OnPath powers ahead with wind farm deals
A Sunderland-based renewable energy developer has strengthened its UK wind portfolio with the acquisition of two operational onshore wind farms.
OnPath Energy has bought Milton Keynes Wind Farm in Buckinghamshire and Pates Hill Wind Farm in West Lothian from GCP Infrastructure Investments Ltd, with officials saying the deal “underscores” OnPath’s strategic growth ambitions while delivering a “positive outcome for all concerned,” including local communities, whose benefit packages will be fully maintained.
The sites, operational since 2010, have a combined capacity of 28MW - enough to power 23,000 homes annually.
Philip Kent, chief executive officer at Gravis Capital Management, the investment adviser to GCP Infrastructure Investments Ltd, said: “We are pleased to be selling the wind farms to OnPath Energy, who we are sure will be excellent stewards of the assets and will continue to create benefits for all relevant stakeholders.”
The deal marks OnPath’s first acquisition since being acquired by Brookfield Asset Management in 2023.
Now operating 12 onshore wind farms across Scotland and England, the company is progressing multiple renewable projects, including Mill Rig Wind Farm in South Lanarkshire, Barnsdale Solar Farm near Leeds and a co-located solar and battery scheme at Common Farm in South Yorkshire.
Richard Dunkley, chief executive at OnPath Energy, said: “As we continue to develop our own renewable generation projects from first principles, we will also be looking to identify other opportunities at every stage of the lifecycle, from pre-construction right through to operational wind farms and project repowering.
“The Milton Keynes and Pates Hill Wind Farms represented a strong fit with our development framework and their acquisition provides a positive outcome for all concerned, including the local communities that will continue to benefit directly from the revenues that these wind farms generate.”
Shaun Chande, mergers and acquisitions director at OnPath Energy, added: “This transaction underscores the effectiveness of our plan to accelerate growth through strategic acquisitions, leveraging our deep onshore wind expertise, our robust balance sheet and strong financing capabilities to drive the platform’s continued expansion.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.