OnPath Energy has added two operational wind farms to its portfolio, acquiring the Milton Keynes wind farm in Buckinghamshire and the Pates Hill wind farm in West Lothian, Scotland, from GCP Infrastructure Investments. Both wind farms have been operational since 2010, featuring a combined installed capacity of 28 MW with seven Vestas V-90 2.0MW turbines.
This acquisition marks OnPath Energy's first since its purchase by Brookfield Asset Management in December 2023, through the Brookfield Global Transition Fund 2. The company now owns and operates 12 wind farms across England and Scotland.
OnPath has committed to maintaining the community benefits packages associated with both wind farms and is exploring opportunities to increase local involvement in the surrounding areas. Richard Dunkley, CEO of OnPath Energy, stated, “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.”
GCP Infrastructure Investments, which had owned the two wind farms since 2017, saw the assets generate significant returns for shareholders and contribute to the UK's renewable energy efforts. Philip Kent, CEO at Gravis Capital Management, the investment adviser to GCP, commented, “Since, these assets have provided attractive returns for GCP's shareholders, generated a significant amount of renewable energy to support UK decarbonisation, and have contributed positively to the local area.”
The acquisition strengthens OnPath Energy's position in the UK wind sector, as the company continues to focus on expanding its renewable energy footprint.
