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SummaryThe report contains a detailed description of the power generation company's business operations, history, corporate strategy, and business structure. This report contains a detailed SWOT analysis, information on key employees (executives), and major products and services.Scope- Major Power Plants (assets) - summarized and detailed information about the power plants (assets).- Operational Metrics (capacity, generation, revenue, sales, number of consumers).- Business description - A detailed description of the company's operations and business divisions.- Corporate strategy - GlobalData's summarization of the company's business strategy.- SWOT analysis - A detailed analysis of the company's strengths, weakness, opportunities and threats.- Company history - Progression of key events associated with the company.- Major products and services - A list of major products, services and brands- Key employees - A list of the key executives and personnel heading key departments/functions.- Executive biographies - A brief summary of the executives' employment history.- Financial deals - Coverage of key financial deals from 2006 onwards, depending upon information availability- Important locations and subsidiaries - A list of key locations and subsidiaries of the company, including contact details.* Note: Some sections may be missing if data is unavailable for the company.Reasons to buy- Gain key insights into the company for academic or business research purposes. Key elements such as SWOT analysis, corporate strategy and major products and services are incorporated in the profile to assist in various business decisions (M&A and JV).- Identify potential customers and suppliers with this report's analysis of the company's business structure, operations, major products and services and business strategy.- Understand and respond to competitors' business structure and strategies with GlobalData's detailed SWOT analysis. In this, the company's core strengths, weaknesses, opportunities and threats are analyzed, providing an up to date objective view of the company.
Table of ContentsTable of Contents 2List of Tables 5Company Snapshot 6Key Information 6Company Overview 6SWOT Snapshot 6Operational Metrics 7Drax Group Plc, Operational Metrics, By Capacity 7Drax Group Plc, Operational Metrics, By Segmental Information 7Drax Group Plc, Operational Metrics, By Sales 7Drax Group Plc, Biopower Plants 8Drax Group Plc, Biopower Plants, United Kingdom 8Drax Group Plc, Thermal Power Plants 9Drax Group Plc, Thermal Power Plants, United Kingdom 9Business Description 10Business Overview 10Major Products and Services 11History 12SWOT Analysis 16Overview 16Drax Group Plc Strengths 16Business Performance: Retail Segment 16Market Leadership 16Cost Efficiency 16Drax Group Plc Weaknesses 17Business Performance: Generation Segment 17Drax Group Plc Opportunities 17Favorable Renewable Policies: European Union 17Positive Outlook for Biopower: the UK 17Strategic Acquisitions 17Expansion Initiatives 17Drax Group Plc Threats 18Risks in Wholesale Market 18Raw Material Cost Fluctuation 18Environmental Laws and Regulations 18Financial Ratios - Capital Market Ratios 19Financial Ratios - Annual Ratios 19Financial Ratios - Interim Ratios 21Key Employees 22Key Employee Biographies 23Company Statement 24Locations And Subsidiaries 26Head Office 26Other Locations & Subsidiaries 26Financial Deals Landscape 28Drax Group Plc, Deals Summary 28Drax Group Plc, Power, Deal Details 29Asset Transactions 29Drax Group Acquires Four OCGT Power Development Projects in UK from Watt Power 29Equity Offering 30Drax Announces Private Placement Of Shares For US$287.8 Million 30Drax Group Completes Private Placement Of Shares For US$303.2 Million 32Debt Offering 34Drax Prices Public Offering of 4.25% Notes Due 2022 for USD448.2 Million 