It now expects full-year adjusted earnings around the top of analyst consensus, boosted by the completed Bluefield Solar acquisition and strong summer trading.

"We are at a key moment in Drax's transition, investing to create a larger and broader portfolio with more MWs under management that can provide more power to the country when needed," said chief executive Will Gardiner.

The UK government has waved through Drax's £X takeover of Bluefield Solar Income Fund, clearing the last regulatory condition before completion.

"We recognise the importance of compliance with our regulatory obligations and have worked constructively with the FCA throughout this investigation," said CEO Will Gardiner.

"BSIF could potentially be the biggest acquisition our business has ever made," said Will Gardiner, CEO of Drax.

"The successful commissioning of our first OCGT plant is a landmark moment for Drax," said Will Gardiner, Drax Group CEO.

In a trading update, Drax Group said had over £1 billion of contracted forward power sales for 2026-28,