Drax to acquire Canadian pellet producer Pinnacle Renewable Energy

Pinnacle Renewable Energy, a subsidiary of Drax Group, focuses on producing sustainable biomass fuel. They operate wood pellet production facilities and supply biomass for power generation.

Drax Group is a renewable energy company engaged in renewable power generation, the production of sustainable biomass, and the sale of renewable electricity to businesses. The company operates a generation portfolio of sustainable biomass, hydro-electric, and pumped hydro storage assets.