Drax prelims show continued progress in generation and pellet production with the impacts of COVID 19 on the customers business within expectations. The company is delivering cost reductions in its pellet supply business and this business will be significantly expanded with the proposed acquisition of Pinnacle Renewable Energy, turning the company into a major vertically integrated biomass business.
25 Feb 2021
Progress In Generation And Pellets
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Progress In Generation And Pellets
Drax Group plc (DRX:LON) | 522 47 1.8% | Mkt Cap: 2,020m
- Published:
25 Feb 2021 -
Author:
Adam Forsyth -
Pages:
3
The Drax prelims show continued progress in generation and pellet production with the impacts of COVID 19 on the customers business within expectations. The company is delivering cost reductions in its pellet supply business and this business will be significantly expanded with the proposed acquisition of Pinnacle Renewable Energy, turning the company into a major vertically integrated biomass business.