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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. <a href="https://cms-admin.thriverenewables.co.uk/risk-summary/" target="_blank" rel="noopener">Take 2 mins to learn more</a>.

It was great to be able to reconnect with likeminded businesses and celebrate all the work that has gone into shifting the business dial towards better environmental and social performance over the last 12 months. Now in its 11th year, the BusinessGreen Leaders Awards aims to recognise the inspiring businesses and individuals driving the transition towards a sustainable net zero emission economy.
For more information on the awards and the lucky winners on the night, read BusinessGreen’s article <a href="https://www.businessgreen.com/news/4037548/businessgreen-leaders-awards-2021-winner">here</a>.

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BGLA2021_Winner_ESGInvestoroftheYear

We headed to London to celebrate all the groundbreaking work happening within the sector.

Thrive wins coveted BusinessGreen Leaders Award

As well as being our largest project to date, the deal marks another major step in our ambitious growth plans to double generation capacity within the next five years. It is the second project to be funded by Fair Play Clean Energy Ltd, Thrive’s Joint Venture with TopCashback Sustainability, which brings together a combined £80 million in capital to fund new clean energy projects in the UK.
Construction of the proposed 14-turbine site is expected to start in 2025, with commissioning planned by the end of 2026. Once operational, it will be capable of generating up to 149,400 MWh of clean electricity per year, the equivalent of powering 46,100 average UK homes<a href="#_ftn1" name="_ftnref1">[1]</a>, and delivering 65,300 tonnes of emissions reductions<a href="#_ftn2" name="_ftnref2">[2]</a>.
The Whitelaw Brae wind project was originally owned by developer, BayWa r.e., with Thrive acquiring the project in December 2024 following the successful completion of a competitive tender in October 2024.
Thrive has a record of delivering community and shared ownership, both at our own sites and by providing funding for community-owned energy projects. Now, we’ve acquired Whitelaw Brae, we aim to facilitate shared ownership at this site with Ripple Energy&#8217;s latest coop.

The wind farm site is located 15 km north of Moffat and 3 km south of Tweedsmuir. It is also near the River Tweed which, as part of the £25 million Destination Tweed initiative, will see the creation of a 113-mile source to sea River Tweed Trail connecting communities and attractions along the length of the river from Moffat to Berwick-upon-Tweed. The project aims to improve the landscape and river habitat and offer a unique experience to locals and visitors alike, expected to be completed across five years.  
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[1] Based on an annual generation of 149GWh and calculated using the most recent statistics from the Department for Energy Security and Net Zero (DESNZ) showing that UK average domestic household consumption is 3,239kWh per annum <a id="menur1gr" class="fui-Link ___1q1shib f2hkw1w f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1s184ao f1mk8lai fnbmjn9 f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh fhgqx19 f1olyrje f1p93eir f1nev41a f1h8hb77 f1lqvz6u f10aw75t fsle3fq f17ae5zn" title="https://www.renewableuk.com/energypulse/ukwed/" href="https://www.renewableuk.com/energypulse/ukwed/" target="_blank" rel="noreferrer noopener" aria-label="Link https://www.renewableuk.com/energypulse/ukwed/">https://www.renewableuk.com/energypulse/ukwed/</a>
[1] Calculated using DESNZ’s “all non-renewable fuels” emissions statistic of 437 tonnes of carbon dioxide per GWh of electricity supplied in the Digest of UK Energy Statistics (July 2024) <a id="menur1gt" class="fui-Link ___1q1shib f2hkw1w f3rmtva f1ewtqcl fyind8e f1k6fduh f1w7gpdv fk6fouc fjoy568 figsok6 f1s184ao f1mk8lai fnbmjn9 f1o700av f13mvf36 f1cmlufx f9n3di6 f1ids18y f1tx3yz7 f1deo86v f1eh06m1 f1iescvh fhgqx19 f1olyrje f1p93eir f1nev41a f1h8hb77 f1lqvz6u f10aw75t fsle3fq f17ae5zn" title="https://www.renewableuk.com/energypulse/ukwed/" href="https://www.renewableuk.com/energypulse/ukwed/" target="_blank" rel="noreferrer noopener" aria-label="Link https://www.renewableuk.com/energypulse/ukwed/">https://www.renewableuk.com/energypulse/ukwed/</a>

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Thrive Renewables

From funding some of the UK’s first onshore wind farms in the early 1990s to a new 14-turbine site, we’re harnessing the country’s abundant wind resource to deliver clean power to homes and businesses.

