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Drax Group PLC on Thursday announced it will buy three battery energy storage system, BESS, project from Apartura Ltd. Drax, a Selby, North Yorkshire-based electricity generator, said it will pay a fixed amount of £157.2 million in staged payments between 2025 and 2028, reflecting milestones and including payments to Apatura linked to their delivery of the projects. The 260 megawatt 2-hour duration development portfolio is across two sites in Scotland and one in Northern England. Drax expects the acquisition of the first two projects to occur in 2025, and the third to complete in the first quarter of 2026. Construction on all three sites is expected to start in 2026, with the first site operational in 2027. Drax Chief Executive Officer Will Gardiner said: ‘As the UK’s network increases its reliance on intermittent renewables, more dispatchable and reliable generation will be required to help keep the lights on when the wind isn’t blowing or the sun isn’t shining. ‘Through the development of our strategy we are working to create value and growth in the short, medium and long-term, aligned to the UK’s energy needs and underpinned by strong cash generation, a disciplined approach to capital allocation and attractive returns for shareholders, significantly in excess of our weighted average cost of capital.’ Drax shares rose 1.8% to 745.50 pence each on Thursday morning in London. Its shares are 19% higher than a year ago. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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