Renewable Power Capital Nordics Limited
Private Limited Company · London
ActiveUnited KingdomIncorporated 2020Private Limited Company
Financial position
Accounts to 2026-03-31 · GBP · Company accounts
Net assets
£18,206,869
Cash
£543,639
Turnover
—
Profit / loss
−£115,583,635
Current assets
£3,607,746
Creditors < 1 year
£2,427,532
Equity
£18,206,869
Average employees
Not available
Balance-sheet trend
GBP · companyFinancial statements
Selected figures from the best-ranked available filing for each period. Missing values remain unknown.
Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts
| Reported figures | 2026-03-31Company · AI-read | 2025-03-31Company · AI-read |
|---|---|---|
| Balance sheet | ||
| Net assets | £18,206,869 | £75,929,114 |
| Equity | £18,206,869 | £75,929,114 |
| Share capital | £14,375,104 | £8,606,731 |
| Retained earnings | −£153,405,499 | −£37,821,864 |
| Assets | ||
| Fixed assets | £227,938,520 | £252,416,181 |
| Investments | £28,382,548 | £68,087,405 |
| Current assets | £3,607,746 | £3,044,698 |
| Cash at bank | £543,639 | £763,339 |
| Liabilities | ||
| Creditors within one year | £2,427,532 | £2,562,241 |
| Creditors after one year | £210,911,865 | £176,969,524 |
| Profit & loss | ||
| Gross profit | £479,054 | £93,421 |
| Other operating income | £254,643 | −£29,740 |
| Operating profit | −£115,583,635 | −£37,399,388 |
| Interest receivable | £12,152,929 | £8,431,003 |
| Interest payable | £11,673,875 | £8,337,582 |
| Profit before tax | −£115,583,635 | −£37,399,388 |
| Profit / loss | −£115,583,635 | −£37,399,388 |
| Source evidence | View filing | View filing |
From the accounts
What the accounts for 2026-03-31 say about themselves, read by AI from the scanned filing.
- Principal activity
- The principal activities of the Company are that of a holding company and the provision of loan facilities to related group companies.
- What it does
- holding company · loan facilities · funding subsidiaries · renewable energy · power generation (AI keywords)
- The year
- The loss for the year after taxation amounted to £115,583,635 (2025 - loss of £37,399,388). The year-on-year increase was principally due to the impairment charge on fixed asset investments increasing to £110,569,736 (2025 - £37,463,069), together with an impairment charge of £5,747,596 against intercompany loans recognised in the current year.
- Outlook
- No significant changes in the business of the Company are expected in the immediate future.
- Auditor
- Deloitte LLP · senior statutory auditor Daryl Winstone FCA
- Audit opinion
- Clean (unmodified)
- Immediate parent
- Renewable Power Capital Holding Limited · England and Wales
- Ultimate parent
- Canadian Pension Plan Investment Board ('CPPIB') · Canada
- Ultimate controlling party
- Canadian Pension Plan Investment Board ('CPPIB')
- Accounts
- Full accounts · FRS 101
- Approved
- 2026-07-31, signed by I B Blondes
Borrowings (1)
- €25,000,000 facility loan agreement in relation to the Wolverine battery storage project; carrying amount outstanding at 31 March 2026 was £18,345,063 · from Cooperative Rabobank U.A · €25,000,000 facility; £18,345,063 carrying amount outstanding at 31 March 2026 · EURIBOR rate, plus a margin of 1.10%, payable in one month periods · The Company shall repay the loan by 31 August 2027 · secured on secured by the ultimate parent company
Shares issued in the year (4)
- 505,207,404 Ordinary shares - Class A · for £0.10 per share · 2025-07-15
- 4,231,101 Ordinary shares - Class A · for £0.10 per share · 2025-09-16
- 5,133,390 Ordinary shares - Class A · for £0.10 per share · 2025-12-18
- 62,265,450 Ordinary shares - Class A · for £0.10 per share · 2026-03-24
Directors' report (5)
- M S Pietsch · resigned 2026-01-31
- M R Hanson · resigned 2026-03-31
- S Sambhi · resigned 2026-03-31
- I B Blondes · appointed 2026-03-31
- S C Jones · appointed 2026-03-31
Share classes (2)
- 1,437,510,297 Ordinary shares – Class A of £0.01 each
- 100 Ordinary shares – Class C of £0.01 each
Principal risks (3)
- currency risk
- credit risk
- liquidity risk
Events after the year end (1)
- Post year end, the ultimate shareholder CPPIB have transferred the ownership of RPC (along with its subsidiaries) into a limited partnership (“LP”) and have appointed Octopus Energy Generation (“OEGEN”), as the regulated investment manager of that LP. As part of this transaction, the loan the Company receives from CPPIB has been transferred to a loan from the Partnership. The terms of the loan remain unchanged.
Contingent liabilities (1)
- There are no guarantees, commitments or contingent liabilities as at 31 March 2026 or 31 March 2025.
Secured borrowing
Registered charges, lenders and security interests.
Charges and related records
3 outstanding chargesFixed · created 2025-03-03
—
OutstandingFixed · created 2023-05-04
—
OutstandingFixed · created 2023-05-04
—
OutstandingShow 2 satisfied / released
Fixed · created 2021-05-20 · satisfied 2023-05-05
—
SatisfiedFixed · created 2021-05-20 · satisfied 2023-05-05
—
Satisfied