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

• May 2021 PACE Canada obtains development permits for 61 MWp Joffre Solar park in CanadaRead More
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PACE Canada obtains development permits for 61 MWp Joffre Solar park in Canada.

PACE Canada has received permission for development from the local municipality on its lead Alberta solar park - Joffre Solar park.

The solar power project is proposed for a site near the Joffre petrochemical complex in Lacombe County. Development work on the 47-megawatt export facility began in 2018 and current designs are for a total installed capacity of approximately 61 MWp.

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 initial 25-year life of the project.

Pace Canada LP intends to enter construction in early 2022 with connection by the end of the year.

Rob Denman, Managing Director of PACE said, “The Alberta and Canadian market continues to embrace clean energy and utility scale solar and PACE is pleased this project will be able to commence construction and achieve our agreed connection date in 2022.”

• May 2021 PACE Technical appointed as lead design firm by Brine Engineering for Cabo Verde solar and storage facility Read More
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PACE Technical appointed as lead design firm by Brine Engineering for Cabo Verde solar and storage facility

Introduction


PACE Technical - the engineering firm within the Pathfinder Clean Energy (PACE) Group - has been appointed as lead engineering design firm for Brine Engineering Solutions for their solar and energy storage project on Santo Antao island (Cabo Verde), off the west coast of Africa.

The contract will be led by PACE Technical Director Aitor Larrucea and the main services will be executive design, detailed design and energy yield calculations and pre-construction support.

PACE has supported the project through the two years of the concept development that brings together the design, construction and operation of a large-scale solar PV plant with 6.8 MWp in Santo Antao Island, integrated with a Battery Energy Storage System (BESS) with a capacity of 2MW/11MWH.

The renewable energy generated will be consumed by an agro-industrial cooperative for agricultural production and a desalination plant for clean water production. The project is expected to connect in late 2022.

Aitor Larrucea, Technical Director said: “we are delighted to participate in this landmark project for Cabo Verde which integrates solar generation, storage and power control allowing for 24-hour, year-round clean energy supply.”

Rob Denman, Managing Director of PACE said, ‘PACE Group and PACE Technical are delighted to be able to support Brine on this exciting project. Through the course of the last 24 months we have worked with the team at Brine to bring this project through.”

Yannick Teixeira, CEO of Brine Engineering Solutions, said ‘this project has been developed over many years and we are very excited that, with PACE’s support, this project is on the verge of becoming reality. What started out as a project to develop a renewable energy initiative in Cabo Verde, has grown to support and tackle environmental, social, and economic issues. By the incorporation of a desalination plant and irrigation system, powered by renewable energy, the project can support the farming community, building an industry from subsistence levels to provide jobs and security for over 200 families. Thus protecting a way of life that there is little desire amongst the local community to leave behind”.

PACE have been instrumental in their support for the initiative and Brine is delighted this relationship will continue through to the implementation of the project and beyond.’

About the project


The project involves the design, construction and operation of a 6.8MWp solar plant, integrated with an 11MWh Battery Energy Storage System (BESS) to power a seawater desalination plant built for the project. This water is then supplied, along with all other agricultural inputs to local Cabo Verdean farmers in three nearby areas who grow crops for Aquasun with our support and guidance. This supply is augmented by a new hydroponic facility growing water intensive, fast-growing crops such as lettuce and strawberries. Certain produce such as mango, papaya, potatoes and strawberries are processed at the agro-industrial centre into jams and frozen French-fries. The fresh and processed goods are then distributed to national distributors and the Cabo Verdean tourism market.

About PACE Technical - inhouse and third party technical support


PACE Technical - led by experienced renewable energies engineer Aitor Larrucea - provides in-house consultancy, technical and detailed 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 analysis.

PACE Technical can provide technical and advisory services including engineering, construction agreements, negotiation, construction and quality monitoring, commissioning analysis and O&M procedures.

About Pathfinder Clean Energy (PACE)


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

PACE has ongoing development operations in the UK, Canada, Spain, Poland and with entry into additional markets to be announced through 2021.

www.pathfinderce.com

About Brine Engineering Solutions


Brine is first and foremost a project development firm, specializing in the integration of different technologies and different sectors, to enhance the benefits that renewable energy can bring. To deliver on our vision of a truly sustainable world, we embed ESG values at the very core of all work we undertake, driving social empowerment and environmental sustainability, resulting in a more resilient, de-risked infrastructure projects.

Brine was established in the UK in 2014. Alongside the development of the Aquasun Cabo Verde projects, Brine has projects currently under-development in Southern Africa, West Africa Macaronesia and the Caribbean.

www.brine-ei.co.uk

For communications related to this announcement:


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

For PACE Technical enquiries:

Pathfinder Clean Energy - PACE Technical - Contact: Aitor Larrucea

Tel +44 (0)20 7127 4542

Images available on request

• April 2021 Michal Oleksy appointed to lead Business Development for PACE Poland Read More
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Michal Oleksy appointed to lead Business Development for PACE Poland

Introduction


Pathfinder Clean Energy (PACE) has appointed Michal Oleksy as Business Development manager in Poland.

PACE established its development and project acquisition operations in the country in February 2021 to support the country’s clean energy transition.

Michal brings over seven years of Polish energy market experience in energy trade as well as PV project development. He has been involved in clean energy projects development and management for private investors and brings this experience to the growing PACE Poland platform.

Michal will be based in Warsaw and supported through the PACE Poland office in Torun and the PACE Group’s wider international team.

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, as our usual process, 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 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’, he said.

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

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 security to low cost capital to provide a route to deploying at scale and across multiple international clean energy markets.

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.

For communications related to this announcement:

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

For general enquiries:

Pathfinder Clean Energy - Contact: Ben Chippendale

Tel +44 (0)20 7127 4542

press@pathfinderce.com

• March 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

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