34Drax Prices Public Offering of Notes Due 2022 for USD256 Million 35Acquisition 36Aggregated Micro Power to Acquire Billington Bioenergy from Drax Smart Supply for USD2.6 Million 36Drax Group Completes Acquisition of Opus Energy for USD431.9 Million 38Recent Developments 40Drax Group Plc - Recent Developments 40Feb 23, 2016: Drax looks to shut down coal-fired stations due to low gas prices 40Jul 09, 2015: New milestone reached in biomass supply chain 40Sep 26, 2012: Drax Plans To Partially Convert Coal-fired Power Plant To Biomass-Fueled In UK 40Jul 19, 2017: Drax Group PLC: Half-year Report 40Feb 16, 2017: Drax Group PLC: Preliminary Results For The Twelve Months Ended 31 December 2016 41Jul 26, 2016: Drax Group plc: Half Year Results for the six months ended 30 June 2016 43Feb 23, 2016: Drax Group preliminary results for the twelve months ended 31 December 2015 44Jul 28, 2015: Drax Group plc: Half year results for the six months ended 30 June 2015 46Feb 24, 2015: Drax Group Plc: Preliminary Results For The Year Ended 31 December 2014 48Nov 05, 2014: Drax Group PLC Interim Management Statement 49Jul 29, 2014: Drax Group: Half Year Results For The Six Months Ended 30 June 2014 50May 09, 2014: Drax Group Announces Interim Management Statement 52May 09, 2014: DRAX GROUP PLC Interim Management Statement 53Feb 18, 2014: Preliminary results for the year ended 31 December 2013 54Jul 30, 2013: Drax half year results for the six months ended 30 June 2013 55Feb 19, 2013: Drax Reports Revenue Of £1.8 Billion In 2012 57Feb 22, 2010: Drax Reports Total Revenues Of GBP1.5 Billion In 2009 58Aug 04, 2008: Drax Reports Revenues Of GBP801.8 Million For H1 2008 59Sep 06, 2007: Drax Declares H1 2007 Results 60Nov 15, 2017: Appointment of new non-executive director - Drax Group plc 61Oct 27, 2017: DRAX GROUP PLC: Appointment of Interim Chief Financial Officer 61Oct 18, 2017: Drax generates £1.7bn and supports over 18,500 jobs in the UK 61Oct 09, 2017: Drax collaborates with academics to meet the UK's changing energy needs 62Sep 21, 2017: Will Gardiner to succeed Dorothy Thompson as Chief Executive of Drax Group 63Sep 21, 2017: Will Gardiner, Chief Financial Officer, Drax Group 64Sep 13, 2017: Drax starts planning process for battery storage and gas options on site 64Sep 01, 2017: UK Power Group Set to Phase Out Coal 65Aug 25, 2017: Renewable energy contributes 25 percent of UK's power during second quarter of 2017 65Jul 20, 2017: Britcon delivers for UK's largest Power Station 65Jul 19, 2017: Drax Group plc: appointment of new non-executive director 65Jun 15, 2017: DRAX GROUP PLC: Capital Markets Event and Trading Update 66Jun 15, 2017: UK's Drax to convert coal-fired power units into gas-based units 67May 11, 2017: Drax Group: Seasonal deployment - powering the clean energy revolution whatever the weather 67Mar 23, 2017: Drax Group plc: Notice of Change to Director Details 68Mar 02, 2017: Drax Optimizes UK Renewable Fuel Supply with Quintiq 68Feb 09, 2017: Power sector's carbon emissions at 60-year low as coal generation falls dramatically 69Dec 19, 2016: Drax given green light to complete biomass upgrade, saving 12 million tonnes of carbon every year 70Sep 13, 2016: Drax generates £34m and 550 jobs for Wales economy 71Sep 07, 2016: Drax generates £1.2bn and over 14,000 jobs for the economy says new report from Oxford Economics 71Aug 23, 2016: Ofgem decision on National Grid's request to recoup spending on power station contracts 72Jun 08, 2016: Ofgem consults on request from National Grid to recoup spending on power station contracts 72Feb 29, 2016: Drax Group: Directorate Change 72Feb 16, 2016: Consumers could save £2 billion if green light given for reform of energy generation auctions 72Jan 26, 2016: Drax CfD - Further Details of EC Formal Investigation 73Nov 24, 2015: Drax Group plc: Trading Update 73Nov 16, 2015: Capula successfully