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Britain's OVO Energy to launch new renewables arm to modernise wind farms
Published by Global Banking & Finance Review®
Posted on July 17, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 17, 2025
1 min readLast updated: January 22, 2026
OVO Energy plans to modernise ageing wind farms with a new renewables arm, aiming to boost capacity and lifespan.
LONDON (Reuters) -British energy supplier OVO Energy said on Thursday it plans to launch a new renewable energy arm to help modernise existing ageing onshore wind farms to prolong their lifespan and boost output.
OVO Renewables will have an initial investment of hundreds of millions of pounds and the first phase of modernisation could delver up to 500 megawatts of capacity, enough to power about 400,000 British homes, OVO said in a statement.
Britain built some of the world's first onshore wind farms in the 1990s but many are ageing. New wind farms are often not accepted by local communities and also face planning consent delays.
OVO Energy is one of the largest energy suppliers in Britain and supplies gas and electricity to about 4.5 million customers.
(Reporting by Nina Chestney; Editing by Clarence Fernandez)
OVO Energy plans to launch a new renewable energy arm to modernise existing ageing onshore wind farms.
OVO Renewables will have an initial investment of hundreds of millions of pounds.
The first phase of modernisation could deliver up to 500 megawatts of capacity, enough to power about 400,000 British homes.
New wind farms face challenges such as lack of acceptance from local communities and planning consent delays.
OVO Energy is one of the largest energy suppliers in Britain, supplying gas and electricity to about 4.5 million customers.
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