Brief: Drax Group Signs Tolling Agreement For 250MW (500MWh) Of New BESS Capacity
30/01/2026 07:19
Jan 30 (Reuters) - Drax Group PLC DRX.L: DRAX GROUP PLC - TOLLING AGREEMENT FOR 250MW (500MWH) OF BESS DRAX GROUP PLC: PROTECTED GRID CONNECTION, TARGETING A COMMERCIAL OPERATION DATE (COD) IN 2028 DRAX GROUP PLC: UNDER AGREEMENT FIDRA WILL RETAIN RESPONSIBILITY FOR CONSTRUCTION, MAINTENANCE AND AVAILABILITY OF ASSET DURING CONTRACT PERIOD DRAX : WILL PAY A FIXED ANNUAL TOLLING FEE OVER AGREED TERM OF 10 YEARS FROM COD, IN RETURN FOR FULL OPERATIONAL CONTROL AND DISPATCH RIGHTS Source text: ID:nRSd9970Qa Further company coverage: DRX.L ((Reuters.Briefs@thomsonreuters.com))