commissions first soot blower control system at Drax 74Nov 11, 2015: Drax Group plc: Directorate Changes 74Sep 25, 2015: Drax announces plan to end further investment in White Rose Carbon Capture & Storage project 74Sep 02, 2015: Infinis And Drax Announce Initiate proceedings for a judicial review of the notice period for the removal of the Climate Change Levy 75Jul 08, 2015: Drax Group: Climate Change Levy Announcement 75Jul 06, 2015: Drax Group plc: Directorate Change 75Jun 17, 2015: Drax to save 20 millionth tonne of carbon through use of sustainable biomass 75May 13, 2015: Drax promotes strategy director to chief executive at power generator in group shake-up 76Apr 29, 2015: Drax Group plc: Directorate Change 76Mar 25, 2015: Drax Biomass appoints Peter Madden as U.S. CEO 76Dec 04, 2014: Official opening of biomass terminal at Port of Hull signals start of City's renewables revolution 76Sep 24, 2014: Drax Group plc Directorate Change 77Jul 23, 2014: Drax Group: Legal Challenge Update 77Jul 14, 2014: DRAX Group Plc: Legal Challenge Judgment 78Apr 23, 2014: Drax Group: Unit Eligibility Update For Early CFDs 78Feb 25, 2014: Drax Group PLC Announces Directorate Change 78Dec 04, 2013: Two Drax Biomass Units Eligible for Early CFDs CFD Strike Prices Confirmed 78May 08, 2013: FCC Environment Harvests First Landfill Biomass Crop 79Apr 24, 2013: Drax Agrees £75m Amortizing Loan Facility 79Dec 20, 2012: Drax Secures Financing For Biomass 80Mar 12, 2012: Drax Group Cancels Its Plans To Construct 300 MW Biomass Plant In Selby, UK 80Feb 21, 2012: Drax Announces Strategic Capital Investment Plan For 2012 80Aug 30, 2011: Drax Appoints Paul Taylor As Executive Director 80Jun 28, 2010: Drax's Board Appoints Tony Thorne As Non Executive Director 81Feb 19, 2010: Drax Drops Its Plans To Substitute Coal-Fuel With Other Renewable Fuels At Drax Power Plant 81Dec 18, 2009: Drax's Independent Non-Executive Director Jamie Dundas To Step Down 81Nov 03, 2008: Drax Appoints Non Executive Director 81Dec 09, 2016: Drax Group plc: Capacity Market Contracts 81Apr 01, 2016: Drax Group plc: Ancillary Services Contract 82Jul 31, 2015: ESG Helps Drax Fuel a Cleaner Future 82Jun 08, 2015: Doosan Babcock wins multimillion pound contract to make major power plant greener 82Apr 08, 2015: DB Schenker Rail UK wins contract to deliver coal to Drax Power Station 83Jan 06, 2015: Drax appoints Capula for new soot blower control system 83Mar 06, 2013: Siemens Wins Contract To Upgrade Three Drax Power Station's Intermediate Pressure Turbines In Newcastle, UK 83Jan 26, 2009: E.ON And Drax Gets Agreement To Connect Biomass Stations 84Appendix 85Report Scope 85GlobalData Coverage 85Benchmarking 85GlobalData's Methodology 85Secondary Research 85Primary Research 86Contact Us 86Disclaimer 86List of TablesDrax Group Plc, Key Facts 6Drax Group Plc, Operational Metrics, Capacity 7Drax Group Plc, Operational Metrics, Segmental Information 7Drax Group Plc, Operational Metrics, Sales 7Drax Group Plc, Biopower Plants, United Kingdom 8Drax Group Plc, Thermal Power Plants, United Kingdom 9Major Products and Services 11Drax Group Plc, SWOT Analysis 16Drax Group Plc, Ratios based on current share price 19Drax Group Plc, Annual Ratios 19Drax Group Plc, Interim Ratios 21Drax Group Plc, Key Employees 22Drax Group Plc, Subsidiaries 26Drax Group Plc, Deals Summary 28Drax Group Acquires Four OCGT Power Development Projects in UK from Watt Power 29Drax Announces Private Placement Of Shares For US$287.8 Million 30Drax Group Completes Private Placement Of Shares For US$303.2 Million 32Drax Prices Public Offering of 4.25% Notes Due 2022 for USD448.2 Million 34Drax Prices Public Offering of Notes Due 2022 for USD256 Million 35Aggregated Micro Power to Acquire Billington Bioenergy from Drax Smart Supply for USD2.6 Million 36Drax Group Completes Acquisition of Opus Energy for USD431.9 Million 38