OnPath Energy enters acquisition option agreement for three onshore wind projects in Scotland
Type: Acquisition · Technology: Onshore Wind · Country: United Kingdom · Capacity: 121 MW · Announced: 2026-05-19
OnPath Energy, a subsidiary of Brookfield Asset Management, has signed an acquisition option agreement with Wilson Forest Products for three onshore wind projects in South Lanarkshire, Scotland. The agreement covers the Bankend Rig II, Bankend Rig III, and Hawkwood Wind Farm projects, which collectively feature 18 turbines with a combined capacity of 121 MW. This capacity is sufficient to power approximately 150,000 homes annually. OnPath Energy has the right to acquire a majority stake in these projects, contingent on achieving specific project milestones and conditions. Planning consent for Bankend Rig II and Bankend Rig III was secured in 2025, and the Hawkwood Wind Farm proposal has also been approved by South Lanarkshire Council, pending finalization of legal agreements.
Counterparties
- OnPath Energy (Buyer)
- Brookfield Asset Management (Parent Company)
- Wilson Forest Products (Seller)