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Utilities

Drax to buy UK plants from Iberdrola in shift away from coal

Drax Group will be buying some of Iberdrola's power plants to boost its clean energy assets while moving away from fossil fuels.
Photo: iberdrola
Photo: iberdrola
BY LARS PAULSSON, BLOOMBERG

Drax Group Plc agreed to buy some of Iberdrola SA's power plants for GBP 702 million (USD 923 million), boosting its clean energy assets in a further shift away from burning coal.

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