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Image Credit: OnPath Energy
OnPath Energy, a leading North East green energy developer, has pledged a £1 billion investment in renewable infrastructure over the next five years, reinforcing its commitment to the UK’s clean energy transition.
Previously known as Banks Renewables, OnPath Energy was acquired in 2023 by global asset manager Brookfield, a firm managing approximately $1 trillion in assets. Since the acquisition, OnPath has aggressively expanded its portfolio, amassing onshore wind, solar, and energy storage projects. The company currently operates 10 onshore wind farms across Scotland and northern England, with plans to launch new construction projects across the UK this year.
A Multi-Billion Pound Vision for Clean Energy
With its newly announced £1bn investment, OnPath Energy aims to accelerate the UK's renewable energy capacity, supporting the government’s net zero strategy while also creating hundreds of skilled jobs.
The company’s ambitious growth plans were highlighted during the official opening of its new Sunderland headquarters, Chase House, at Rainton Bridge Business Park. Secretary of State for Education Bridget Phillipson attended the event and met with executives to discuss OnPath’s role in advancing net zero goals and workforce development.
Over the past year, OnPath Energy has generated more than 30 new jobs, with further expansion expected in 2025 as the company scales its onshore wind and solar initiatives.
He further outlined the focus on community involvement, saying: "Alongside this, we are working to bring communities with us on the energy transition by creating industry-leading commitments on community benefits and community shared ownership. We will achieve this by developing people, giving them the skills required to underpin the sector's future success, and by operating in genuine partnership with stakeholders and the communities in which we're working; we describe this as the OnPath Together approach to development.
"OnPath has ambitious plans to make further long-term capital investment in this high-quality renewable energy infrastructure, amplifying the difference we can make to a net zero future for the UK that will help to lower consumer bills, improve the UK's energy security and deliver a just transition that is fair and inclusive for everyone."
"We're very grateful to the minister for taking the time to officially open our new headquarters and look forward to contributing to her government's drive towards the successful attainment of its environmental, energy and skills development goals."
Ms Phillipson said: "I'd like to welcome OnPath Energy to Houghton and Sunderland South, the opening of their new headquarters will be welcome news for local people. Clean power will unlock billions of pounds in investment and reindustrialise Britain with thousands of skilled jobs across the country. Through our Plan for Change, this Labour government will build an energy system that can bring down bills for households and businesses for good."
Sebastian Perl, senior vice president at Brookfield, said: "We were delighted to invest into OnPath Energy in 2023 and the outlook for onshore renewables in the UK has continued to improve since then. We will continue to support the company to invest in critical energy infrastructure as the UK aims to fully decarbonise its electricity grid."
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