We’ve acquired the development rights for our biggest project to date – a 57MW onshore wind farm in Scotland

1. Renewables are about to take over fossil fuels for the first time ever  
At the time of writing, the UK is on track to make a major breakthrough – with renewable energy generation set to overtake fossil fuels for the first full year. According to the think tank, Ember, the country’s naturally abundant wind, solar and hydro resources will generate 37% of the UK’s electricity in 2024 compared to fossil fuels (35%) – this will be the first time that renewables have outperformed fossil fuels consistently across four quarters.  
That might not sound like a lot, but it’s important to recognise how far we’ve come, especially as just three years ago fossil fuels generated 46% of UK electricity and renewables generated 27%. 
2. Government puts net zero at the heart of its plans  
A new Government was elected in July and the party made a number of quick policy announcements, reaffirming its commitment to net zero and recognising the swift action that is needed if the country is to meet its climate targets. 
There were a number of promises made as part of its election manifesto – including the creation of a nationalised energy company (Great British Energy), radical planning reform, more support for local power generation and the promise of a rooftop solar revolution. While we’ll have to wait and see how some of these evolve, there has already been strong progress in some important areas – including the removal of the effective ban on onshore wind and the UK’s biggest Contracts for Difference (CfD) auction to date, with the budget increasing from £1 billion to over £1.5 billion. Over 130 wind, solar and tidal projects secured long term price stability, including our Abergorkie wind farm site in Wales.  
Last week, we also saw the announcement of the <a href="https://assets.publishing.service.gov.uk/media/675bfaa4cfbf84c3b2bcf986/clean-power-2030-action-plan.pdf">Government’s Clean Power 2030 action plan</a>, which outlines how it will achieve the “most ambitious reforms to our energy system in generations”. Key measures include speeding up planning decisions and reducing grid connection times, as well as a focus on ensuring that communities directly benefit from clean energy infrastructure. 
3. We breezed past a new milestone for wind generation 
The UK achieved 30GW of wind capacity this year, following the successful powering of the 434MW Viking wind farm on the Shetland Islands in August. According to RenewableUK, 30GW is enough to meet the annual power needs of 26 million homes and can cut carbon emissions by more than 35 million tonnes a year. 
As one of the first companies to fund UK wind farms in the early 90s, we have long believed in the power of these mighty machines. And while this milestone feels like it’s been a long time coming for us, it’s a huge success for the industry – especially given the fact that it took 26 years to install the first 15GW of wind energy in the UK and that has now been doubled in just seven years. 
It’s proven that onshore wind is one of the cheapest ways to generate electricity today and therefore has a vital role to play in our transition away from fossil fuels. Now we have seen the de facto ban lifted in England, we hope to see many more wind projects making their way through planning and into development, as well as a renewed focus on repowering, which will see older sites that have reached the end of their life replaced with fewer, but more efficient, machines with the capability to generate more clean electricity.   
4. The UK became the first G7 country to fully divest in coal power 
In September, the UK closed its doors on its last coal plant at Ratcliffe-on-Soar &#8211; the first G7 country to completely phase out the use of coal for generating power. Ending over a century of burning coal to generate electricity, we have moved from coal accounting for more than 95% of the UK’s electricity generation to 0% today. In another positive announcement, the government recently confirmed that it will be introducing legislation that will ensure no new coal mining licences will be issued in future. 
5. Thrive kicked off celebrations for thirty years of funding and building clean energy projects
It wouldn’t be a 2024 round up if we didn’t celebrate one of our own significant milestones from this year – our 30th birthday. Since 1994, we’ve been committed to climate action, funding and building new clean energy projects that put people and planet at their heart.  
By working together, we’ve been able to achieve some great things, whether it be enabling the first commercial sized wind farm to transfer into community hands or investing in the UK’s first deep geothermal production plant. In total, we’ve built or funded 42 clean energy projects that have saved over two million tonnes of CO2 being released into the atmosphere. And we’re only just getting started. 2025 looks set to be another exciting year and we look forward to working with you – our Thrive community – to create a better, cleaner future for the generations to come.

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caton winter 2

We look back on some of the renewable energy wins from 2024. 

2024 in review: Reasons to be climate positive this Christmas

Thrive has made a significant investment in Gulliver, which is now nearly 20 years old, to ensure it runs reliably into the future  &#8211; generating clean power for homes and businesses across the UK.  The 2.75MW turbine is capable of generating clean electricity for more than 2,200 average UK homes a year.

Since Thrive invested in the project in 2005, Lowestoft has become a growing hub for renewables. The Orbis Energy Centre has been established next door to Ness Point wind turbine – a flagship focus for the east of England’s renewables network and home to a range of innovative organisations supporting the sector. Lowestoft is also central for servicing the growing number of offshore wind farms in the area. 
In the latest round of Thrive’s Community Benefit Programme which provides energy efficiency grants to community hubs near its projects, Seething and Mundham Village Hall near Ness Point was awarded £980 to install LED lighting. The measures will help the popular community centre reduce its energy bills and carbon footprint.

Works taking place during overhaul of Ness Point wind turbine. 

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