From periphery to parity - welcome to a new breed of development and investment. 

About Us

PACE was established in 2017 as a global developer and investor in clean energy and brings together over 35 years of experience from across the technical and financial supply chain.

Our global team can bring talent and expertise to any market or project - keeping down project specific costs and providing cost effective and efficient route for capital to the benefit of the project, the capital and each local energy market.

Executive Team

Commercial and Finance

Development Team

Investors

If you are an international high-energy user requiring a clean energy solution, investment house or significant family-office investor looking to enter the clean energy market you should talk to us.

We bring global knowledge, supply chain and over 1GW of clean energy experience to each market or project.

As clean energy becomes the dominant international power source we work to de-risk and standardise the projects to bring lower cost capital or to make your investments secure and bankable.

Announcements

• February 2021 Pathfinder Clean Energy in Poland to develop initial 100MWp pipeline of solar Read More
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Pathfinder Clean Energy in Poland to develop initial 100MWp pipeline of solar

Introduction


Pathfinder Clean Energy (PACE) has established PACE Poland - its solar farm development and project acquisition business in the country to support Poland’s clean energy transition.

The company has completed detailed market and technical analysis in Poland over the last 18 months and has identified and advancing its first 100MWp of early stage solar projects. The PACE Poland office will be located in Torun, north of Warsaw, from where PACE will co-ordinate its development and acquisition of projects across the country.

The move by PACE coincides with the Polish Government’s publication of its Energy Policy to 2040, which will see a reduction in coal generation (72% generation market share to 56% by 2030) and an increase in renewables - offshore wind, onshore wind and solar. PV solar capacity is targeted to increase from 3.6GW to 5-7GW by 2030, with 20GW of PV solar installed by 2040. Last year, PV solar capacity tripled, so some commentators consider the 2030 target to be a conservative one.

Poland will be the fourth market PACE has established an office since its formation in 2017 and adds to its existing over-1GW development pipeline - with the first 67 MWp of UK projects due to enter operation this year (2021).

PACE Poland’s initial portfolio of 100 MWp of solar is across the north of Poland, connecting to the high voltage grid lines with the Enea and Energa Grid Operators. Subject to planning and financing, PACE’s first phase of projects should be able to achieve connection from 2022.

Alex Ross, Development Director of PACE, said: ‘‘Over the last 18 months, we have worked to digitise the constraints in the country to enable our team to evaluate opportunities quickly and identify the first 100MW of potential projects that is our core minimum threshold for any new market. This hurdle has now been reached.”

““Poland’s development process does have its challenges with certain grid confirmations coming later in the process but given the Government’s policy commitment to renewables and its 2030 targets, this is the right time for PACE to bring its expertise for the long term’.

Rob Denman, Managing Director of PACE said: ‘We consider Poland as a core market for growth as the country reduces its reliance on coal generation and renewables becomes increasingly competitive. Required power generation in Poland is estimated at 244 TWh in 2050 to keep up with the expected consumption growth, driven by industry, households and transportation demand. This trend coupled with lower supply from conventional sources due to expected hard coal / lignite decommissioning is expected to create space for new clean energy capacity. This market also benefits from EU policy and Polish regulatory framework support.”

“PACE’s development and acquisition team is highly tech-led through its market-leading inhouse software to enable us to identify and manage risks on multiple projects and across our multiple markets and we are delighted to expand our interests into this exciting market.”.

About Pathfinder Clean Energy (PACE) – http://pathfinderce.com/


Paul Taylor, Taylor Keogh Communications: +44 (0)20 8392 8250 / paul@taylorkeogh.com

Ben Chippendale, Pathfinder Clean Energy: +44 (0)20 7127 4542 / ben.chippendale@pathfinderce.com / press@pathfinderce.com

Pathfinder Clean Energy (PACE)- established in 2017 - is an international clean energy developer and investor currently operating in Spain, Canada and the UK and with ongoing business development in other growth markets. PACE’s team brings over 40 years and 1GW of experience from across the asset cycle - from development to financing, construction and operation. The company uses the latest cloud-based proprietary technology to collaborate across global markets and projects to enable its projects to deliver competitive power prices under PPAs or bids into government auctions. PACE’s understanding and management of the complete life cycle of a project provides security to low cost capital to provide a route to deploying at scale and across multiple international clean energy markets.

www.pacepoland.com

About the Polish market


Poland has achieved stable growth in electricity consumption of 33% since 1990. After recovery from the COVID-19 crisis, Aurora projects a 49% increase in power demand from 2022 until 2050. Since 2016 there has been a stable support framework via an auction system for CfD which was successfully implemented and is to be continued until 2026. There is also increasing interest in corporate Power Purchase Agreements.

