Drax improves profit guidance after heatwave boosts demand Drax group chief executive Will Gardiner said strong recent trading continued into the second half of 2026. Evening Standard · Sep 17
Drax Group Pauses Buyback as £561M Bluefield Solar Deal Boosts UK Renewables Drax Group (LON:DRX) Chief Executive Will Gardiner said the company’s recommended all-cash offer to acquire Bluefield Solar Income Fund would significantly expand Drax’s U.K. renewables business and broaden its generation portfolio, while prompting a pause in its current share buyback program pendin MarketBeat · Jun 1
Drax power plant to go on earning ‘over £1m a day’ from burning wood pellets Analysts say Britain’s biggest power plant in line to earn £458.6m a year under new government subsidy contract The Guardian - UK · Nov 5, 2025
New subsidies for Drax that ‘halve’ payments for burning wood for power New rules for the huge wood-pellet burning power station will also improve sustainability, Government says. Evening Standard · Feb 10, 2025
Drax announces £150m share buyback after record profits Group pauses investment in carbon capture project as it waits for details on possible government subsidy The Guardian - UK · Apr 26, 2023
Coal culled at Drax after 50-year contribution as carbon capture investment plan put on pause Significant moment for the business flagged by group CEO as £50m spend on BECCS scheme held off after Track One omission Birmingham Post · Apr 26, 2023
Drax chief’s pay packet jumped almost 70% to £5.4m in 2022 Campaigners say Will Gardiner’s pay rise comes from subsidies on energy bills paid for by public and accuse firm of greenwashing The Guardian - UK · Mar 17, 2023
BP declines to reveal how much ‘loophole’ saved it in windfall tax MPs hear concerns that investment in North Sea oil and gas reduces the tax, effectively rewarding fossil fuels over renewables The Guardian - UK · Nov 22, 2022
Drax submits plans for world's largest carbon capture facility Two-unit proposal would tap into Zero Carbon Humber and East Coast Cluster transportation and storage projects Birmingham Post · Jul 12, 2022
Government asks Drax to keep coal on the back burner as energy crisis continues North Yorkshire energy giant intends to close two remaining units in September but 'remains committed to supporting security of supply in the UK' Birmingham Post · Apr 27, 2022