Drax completed acquisition of Pinnacle Renewable Energy
British energy company Drax, which owns the world’s largest biomass power station, located in the United Kingdom and wood pellet mills in the southern United States, has announced that purchase of wood pellet producer Pinnacle Renewable Energy, originally announced in late February 2021, has been officially completed. The purchase of Pinnacle’s 11 sites, which include plants owned 100% by Pinnacle in Williams Lake, Burns Lake, Meadowbank (south of Hixon), as well as in Armstrong in the Okanagan and Entwistle, Alta. It holds 70% ownership of a plant in Smithers and 30% of one in Houston, B ...
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