As part of its EU membership, Poland is obliged to meet targets for share of renewable energy in consumption set by the Union at 25% by 2030. The European Commission's new budget grants Poland EUR 50bn for the energy sector transition towards climate sustainability. Poland will receive EUR 125 bn of grants from the EU budget and the recovery fund in total.

For renewable technologies (RES) in Poland, their profitability is strongly enhanced by the increase in the market electricity prices, driven by rises in CO2, high domestic coal costs and decreasing project capex. The expected market price increase is driven by still significant coal based generation, increase of expensive gas fuelled installations replacing part of the coal capacity and the increase of energy consumption. As a result, electricity prices in Poland are higher than in most West and Northern European countries.

Development of RES is a key strategic direction of the Polish Energy Policy 2040 (PEP 2040) and National Plan for Energy and Climate, with solar PV generated electricity instrumental in securing the summer peak demand. As part of the announced Energy Policy of Poland, it is anticipated that an additional 20GW of solar PV will be installed over the next 20 years.

• February 2021 .Pathfinder Clean Energy obtains planning permission for 21MW solar park in Norfolk, UK Read More
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Pathfinder Clean Energy obtains planning permission for 21MW solar park in Norfolk, UK

Introduction


Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects has achieved planning on a 21MWp solar park in Norfolk.

The project will provide enough power for the equivalent of 6,800 UK households and will reduce CO2 emissions by 4,900 tonnes annually. The project will have the ability to co-locate energy storage and maybe constructed either with tracker technology or more traditional fixed tilt.

The PACE project, known as Three Bridges, is located seven miles north-east of Dereham and construction will soon commence for completion by the summer (2021).

PACE currently has a development pipeline of over 1GW of solar projects in the UK, Canada and Spain, and has recently started work in Poland.

PACE was co-founded by Rob Denman and Alex Ross in 2017. The company has since grown to a senior executive team of four people - all with extensive experience in the clean energy/renewables sector, both in the UK and overseas - and a wider international development team. Its development office is in Bristol.

Alex Ross, Director of PACE Developments in the UK said: ‘PACE is delighted to achieve planning on the Three Bridges project, despite the challenges of lockdown. It’s our lead project in our initial 300MW UK pipeline that we intend to construct before the end of 2022.”

Rob Denman, Managing Director of PACE, said: ‘This is a great milestone for PACE and we look forward to moving into construction on this project. This is the first of the three projects making up our lead UK portfolio totalling 67MWp that should enter construction in mid-2021. As our activities and developments in Canada, Spain and Poland also advance then our team looks forward to bringing our experience and capital to these and further markets through the year ’.

About Pathfinder Clean Energy (PACE)


Pathfinder Clean Energy (PACE) is an international clean energy developer and investor established in 2017 and currently operating in Spain, Canada and the UK and with ongoing business development in other growth markets.

PACE’s team brings over 40 years and 1GW of experience from across the asset cycle - from development to financing, construction and operation.

PACE uses the latest cloud-based proprietary technology to collaborate across global markets and projects to enable its projects to deliver competitive power prices under PPAs or bids into government auctions.

PACE’s understanding and management of the complete life cycle of a project provides a route to deploying capital at scale and across multiple international clean energy markets..

www.pathfinderce.com

For communications related to this announcement:


Paul Taylor, Taylor Keogh Communications - +44 (0)20 8392 8250 / paul@taylorkeogh.com

For general enquiries about Pathfinder Clean Energy::

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

• January 2021 PACE UK enters the utility scale stand-alone battery market with development of 69MW/138MWh project. Read More
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PACE UK enters the utility scale stand-alone battery market with development of 69MW/138MWh project.

