Total Drax economic impact in 2021
The latest findings of reports produced by Oxford Economics that analyses Drax’s economic footprint across the United Kingdom, United States and Canada in 2021.
35,600
Jobs supported
£3.1 bn
Contribution to GDP
£689 mn
Tax contribution
Our economic impact in the UK
In 2024, across its pumped storage, hydro and biomass assets, Drax Group generated 10% of the UK’s renewable electricity. It also makes an important economic contribution to the country. Through the people we employ, the supply chain we support and the goods and services we purchase, we help power the UK economy.
Total direct, indirect and induced impact 2021:
17,800
Jobs supported
£1.8 bn
Contribution to GDP
£398 mn
Tax contribution
Our economic impact in the US
In the US, the group has seven operational and development sites, and two further facilities at the deep-water ports in three of its primary States: Alabama, Louisiana, and Mississippi. Drax also has an impact across other states in the US, but this impact is smaller, so this report does not provide a deep dive into these areas. This impact is however considered in the overall assessment of the US.
Total direct, indirect and induced impact 2021:
7,400
Jobs supported
$1.0 bn
Contribution to GDP
$180 mn
Tax contribution
Our economic impact in Canada
In 2021, Drax acquired Pinnacle Renewable Energy and its pellet production assets on Canada’s west coast. This addition increased the group’s pellet production capacity by 2.9 megatonnes per annum (to around 5.0 megatonnes per annum) and brought the total number of Drax sites in Canada to 11, with nine pellet production facilities (seven in British Columbia and two in Alberta), and facilities at the deep water ports in Prince Rupert and Vancouver, both British Columbia, used to export pellets to key Asian markets.
Total direct, indirect and induced impact 2021:
10,400
Jobs supported
CA$1.1 bn
Contribution to GDP
CA$277 mn
Tax contribution
