Drax Group underwent a re-financing and shares in Drax Group plc were listed on the London Stock Exchange for the first time. In 2009, Drax Group acquired Haven Power – enabling it to sell electricity directly. In 2015, the Group acquired Billington Bioenergy, specialists in providing sustainable biomass pellets for domestic energy systems. In 2016, Drax Group acquired Opus Energy for £340 million funded by a new acquisition debt facility of up to £375 million. In October 2017, Drax sold Billington Bioenergy for £2 million to an AIM-listed energy company. Drax Group’s key asset is Drax Power Station. Originally built, owned and
James Drax he and his companions arrived and lived for a time in a cave, hunting for provisions, and clearing land for the planting of tobacco, which soon became the staple crop of the island. Drax later claimed that he had arrived with a stock of no more than £300, and that he intended to stay on the island until he had parlayed that initial investment into a landed fortune worth £10,000 a year back home. By the late 1630s, Drax had accumulated a substantial portion of land on Barbados, together with his brother William Drax. Owing to a slump in tobacco