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Birmingham Post
Birmingham Post
Business
David Laister

Drax returns to profit as latest steps to further green up power generation are made

Drax is back in the black as it emerged as a greener operator from 2021.

The energy giant sold off its gas-fired generation interests as it concentrated on biomass and hydro-electric operations, furthering its carbon capture plans to further clean up the North Yorkshire operations, while providing a huge anchor project for the wider Humber Net Zero ambition.

Total turnover dropped from £412 million to £398 million, with gas-fired generation discontinued after it was sold in a £186 million deal to Immingham-headquartered VPI.

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