Global Infrastructure SherpaDrax to acquire Canadian pellet producer Pinnacle Renewable Energy
USD385M
Deal Value
Drax Group plc agreed to acquire Pinnacle Renewable Energy, a Canadian biomass pellet producer, for $385 million CAD. The acquisition aimed to increase Drax's biomass supply and support its decarbonization efforts.
Timeline
Announced
Apr 12, 2025
Signed
Closed
Counterparts (2)
Market Context
This deal is part of the Biomass sector in Canada.
27
Biomass deals
78
deals in Canada
Source
www.globenewswire.com
1 of 26 Biomass deals tracked this month · Updated daily