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Ford in UK signs contract for 250 GWh/y with Drax unit

The Drax power station. Source: Drax Group Plc

October 18 (Renewables Now) - US automaker Ford Motor Company (NYSE:F) has agreed to purchase 250 GWh of renewable electricity per year for its three manufacturing locations in the UK.

The contract has been signed with Ipswich-based business electricity supplier Haven Power, a unit of Drax Group Plc (LON:DRX), which said Ford will be one of its largest clients. The carmaker aims to reach 100% renewable energy use at its global manufacturing plants by 2035.

“Large businesses are putting the environment at the top of their agenda and expect renewable power as standard, but they also want the flexibility to track wholesale energy prices and ensure they’re getting the best deal,” said Paul Sheffield, managing director Drax Customers at both Haven Power and Opus Energy. The company did not disclose further details on the Ford contract.

Most of the power sold by Haven comes from Drax’s biomass-fired units. The Drax Power Station near Selby has a capacity of 3,906 MW and in 2018 used 75% compressed wood pellets in power generation.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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