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Drax agees £18m capacity market deal for hydro power

Drax agees £18m capacity market deal for hydro power
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North Yorkshire , United Kingdom , Dumfries And Galloway , Argyll And Bute , National Grid , Humber Renewables , Cruachan Pumped Storage , Drax Power , Humber Renewables Awards , Climate Agenda , Yorkshire Humber ,

Yorkshire-based Energy giant hails Scottish hydro assets


Drax said its Scottish hydro operations had performed well during the six months to June 30.
The assets include the Cruachan Pumped Storage power station in Argyll and the Lanark and Galloway river-based schemes.
They were included in a portfolio that Drax acquired from ScottishPower in a £700 million deal in 2018, along with a plant at Daldowie  that produces fuel pellets from sludge.
The company generated £34m earnings from the portfolio in the first half, compared with £35m in the same period last year.
In his business review, chief executive Will Gardiner said: “We are continuing to develop a long-term option for the expansion of Cruachan, which could create a 1GW pumped storage power station (currently 0.4GW) and commenced a planning application process in June 2021.” ....

Loch Awe , Argyll And Bute , United Kingdom , South Lanarkshire , Cruachan Pumped Storage , Will Gardiner , லாக் பிரமிப்பு , ஆர்கில் மற்றும் ப்யூட் , ஒன்றுபட்டது கிஂக்டம் , தெற்கு லானர்க்ஷயர் , க்ரூச்சன் பம்ப் செய்யப்பட்டது சேமிப்பு , விருப்பம் தோட்டக்காரர் ,