Who Owns OnPath Energy?

• Parent Company: Brookfield Renewable Partners
• Ownership Type: Subsidiary
• Acquisition Year: 2023
• Company Type: Publicly Traded
• Stock Ticker: NYSE, TSX: BEP, BEPC

• Founded: 2023
• Founders: Brookfield Global Transition Fund (acquired Banks Renewables)
• Acquired by Brookfield Renewable Partners: 2023

• Founded: 2011
• Headquarters: Toronto, Ontario, Canada
• Company Type: Publicly Traded
• Stock: NYSE, TSX: BEP, BEPC
• Revenue: approximately $1.3 billion (FY2024)
• Employees: Approximately 5,000

Visit Brookfield Renewable Partners website

• Headquarters: Houghton-Le-Spring, England, United Kingdom
• Manufacturing / Operations: United Kingdom

OnPath Energy operates at the forefront of the UK's renewable energy transition, with sustainability and ethical practices embedded in every aspect of its business operations. As a leading developer of onshore wind, solar, and energy storage projects, the company demonstrates its commitment to environmental stewardship through innovative community engagement and sustainable development practices.

Renewable Energy Leadership: OnPath Energy's core business directly contributes to climate change mitigation by developing clean energy infrastructure. The company's portfolio of over 3GW in renewable energy generation and storage projects helps reduce the UK's dependence on fossil fuels and supports the country's goal of transitioning to 100% renewable energy. OnPath projects have produced over 4,000,000 MWh of electricity, enough to power 1.4 million homes annually.

Community Benefits Program: OnPath Energy has established the OnPath Together initiative, which ensures communities share in the benefits of renewable energy development. The company offers a minimum of £5,000 per MW per year in community benefits payments on all sites, providing substantial financial support for local community projects and initiatives.

Shared Community Ownership: In a pioneering approach to renewable energy development, OnPath Energy offers 1% free equity in every new onshore wind site to local communities, with opportunities to purchase additional shares at market rates. This shared ownership model ensures local residents have a direct financial stake in renewable energy projects and benefit from their success.

Environmental Stewardship: Beyond generating clean electricity, OnPath Energy implements comprehensive environmental protection measures during project development and operation. This includes careful ecological assessments, habitat protection programs, and biodiversity enhancement initiatives around wind and solar installations.

Ethical Landowner Partnerships: The company maintains fair and transparent relationships with landowners, offering competitive lease rates and long-term partnership arrangements. OnPath Energy works closely with farmers and landowners to ensure renewable energy projects complement existing agricultural activities and provide stable additional income streams.

Local Economic Development: OnPath Energy prioritizes local employment and supply chain engagement, creating jobs in rural communities and supporting local businesses during construction and operation phases. The company's projects contribute to regional economic development while advancing the UK's energy transition.

OnPath Energy has received recognition for its innovative approach to community engagement and its leadership in the UK's renewable energy sector.

Community Engagement Innovation: The OnPath Together shared ownership model has been recognized within the renewable energy industry as an innovative approach to ensuring local communities benefit directly from renewable energy development. This model has been highlighted as best practice for community engagement in the sector.

Renewable Energy Leadership: OnPath Energy has been acknowledged as one of the UK's leading onshore renewable energy developers, with recognition for its substantial pipeline of over 3GW and its track record of successfully developing and operating wind, solar, and storage projects.

Industry Partnerships: The company's collaborative approach with local communities, landowners, and stakeholders has earned recognition from renewable energy organizations for building strong relationships and successful project delivery.

Brookfield Renewable Recognition: As part of Brookfield Renewable Partners' portfolio, OnPath Energy benefits from the parent company's global recognition for renewable energy excellence and sustainable business practices.

OnPath Energy maintains a strong operational record with no major safety incidents, environmental violations, or significant controversies that have substantially impacted the company's reputation or operations in the renewable energy sector.

Environmental Compliance: The company maintains compliance with all UK environmental regulations and planning requirements for renewable energy development. OnPath Energy has not faced significant environmental enforcement actions or regulatory violations related to its wind, solar, or storage projects.

Planning and Permitting: While renewable energy projects often face local opposition and planning challenges, OnPath Energy has successfully navigated the UK planning system to secure permissions for 550MW of renewable energy generation and storage projects. The company has not experienced major planning refusals or regulatory setbacks.

Community Relations: OnPath Energy has maintained positive relationships with local communities through its OnPath Together initiative and transparent engagement practices. The company has not faced significant community opposition or disputes that have impacted project development.

Health and Safety: The company maintains strong health and safety standards across all construction and operational activities. OnPath Energy has not experienced major workplace accidents or safety incidents at its renewable energy facilities.

Financial Management: As part of Brookfield Renewable Partners, OnPath Energy operates with sound financial management practices and has not faced significant financial controversies or regulatory enforcement actions.