Durham County Council Pension Fund's £30m investment to benefit OnPath Energy

The council fund has put more money into a 'Climate Opportunities proposition' that invests in decarbonisation and net zero projects.

Members of OnPath Energy's senior team, including (front left) chief financial officer Simon Fisher and CEO Richard Dunkley (Image: #OnPath Energy)

A multimillion-pound investment from Durham County Council Pension Fund into a local government pension pool is set to benefit North East onshore wind developer OnPath Energy.

Managers of Leeds-based Border to Coast Pensions Partnership - the UK's local government pension scheme pool - say a fresh £30m commitment from Durham is supporting OnPath. The money is invested via Series 2 of the pool's 'Climate Opportunities proposition', which aims to make investments that have a material positive impact on decarbonisation and net zero goals.

Durham has invested £100m in the first two series of the £2.6bn Climate Opportunities strategy, which has invested into Brookfield Green Transition Fund II. The fund is owned by OnPath's parent company Brookfield Corporation, which acquired the business in a near £500m deal last year.

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