Renault has officially confirmed it has retained Jolyon Palmer for the 2017 Formula One season.

The Briton was initially seen as a dark horse candidate to partner Nico Hulkenberg, with current team-mate Kevin Magnussen and reserve driver Esteban Ocon seen as higher up on Renault’s wishlist.

However, with the Dane agreeing on a multi-year deal with Haas F1 Team and the Frenchman poised for a switch to Force India, Palmer emerged as the top candidate for the French manufacturer’s second seat.

Following earlier reports, Renault announced the 25-year-old will drive for its works team in 2017.

“I’m over the moon to be racing with Renault Sport Formula One Team for a second season and I can’t wait to reward the team’s faith in me on track,” said Palmer, who is currently competing in his rookie season.

“Having worked out of Enstone since 2015 I can fully appreciate the development of the infrastructure this year. This means I share the excitement of the team looking to 2017 and our new car.

“For me, it’s been a steep learning curve driving in Formula 1 and I know that I am performing better than ever, and that there’s still more to come. There is tremendous drive and enthusiasm in Enstone and Viry looking to next year and I am honoured to be part of this.”

Palmer currently sits 17th in the Drivers’ standings, having scored one championship point with 10th place at the Malaysian Grand Prix.

Chris Medland's 2016 Brazilian Grand Prix preview

FEATURE: What Rosberg need to do to win the title in Brazil

INTERVIEW: Fernando Alonso: Why F1 is no longer just for heroes

TECHNICAL: Under the skin of the Ferrari SF16-H

F1i Classic: Brazil 1991 - Senna's pain and glory

Keep up to date with all the F1 news via Facebook and Twitter

Julien Billiotte

Recent Posts

Why Alonso was denied a holy lap of Madrid with the Pope!

In the long and storied career of Fernando Alonso, the Spaniard has tamed the curbs…

6 hours ago

Irvine takes brutal swipe at Verstappen: ‘F1 doesn’t need Max’

There are strong opinions in Formula 1, and then there is Eddie Irvine. The former…

7 hours ago

Sainz flags return of old Williams demon in FW48

Amid the challenges faced by Williams from the outset this season, Carlos Sainz has noted…

9 hours ago

One British F1 driver's forgettable season with McLaren

Ex-F1 driver Mark Blundell was born on this day 60 years ago. The British charger…

10 hours ago

Fornaroli steps up development with McLaren at Silverstone

Rising Italian talent Leonardo Fornaroli took another significant step in his Formula 1 development on…

11 hours ago

‘No point in hiding’: Aston Martin faces its F1 crisis head-on

The mood around Aston Martin may appear heavy from the outside, but within its Silverstone…

12 hours ago