Company which owns South Cumbria windfarms to rebrand after takeover

The company which owns two onshore wind farms in South Cumbria and Heysham is rebranding after a company takeover.

OnPath Energy (formerly Banks Renewables) owns the six-turbine Armistead scheme, which sits to the east of the M6 between junctions 36 and 37 in South Cumbria, and the three-turbine Heysham South Wind Farm.

The two wind farms generated just over 47,000 MWh of electricity between them during the company's last financial year and also delivered combined revenues of over £25,000 for their respective community benefits funds, which provide financial support for projects being undertaken by local groups and good causes.

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.

Banks Renewables was acquired by the Brookfield Global Transition Fund in a transaction that was announced in October 2023 and completed in December 2023.

OnPath Energy has more than 4 GW of renewable capacity in its pipeline, including 11 operational onshore wind farms across Scotland and northern England, and is already established as one of the leading owner/operators in the UK onshore renewable energy sector.

It owns the six-turbine Armistead scheme, which sits to the east of the M6 between junctions 36 and 37 in south Cumbria, and the three-turbine Heysham South Wind Farm.

Richard Dunkley, managing director at OnPath Energy, said: “The OnPath Energy name captures the journey towards Net Zero that we’re taking together with our customers, business partners, landowners and local communities, and shows our ambition to make a substantial contribution towards creating a just transition to Net Zero that is fair and inclusive for everyone.

“Our success to date has been achieved through creating and maintaining long term and valued relationships with all our stakeholders and conducting ourselves with professionalism and integrity in all that we do.

‘’Our culture and approach to development was a key reason Brookfield acquired Banks Renewables, and this will continue to be at the core of OnPath Energy.’’