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
Drax power station scheduled begin in late 2010 and to take up to three and a half years. Two other 300 MW biomass plants were planned by Drax at the ports of Hull and Immingham. In 2012 Drax group abandoned plans for the discrete biomass plant development, due to changes in government subsidies for biomass energy production favouring plant conversions over newly built plants. It switched to a project to convert half of the units at its existing plant to biomass firing. In September 2012 Drax Group announced the conversion to full firing with biomass of three of its six units. The first