Yorkshire wind farms owner rebrands as OnPath Energy after Brookfield acquisition

A renewable energy company is poised for growth after gaining new owners.
Greg Wright
By Greg Wright
Published 16th Feb 2024, 10:36 BST

The owner of four onshore wind farms in Yorkshire is rebranding as OnPath Energy following the completion of its acquisition by Brookfield Asset Management.Banks Renewables was acquired by the Brookfield Global Transition Fund in a transaction that was completed in December. OnPath Energy has 11 operational onshore wind farms across Scotland and northern England.It owns the six-turbine Penny Hill Wind Farm near Sheffield, thefive-turbine Hook Moor scheme to the east of Leeds, the four-turbine Marr Wind Farm to the west of Doncaster and the three-turbine Hazlehead Wind Farm near Barnsley.

A spokesman said: “In Banks Renewables’ most recent financial year, the four Yorkshire sites generated just over 100,000 MWh of electricity between them, which is enough to meet the annual electricity needs of more than 32,300 homes, or a city roughly the size of Wakefield, and also delivered combined revenues of over £53,000 during the year for their respective community benefits funds.“The funds provide financial support for projects being undertaken by groups and good causes in the communities surrounding each wind farm, and will continue to operate as normal under the new owners.”

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“OnPath Energy is led by the existing management team, and aims to become the UK’s leading land-based renewable energy developer by building an enhanced portfolio of onshore wind, solar and energy storage projects.”

The owner of four onshore wind farms in Yorkshire has rebranded as OnPath Energy following the completion of its acquisition by Brookfield Asset Management. (Photo supplied by OnPath Energy)The owner of four onshore wind farms in Yorkshire has rebranded as OnPath Energy following the completion of its acquisition by Brookfield Asset Management. (Photo supplied by OnPath Energy)
The owner of four onshore wind farms in Yorkshire has rebranded as OnPath Energy following the completion of its acquisition by Brookfield Asset Management. (Photo supplied by OnPath Energy)

Richard Dunkley, managing director at OnPath Energy, said: “We will grow in terms of our diversity of projects and technologies,and also geographically, and will deliver a range of high-qualityprojects that will contribute to both the UK’s journey towards net zero and its essential domestic supplies of secure, affordable renewable energy.”

Related topics:Yorkshire

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