Drax has dropped plans to develop any new gas plants, including its plans to build Europe's biggest CCGT plant as it moves to turn its back on fossil fuels.
Fossil fuel generation has more than halved over the last decade, hitting a new record low in 2020.
Drax has sold on Drax Generation Enterprise to VPI Holdings, passing on its four CCGT plants in the process.
Drax is estimating that it is to take a £60 million hit from the impact of COVID-19 as its Customers business feels the bite due to plummeting demand.
Drax is transitioning its executive management structure for its generation business.
Drax CEO Will Gardiner spoke to Current± about why ending coal made sense, what will happen to the remaining units post-2022 and how bioenergy alongside carbon capture and storage (BECCS) fits into the future energy mix.
Drax’s commercial energy supplier Opus Energy launches a 100% renewable electricity tariff.
Drax announces it is to eliminate coal from its generation from next year, as it unveils financial results for 2019.
Drax has announced its intention to become the first company in the world to be carbon negative by 2030.