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Companies/13089369

Renewable Power Capital Nordics Limited

Private Limited Company · London

ActiveUnited KingdomIncorporated 2020Private Limited Company
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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 · company

Financial statements

Selected figures from the best-ranked available filing for each period. Missing values remain unknown.

2 periods

Some figures were read by AI from scanned accounts, so small errors are possible. View the filed accounts

Reported figures2026-03-31Company · AI-read2025-03-31Company · 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 evidenceView 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 charges
Fixed · created 2025-03-03
—
Outstanding
—
Outstanding
—
Outstanding
Show 2 satisfied / released
Fixed · created 2021-05-20 · satisfied 2023-05-05
—
Satisfied
Fixed · created 2021-05-20 · satisfied 2023-05-05
—
Satisfied