OnPath Energy has unveiled plans to invest approximately one billion pounds in clean energy projects across the United Kingdom over the next five years, furthering the company's commitment to supporting the country's transition to net zero.
Richard Dunkley, CEO of OnPath Energy, emphasized the company's dedication to contributing to the UK's climate goals. “The new government has been very firm in its commitment to accelerating the transition to net zero,” he said. “We will be contributing towards reaching this destination by aiming to invest around one billion pounds in building more of the renewables infrastructure the UK needs over the next five years, a plan which will in turn create and support hundreds of skilled, sustainable green jobs across the UK, including within the North East.
The announcement coincides with the official opening of OnPath Energy's new headquarters in Sunderland, located in Chase House. Bridget Phillipson, Secretary of State for Education, attended the ribbon-cutting ceremony and underscored the importance of clean energy for economic growth. “Clean power will unlock billions of pounds in investment and reindustrialise Britain with thousands of skilled jobs across the country,” she remarked.
OnPath Energy, which also has offices in Hamilton, South Lanarkshire, and a presence in London, was acquired by Brookfield Asset Management in 2023. The company currently owns and operates ten onshore wind farms across Scotland and northern England. Dunkley highlighted the company's future ambitions, stating, “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.
The company plans to progress several renewable energy projects throughout the UK in the coming year.
