The owner of a South Cumbrian wind farm is rebranding following the completion of its acquisition.
Banks Renewable, which operates the six-turbine Armistead farm between junctions 36 and 37 of the M6, will rebrand as OnPath Energy following its acquisition by
Brookfield Asset Management.
Banks Renewables was acquired by the Brookfield Global Transition Fund in a transaction that was announced in October and completed in December.
OnPath Energy has more than 4 GW of renewable capacity in its pipeline, including 11 operational onshore wind farms across Scotland and northern England, including the three-turbine Heysham South Wind Farm, which is located to the south east of the Lancashire town.
In Banks Renewables’ most recent financial year, Armistead and Heysham South generated over 47,000 MWh of electricity between them, enough to meet the annual electricity needs of more than 15,200 homes or a town roughly the size of Lancaster, and also delivered combined revenues of over £25,000 for their respective community benefits funds.
The funds provide financial support for projects being undertaken by groups and good causes in the communities surrounding each wind farm, and will continue to operate as normal under the new owners.
