OnPath Energy reports £22.7m operating profit as investment in growth strategy continues

Leading UK renewables developer OnPath Energy is continuing to invest in its business growth strategy after reporting a healthy profit in its latest annual results.

The Sunderland-headquartered firm recorded a turnover of £73.4m and an operating profit of £22.7m for the 12 months to the end of 2025, compared to a turnover of £95.7m and operating profit of £69.4m during the 15 months to the end of September 2024.

OnPath is on track to achieve its ambition of investing more than £1 billion in clean energy projects over the next five year as it works towards becoming the UK’s leading onshore renewables developer.

Having successfully built 14 onshore wind farms across the UK, the company is growing its development pipeline and expects to bring forward several new project proposals in England in the coming months, while it is currently exploring a range of potential new development locations across England, Scotland and Wales.

As part of this growth strategy, OnPath is continuing to actively manage and expand its portfolio. It acquired the Milton Keynes Wind Farm in Buckinghamshire and Pates Hill Wind Farm in West Lothian at the beginning of 2025 and has since entered into an option agreement, subject to certain project milestones and conditions, to acquire a majority stake in three onshore wind farms under development in South Lanarkshire.

Earlier this year, the company completed the sale of seven English onshore wind farms to The ERG Group, releasing capital to support the development of new onshore wind farms across the UK.

OnPath’s Lethans Extension Wind Farm in East Ayrshire was also awarded a Contract for Difference (CfD) in the UK government’s latest allocation round.

Alongside its growing project portfolio, OnPath is expanding its footprint across the U.K. Following investment in larger offices for its Scottish team last year, the company recently opened a new Cambridge office as part of its plans to grow its operational presence across the south of England.

Simon Fisher, chief financial officer at OnPath Energy, says: “Onshore wind energy is playing an increasingly important role in the UK’s long-term energy security strategy while also delivering significant supply chain investment, UK jobs, improving energy affordability and social benefits for local communities, local supply chain businesses and the wider economy.

“Wind yields in 2025 were below average, but we have still delivered solid commercial returns while continuing the evolution of the business towards a primary focus on developing and building new onshore wind farms across the UK.

“In the coming months, we will add another 73MW capacity to our operating portfolio with the energisation of Mill Rig Wind Farm in South Lanarkshire and the Barnsdale Solar Park in West Yorkshire, with the commissioning of the Common Farm Solar Park in South Yorkshire then set to follow.”

Simon Fisher, CFO at OnPath Energy.

“Acquisitions and divestments continue to be a critical part of our growth strategy, with capital reinvestment helping us to grow our pipeline as we bring forward new projects, which in turn creates jobs and supply chain opportunities for UK businesses, improves energy affordability for UK consumers while also accelerating our contribution to a fair and inclusive just transition.”

As part of its OnPath Together approach, the company commits to delivering local economic benefit by investing £1 million per megawatt of generating capacity in the areas around its new onshore wind farms and sets a target of 65% lifetime spend on a wind farm being within the local supply chain.

The business also awarded a total of more than £1.2m in grants from the community funds linked to each of its onshore wind farms, which provide financial support for projects being undertaken by groups and good causes in their surrounding areas.