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Drax Group plc
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Drax Group (LSE: DRX) lifts 2026 outlook as £561m Bluefield acquisition reshapes UK power portfolio
Drax expects 2026 adjusted EBITDA near the top of the £680 million to £711 million analyst range after strong summer generation and its acquisition of Bluefield Solar Income Fund, which has expanded capacity under management to approximately 6.1 gigawatts.
West Burton C reaches financial close as Fidra Energy advances £250m UK battery investment
Fidra’s £231m West Burton C financing moves a 500MW battery toward construction as Drax, lenders and taxpayers test UK storage economics at scale.
Drax cleared by FCA as DRX investors refocus on biomass subsidies and Bluefield deal
Drax avoids FCA action over biomass disclosures, but DRX investors still face subsidy, sustainability, leverage and Bluefield Solar acquisition risks.
Can Drax Group turn Bluefield Solar Income Fund into a post-biomass growth engine?
Drax is buying renewables scale. The harder question is whether Bluefield Solar can offset biomass risk and reset investor confidence.