UK renewable energy developer Banks Renewables is rebranding as OnPath Energy following the completion of its acquisition by Brookfield Asset Management (Brookfield).
The County Durham-headquartered firm was acquired by the Brookfield Global Transition Fund in a transaction 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. The new business will be led by the existing management team, and its headquarters will remain in North East England, with an additional office in Hamilton in South Lanarkshire.
