Drax completes GBP 548 million acquisition of Bluefield Solar Income Fund

• Drax completed the GBP 548 million acquisition of Bluefield Solar Income Fund, adding solar and wind assets to its generation portfolio.
• Deal adds 0.9 GW of operating and under-construction solar and wind capacity, with a 2.9 GW gross development pipeline over the next decade.
• Combined renewable generation and flexible assets now exceed 3 GW, overtaking Drax Power Station’s 2.6 GW capacity for the first time.
• Transaction positions the group for UK power-demand growth, targeting stronger cash generation from the acquired operational portfolio.

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