Introduction


Pathfinder Clean Energy (PACE), a UK-headquartered international developer, has announced its intention to scale up a pipeline of utility scale Energy Storage projects in the UK

The cornerstone project will be an initial 69MW/138MWh project to connect at 132kV to the UKPN network.

The project will take advantage of changes to the planning rules to enable the project to proceed under local planning rules and anticipate planning submission in Q2 2021 and connection in Q1 2022.

PACE expects this to be the first of a pipeline of up to 250+MW of stand alone energy storage it is looking to develop in the UK.

This is in addition to the initial 300+MWs of utility scale co-located solar and storage projects in the UK PACE is developing. PACE has a pipeline of over 1GW in evaluation across the UK and its international markets.

Alex Ross, Director of PACE Developments in the UK said, ‘Thanks to the changes to the planning policy PACE has been able to advance this project at this scale. This means we can be providing additional flexibility to National Grid sooner and provide more resilience to enable the connection of additional clean energy across the network’.

Rob Denman, Managing Director of PACE, said, ‘ We are constantly evaluating ways we can provide energy solutions to the grid and this project is the first of a targeted 250MW of stand alone storage in the UK. Our stand-alone storage projects will be developed in parallel to our utility scale solar and solar+storage projects in the UK and internationally - combining the best use of both technologies and enabling PACE to achieve financing at the required return levels’.

For communications related to this announcement:


Paul Taylor, Taylor Keogh Communications - +44 (0)20 8392 8250 / paul@taylorkeogh.com

For general enquiries about Pathfinder Clean Energy::

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

• December 2020 PACE Technical launched to provide technical services to third-party developers, investors and across the international clean energy sector. Read More
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PACE Technical launched to provide technical services to third-party developers, investors and across the international clean energy sector

Introduction


Pathfinder Clean Energy has announced that its internal technical support team will now supply services to third party developers, investors through its new brand PACE Technical

PACE Technical is led by Aitor Larrucea who has had [xxx years experience] will provide services to the growing market of investors and stakeholders who are looking to understand and enter the complicated clean energy sector. PACE Technical will continue to provide services to the PACE international project portfolio.

Aitor Larrucea, Technical Director of PACE said ’PACE Technical provides market leading services to PACE and following increasing requests for support from our wider network we have launched PACE Technical so we can provide the benefit of our high level of expertise and experience to a wider market. We can operate this across the world and are not limited to the markets that PACE currently operate (UK, Spain, Canada, Poland).

Rob Denman, Managing Director of PACE, said, ‘PACE Technical is a natural extension of our team’s services to support the wider clean energy market. Over the 4 years since we launched PACE the clean energy market has continued to grow and as new entrants and established players continue to request our support we have launched the PACE Technical brand to enable us to scale up this offering’

Denman added, ‘PACE Technical enables us to optimise our own projects, market developments and make sure our developments and investment process benefits from the latest knowledge on any technical market developments. This is now available to carefully selected partners’.

About PACE Technical - inhouse and third party technical support


PACE Technical - led by experienced renewable energies engineer Aitor Larrucea - provides in-house technical and engineering support to PACE’s international projects and also provides services to third-party developers, investors and EPCs.

PACE Technical has extensive experience in executive and detailed engineering design, contract analysis, technical advisory services, construction management services and operational procedure advice. As well as standard utility scale and self-consumption solar and energy storage projects, the more innovative work includes a utility scale multi-use mini-grid development for PACE and also co-operation with a third party developer on a multi-technology island project combining solar, energy storage, desalination and agriculture. PACE Technical can provide services including engineering services, construction agreements negotiation, construction and quality monitoring, commissioning analysis and O&M procedures.

For communications related to this announcement:


Paul Taylor, Taylor Keogh Communications - +44 (0)20 8392 8250 / paul@taylorkeogh.com

For general enquiries about Pathfinder Clean Energy::

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

• October 2020 Pathfinder Clean Energy to submit its largest UK project into planning: 23MWp solar farm in Norfolk. Read More
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Pathfinder Clean Energy to submit its largest UK project into planning: 25MWp solar farm in Norfolk

Introduction


Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects, has completed the community consultation and will shortly submit a planning application for a 25MWp solar farm, its largest UK subsidy-free solar project to date. The proposed ground-mounted scheme is located near Attleborough, 15 miles south-west of Norwich.

