UK Financial Conduct Authority (FCA) Investigating London-Listed $3.3 Billion Renewable Energy Company Drax Group on Statements Made (2022 to 2024) on Biomass Sourcing & Compliance of Annual Reports (2021, 2022 & 2023). Current Market Value at $3.3 Billion, Share Price -1.4% YTD, +1.5% Last 12 Months & +131.4% Last 5 Years
30th August | Hong Kong
The UK Financial Conduct Authority (FCA) is investigating London-listed renewable energy company Drax Group ($3.3 billion market value) on statements made (2022 to 2024) on biomass sourcing & compliance of annual reports (2021, 2022 & 2023). Drax Group current market value at $3.3 billion, with share price -1.4% YTD, +1.5% last 12 months & +131.4% last 5 years. Notice (28/8/25): “The Company was notified on 26 August 2025 that the Financial Conduct Authority (“FCA”) has commenced an investigation into the Company covering the period January 2022 to March 2024 relating to certain historical statements regarding Drax’s biomass sourcing and the compliance of Drax’s 2021, 2022 and 2023 Annual Reports with the Listing Rules and Disclosure Guidance and Transparency Rules. The Company will cooperate with the FCA as part of their investigation.” Drax Group – Drax is enabling a zero carbon, lower cost energy future. 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. Drax operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. It is the UK’s largest source of renewable electricity. The company also operates a global bioenergy supply business with manufacturing facilities at 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia. The Group employs 3,400 people in the UK and North America.
“ UK Financial Conduct Authority (FCA) Investigating London-Listed $3.3 Billion Renewable Energy Company Drax Group on Statements Made (2022 to 2024) on Biomass Sourcing & Compliance of Annual Reports (2021, 2022 & 2023). Current Market Value at $3.3 Billion, Share Price -1.4% YTD, +1.5% Last 12 Months & +131.4% Last 5 Years “
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UK Financial Conduct Authority (FCA) Investigating London-Listed $3.3 Billion Renewable Energy Company Drax Group on Statements Made (2022 to 2024) on Biomass Sourcing & Compliance of Annual Reports (2021, 2022 & 2023). Current Market Value at $3.3 Billion, Share Price -1.4% YTD, +1.5% Last 12 Months & +131.4% Last 5 Years
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