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Drax Group Invests £157.2 Million in 260MW Battery Storage Projects
Drax Group has committed £157.2 million to acquire three battery storage power station projects, enhancing its renewable energy capabilities in Scotland and England.
- Drax Group has signed an agreement to acquire three battery storage power station projects from Apatura Limited for £157.2 million, enhancing its renewable energy portfolio.
- The projects will provide a combined capacity of 260MW of 2-hour duration storage, contributing to dispatchable generation in the energy market across Scotland and England.
- Staged payments for the acquisition will occur between 2025 and 2028, with the first two projects expected to be completed in 2025, followed by the third project.
Por Qué Es Relevante
This investment by Drax Group signifies a strategic move towards expanding renewable energy infrastructure, which is crucial for meeting future energy demands and enhancing energy security across the UK.