The planning submission for Attleborough closely follows applications made by PACE for two other solar projects in Norfolk (at Three Bridges and Burgate (40MWp total), announced 12th October). Subject to planning and financing, Attleborough and the two other projects (totalling 63MWp) are earmarked to enter operation during the second half of next year (2021).

Each of the three projects have the ability to co-locate battery storage.

Alex Ross, Director of PACE Developments in the UK said: ‘Our project pipeline for utility-scale solar in the UK is growing, and where the economics stand-up we will co-locate battery storage. Our three Norfolk projects underline the PACE team’s capabilities in site identification and project design, utilizing the very latest advances in technology.”

“The projects give us a strong platform to grow our UK capacity to 300MW over the next three years, and will complement our current operations and portfolio in Spain and Canada, and in due course Poland.”

Last month, PACE published details of a proposed 47MW solar farm project in Alberta, Canada. This is also scheduled to enter construction during 2021, subject to planning and financing.

Evaluating the advances in solar technologies and design is a key focus of PACE’s technical department in the UK and overseas.

Aitor Larrucea, Technical Director of PACE, said: “PACE is continuously analysing the latest technologies and advances in the solar and cleaqn energy sector. Our target is to exponentially increase the revenues of our projects and continue to innovate as advances are made.”

One example of PACE’s technical approach is the application of bifacial technology for their projects. PACE’s own calculations, drawing from studies by the National Renewable Energy Laboratory, point towards a 9% uplift in electricity production compared to traditional PV technologies.

PACE is also studying the implications of providing flexibility to its electricity generation profile through the storage technology.

Aitor Larrucea added: “In line with International Renewable Energy Agency (IRENA) considerations, we consider energy storage technology directly integrated and communicating with the solar generation asset to be a fundamental part of the future clean energy market.”

Pathfinder Clean Energy (PACE) is an international clean energy developer and investor established in 2017 and currently operating in Spain, Canada and the UK and with ongoing business development in other growth markets.

PACE’s team brings over 40 years and 1GW of experience from across the asset cycle - from development to financing, construction and operation.

PACE uses the latest cloud-based proprietary technology to collaborate across global markets and projects to enable its projects to deliver competitive power prices under PPAs or bids into government auctions.

PACE currently has a development pipeline of over 1GW of solar projects across its international markets. The company also has solar projects at an advanced stage of development in Canada and Spain, and is soon to start development operations in Poland.

PACE’s understanding and management of the complete life cycle of a project provides a route to deploying capital at scale and across multiple international clean energy markets.

For communications related to this announcement:


Paul Taylor, Taylor Keogh Communications - +44 (0)20 8392 8250 / paul@taylorkeogh.com

For general enquiries about Pathfinder Clean Energy::

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

• October 2020 PACE Canada completes open-house for Joffre Solar park. Read More
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PACE Canada completes open-house for Joffre Solar park

The CAD$52-million solar power project is proposed for a site near the Joffre petrochemical complex in Lacombe County. Development work on the 47-megawatt facility began in 2018 and an application is expected to go to the Alberta Utilities Commission early 2021 with connection before the end of the year.

The project would be built in two phases — 22 megawatts in the first phase and 25 megawatts in the second.

Power generated would go into the provincial electrical grid and reduce carbon dioxide emissions by 47,000 tonnes per year and 1.4 million tonnes over the expected 25-year life of the project.

It is located next to the Nova Chemical petrochemical complex, no formal partnerships have been formed to date.

A number of environmental studies, including breeding bird, raptor nest and fall migration surveys, have been undertaken, along with watercourse and wetland mapping.

Pace Canada LP is also developing a 13-megawatt project in the Hanna area, a nine-megawatt project near Caroline and a six-megawatt project at Youngstown.

All MW references are MW AC.

