UK renewable energy developer OnPath Energy has unveiled the location of its new headquarters in County Durham.
The company, which was formerly Banks Renewables and was acquired by the Brookfield Global Transition Fund last year, will move into Chase House on Rainton Bridge Business Park later this year.
The two-storey building provides more than 13,200 sq ft of office space and includes a range of environmental measures - earning it an Energy Performance Rating of A.
Patrick Matheson, partner at the Newcastle office of Knight Frank, acted as agent for the deal on behalf of Rainton Bridge Business Park owners Praxis LLP.
OnPath Energy has a second office in Hamilton in South Lanarkshire, and has more than 4 GW of renewable capacity in its pipeline, including 11 operational onshore wind farms across Scotland and northern England.
Lynne Wilson, head of administration and facilities at OnPath Energy, said: "Chase House offers everything we were looking for in terms of modern office accommodation, excellent transport links and lots of accessible green space on our doorstep.
"Environmentally-conscious design is at the centre of our specifications for Chase House, to ensure that we're reflecting the priorities of the business in the ways that we work every day."
Richard Dunkley, chief executive at OnPath Energy, added: "The OnPath Energy name captures the journey towards Net Zero that we're taking together with our customers, business partners, landowners and local communities. Moving into Chase House will be the next step on our journey."
Patrick Matheson, partner at Knight Frank LLP, said: "The significant investment that our client Praxis has made in refurbishing Chase House aligned the building perfectly with OnPath's requirements, particularly from a sustainability point of view, which is now a key consideration for all office occupiers."
