What agreements has Drax secured?

Drax has secured agreements to provide 434 megawatts of power primarily from its pumped storage and hydro plants.

What is the expected income from the Glenlee power station deal?

The company has provisionally agreed to supply 24 megawatts of power for refurbishing the Glenlee power station, with an expected income of roughly 20 million pounds from the deal.

When will the power agreements take effect?

The power agreements will take effect from October 2028 to September 2029.

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Home > Finance > UK power firm Drax signs capacity deals worth up to $56 million

Finance

UK power firm Drax signs capacity deals worth up to $56 million

Published by Global Banking & Finance Review®

Posted on March 12, 2025

1 min read

Last updated: January 24, 2026

UK power firm Drax signs capacity deals worth up to $56 million - Finance news and analysis from Global Banking & Finance Review

UK power firm Drax signs capacity deals worth up to $56 million

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Drax Secures Power Capacity Agreements Worth Up to $56 Million

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