PACE Canada received coverage in the following local media:

Red Deer Advocate
RDNewsNow

• August 2020 Pathfinder Clean Energy submits its first UK solar projects into planning Read More
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Pathfinder Clean Energy submits its first UK solar projects into planning - two 20MWp solar projects in Norfolk

Introduction
Pathfinder Clean Energy (PACE), a UK-headquartered international developer of utility scale solar and battery storage projects has submitted its first UK subsidy-free solar projects into planning.

Two separate planning applications for ground-mounted solar farms, totalling 40MW have been submitted to local councils in Norfolk. The projects will provide enough power for over 12,500 households and would reduce CO2 emissions by 10,000 tonnes annually. These projects will have the ability to co-locate energy storage.

The two projects are located on agricultural land - one (known as Three Bridges) is seven miles north-east of Dereham, and the second (known as Burgate) is situated eight miles north of Norwich. Subject to planning and financing, the two projects are earmarked to enter operation during the middle of next year (2021).

PACE currently has a development pipeline of over 1GW of solar projects in the UK and overseas. The company also has solar projects at an advanced stage of development in Canada and Spain, and is soon to start operations in Poland.

PACE was co-founded by Rob Denman and Alex Ross in 2017. The company has since grown to a senior executive team of four people - all with extensive experience in the clean energy/renewables sector, both in the UK and overseas - and a wider international development team and partners located in our development office in Bristol and internationally.

Alex Ross, Director of PACE Developments in the UK said: ‘PACE has developed bespoke grid and constraint analysis techniques to enable it to filter projects efficiently; we have now evaluated nearly 2GW of grid capacity and projects. PACE’s UK project pipeline is now accelerating with a target of constructing over 300MW in the UK in the next three years’.

Rob Denman, Managing Director of PACE, said: ‘We have an experienced and ambitious senior team who have been building a platform and systems in multiple markets to enable us to grow as the global demand for clean energy increases, with a focus on utility scale solar and either co-located or stand alone battery projects - depending on the regulations and economics’.

‘Submitting our first subsidy-free projects into planning in the UK is a great achievement and we are targeting mid-2021 for both Three Bridges Solar and Burgate Solar to be constructed. Our 80MW Canadian projects should also achieve this milestone in 2021, and we are expecting to have additional projects ready for planning in the UK before the end of this year’.

About Pathfinder Clean Energy (PACE)
Pathfinder Clean Energy (PACE) is an international clean energy developer and investor established in 2017 and currently operating in Spain, Canada and the UK and with ongoing business development in other growth markets.

PACE’s team brings over 40 years and 1GW of experience from across the asset cycle - from development to financing, construction and operation.

PACE uses the latest cloud-based proprietary technology to collaborate across global markets and projects to enable its projects to deliver competitive power prices under PPAs or bids into government auctions.

PACE’s understanding and management of the complete life cycle of a project provides a route to deploying capital at scale and across multiple international clean energy markets.

www.pathfinderce.com





For communications related to this announcement:

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

See More Announcements

Markets & Technologies

PACE is constantly investigating global opportunities for our own developments and also on behalf of investors or corporate high energy users. We focus on opportunities with solar technology and energy storage as we consider these provide the strongest opportunity for innovation. We are constantly evaluating new markets, technologies and opportunities. We are active in the following markets:

Spain

United Kingdom

Canada

Poland

Careers

PACE is interested to hear from any person who considers they can contribute to the PACE team and our ambitions. As a small and global team we do not have many openings for new positions and when we do require a high standard of professionalism and interest in the sector.

We are a tech-led organisation and as we act in many markets and time zones so we require our team to have a strong understanding and ability to adapt and learn new systems that can bring efficiencies and improve our ability to scale up and manage multiple projects in multiple markets. Our roles will have a high percentage of remote working.

• Poland/UK Technical Graduate Based in the UK or Poland Learn More
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Technical electrical and project support - Poland and UK

We are looking for an electrically qualified, technically focused person to join the PACE team to support the development, construction and operation of its advanced projects in the UK and project developments in Poland.

Please click the following link to view the full job description.

Otherwise, to apply, please send both qyour cover letter and CV to careers@pathfinderce.com