Directors' Valuation

Our mission is to connect as many people as possible with clean energy, which is why we are proud to have a large and diverse shareholder group. Because of this we also have a responsibility to disclose when a material event – or combination of events – impacts the value of Thrive as a company.

The Directors’ Valuation was reviewed by the Board in February 2025. A combination of positive and negative factors including the forecasted results for 2024, securing the rights to build a new 57MW wind farm, battery revenue forecasts, latest interest rate and inflation forecasts and updated power price projections were considered. As a result the valuation of the company  has been increased to £2.55 per share. If a final dividend for 2024 is recommended by the directors for shareholder approval at the AGM in June 2025, that dividend will result in a decrease in the Directors’ Valuation on the dividend record date (late May 2025).

Our projects benefit from a range of power sales contracts which include price floors, fixed pricing and inflation linked elements, as well as government backed renewable electricity support mechanisms. To estimate the long-term dividend flow from our projects, we combine the prices we have agreed in power sales contracts, wholesale electricity market prices in the immediate and medium term and longer-term projections which are provided by market leading experts.