Drax Group plc Completes acquisition of Scottish Power portfolio

Drax Group Plc

Drax Group plc (LON:DRX) today announced that it has completed the acquisition of Scottish Power’s portfolio of pumped storage, hydro and gas-fired generation, which comprises Scottish Power Generation Group and its wholly owned subsidiary, SMW.

The Acquisition was originally announced on 16 October 2018.

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Drax Group plc has secured provisional agreements for 434MW of capacity from its pumped storage and hydro assets, generating significant future revenue.
With its diverse portfolio of renewable and flexible generation assets.

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