Opus Energy

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Opus Energy Limited
Private
IndustryUtilities
Founded2002
HeadquartersDrax Power Station, England, UK
Key people
Jonathan Kini, (Chief Executive)
ProductsElectricity, Gas
Number of employees
860 (January 2017)
ParentDrax Group
WebsiteOpus Energy

Opus Energy Limited supplies gas and electricity to businesses across the United Kingdom. It purchases electricity from wind, solar, hydro, and anaerobic digestion generators, and provides support to develop energy-generating sites. It is headquartered in Northampton, United Kingdom with an additional office in Oxford.

History[edit]

The company was established in 2001 as Oxford Power Holdings Limited; it was renamed on 28 October 2010. On 6 December 2016 it was announced that Opus Energy had entered into a binding conditional agreement for the sale of the entire issues share capital to Drax Developments Limited, a member of the Drax Group.[1] The deal completed on 10 February 2017.[2]

Operations[edit]

Opus Energy sources its electricity from renewable sources.[3]

Opus Energy provides a power purchase agreement product whereby it offers to buy excess power from companies who create their own renewable energy.[4]

References[edit]

  1. ^ Reuters (2016-12-06). "Drax moves away from coal to bid on Opus Energy and gas plants". The Guardian. ISSN 0261-3077. Retrieved 2016-12-06.
  2. ^ "Preliminary results for the twelve months ended 31 December 2016" (PDF). Drax Group. 2017-02-16. Retrieved 2017-07-03. The Opus acquisition was a major transaction and was subject to shareholder approval. The acquisition was approved by shareholders on 8 February 2017 and completed on the 10 February 2017.
  3. ^ "Our energy sources". Opus Energy. Retrieved 26 April 2019.
  4. ^ "Research suggests SMEs favouring on site renewable energy". Retrieved 17 April 2012.