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Drax signs agreement to acquire three BESS projects from Apatura
Yahoo Finance· 2025-10-31 17:28
Drax has signed an agreement to purchase three battery energy storage system (BESS) projects from Apatura, a UK-based renewable energy and BESS developer. The portfolio comprises three ready-to-build two-hour duration BESS sites, with two located in Scotland and one in Northern England, with a combined capacity of 260MW. According to the agreement, Drax will pay a fixed sum of £157.2m ($206.9m) in staged payments between 2025 to 2028, contingent upon Apatura meeting specific construction milestones and p ...