OnPath boosts UK renewables investment after strong profit announcement today
- OnPath Energy plans to step up investment in wind, solar, and storage across Great Britain after posting GBP 69.4m operating profit for 15 months.
OnPath Energy is putting more capital to work in Britain’s clean-power buildout. After reporting GBP 69.4 million in operating profit for the 15 months to end-2024, the developer says it will accelerate investment across a pipeline spanning utility-scale wind, solar, and battery storage. The strategy leans into the system’s central challenge: turning abundant midday and windy-night megawatts into dependable capacity at the hours people actually need power.
Profits of this size aren’t just a headline; they’re a financing tool. With a stronger balance sheet, OnPath can secure EPC slots earlier, reserve scarce transformers and switchgear, and hold standardized equipment across multiple sites—moves that compress delivery times and tame cost volatility. The company’s model pairs development with selective ownership, recycling capital through partial sell-downs once projects are operational.
On solar, the focus is grid-friendly designs: bifacial modules on single-axis trackers, DC/AC ratios tuned for annual yield rather than headline peaks, and plant-level controls delivering reactive power and fast curtailment response. For storage, multi-hour batteries sited near substations can arbitrage prices, provide rapid response services, and lower curtailment on sunny or gusty days. Where planning allows, co-location shares interconnection and reduces round-trip losses versus standalone sites.
Community and environmental design are increasingly core to planning consents. OnPath’s projects will be expected to include biodiversity enhancements, targeted traffic management during construction, and visual-impact mitigation—now standard conditions across many UK councils. Clear benefits for host communities—local jobs, business-rates income, and education partnerships—help maintain social licence as the buildout scales.
The near-term to-do list is familiar: advance grid connection agreements, discharge planning conditions, and line up offtake—corporate PPAs where possible, merchant exposure hedged with capacity or ancillary revenues where needed. If execution matches intent, OnPath’s profit-fueled investment push should translate into real megawatts on the system—more clean energy when the sun shines and the wind blows, and, crucially, more flexible capacity when it doesn’t.
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