Cookies are small text files that are placed on your device by websites that you visit. If you click accept, we will use cookies that track your activity across other websites, help improve your browsing experience and serve you personalised content. 
If you click decline, we will only use essential cookies that are required for our website to work properly. For more information or to change your preferences, please read our <a href="https://cms-admin.thriverenewables.co.uk/cookie-policy/" target="_blank" rel="noopener">Cookie policy.</a>

Find out more

Link

Investors

Dev Links

Buy and sell shares

Shareholders

Bonds

Overview

2023 annual report

Projects

Quick Links

From South Cornwall to the Orkneys, from onshore wind and solar to geothermal, our diverse portfolio of clean energy projects spans the whole UK.

Operational

Under construction

Impact

As one of the UK’s highest scoring B Corps, we are committed to using our business as a force for good.

Our approach

Community support

Project funding

Thrive brings together flexible funding models, proven technologies, and problem-solving people to turn your clean energy project into a reality.

Funding for

Case studies

About

Thrive exists to tackle the climate emergency, working with investors, developers, businesses and communities to fund, build and operate clean energy projects since 1994.

About us

Governance

View all

News

Find out more about our new projects, events and industry insight. 

News 

Useful Documents

News and insight

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>.

The #FacesoftheEnergyTransition campaign is being supported by the COP26 and Race to Zero digital channels, with Monika discussing the huge influence her first All-Energy conference had on her career, as well as her hopes for a clean energy future.
Watch Monika’s video in full below, with special thanks to Regen and the other companies supporting the campaign including Energy UK, The Association for Decentralised Energy, Energy Networks Association, Global Wind Energy Council (GWEC), REA, RenewableUK, Solar Energy UK, Community Energy England and Electricity Storage Network.

Monika Paplaczyk, Investment Director, Thrive Renewables

monika-paplaczyk-thrive-renewables

Monika Paplaczyk Thrive Renewables

Faces of the Energy Transition

Latest news

Sign up to our newsletter to be one of the first to hear about new projects, events and industry insight. You can unsubscribe at any time.

Be part of the clean energy movement

Newsletter CTA

thrive-renewables-open-day-in-avonmouth-september-2022-10

Thrive renewables open day in Avonmouth. September 2022.

Hear from our investment director, Monika Paplacyzk, about her journey within the renewables sector as part of a new campaign showcasing some of the inspiring women behind the energy transition.

Joining the #FacesoftheEnergyTransition campaign

After the meeting, we invited shareholders to visit the community owned ACE wind project. We are extremely proud to have invested £4 million to fund the construction of this turbine &#8211; England&#8217;s largest. It was particularly special to visit the site just ahead of <a href="https://www.communityenergyengland.org/pages/community-energy-fortnight" target="_blank" rel="noopener">Community Energy Fortnight</a> which celebrates the importance of community-led energy projects just like this. Thrive are proud to be sponsoring the two week campaign run by Community Energy England for the fourth year running.
On site, Mark Pepper, Development Manager at Ambition Lawrence Weston, the charity that formed ACE, shared the inspiring story behind the project, which is owned by the local community. Profits generated from the turbine will be reinvested back into the local area at Lawrence Weston, Bristol, acting as a driver for regeneration. ACE also plan to build an Energy Learning Zone to inspire young people and provide training to upskill residents for zero carbon careers.

It was also great to have Darren Jones, Chief Secretary to the Treasury, join us for the visit.

Darren Jones, Chief Secretary to the Treasury, speaking to shareholders at ACE wind turbine 

ace_june_2024-15

ACE_June_2024-15

Following our Annual General Meeting (AGM), shareholders visited the Ambition Community Energy (ACE) wind turbine in the countdown to Community Energy Fortnight. 

‘Just transition’ brought to life at AGM with a visit to England’s largest community owned onshore wind turbine

Last year Thrive provided community energy group, ATTIX CIC, with a loan of £4 million to enable them to press on with construction. We recently headed up to Scotland to spend time on site with Allan and Scott Wilson from Radio City Association, who founded Attix CIC as part of their mission to develop community owned renewable energy assets and other community initiatives in the Garnock Valley.
The community have already overcome multiple challenges, so it was rewarding to see their efforts coming to fruition as construction progresses. During our visit, we got to see some of the project infrastructure already in place, including the completed access track – ready for the turbine to be installed in the Autumn.

Once operational, the turbine will have the capacity to generate 7,839 MWh of clean electricity per year, the equivalent of powering 2,234 average UK homes, and will also deliver 3,324 tonnes of carbon emissions reductions annually. Profits from electricity sales will be reinvested back into the local area, which could include local sports and recreational facilities, as well as supporting the refurbishment of the Knox Institute building – a one-time important community hub. One of their recent initiatives which we were also able to see was a cycle path to connect the area better with the rail station. In the future the profits from the wind turbine will be able to fund similar initiatives.
Thrive’s funding is complemented by a £1.6 million investment from responsible finance provider, Social Investment Scotland, as part of a blended finance package, while Local Energy Scotland supported the project through planning and design with funding via the Scottish Government’s Community and Renewable Energy Scheme (CARES).
This project is a great example for other community groups in Scotland and we were proud to see it featured in presentations and discussions at this year’s All Energy conference, one of the UK’s largest annual gatherings of professionals in the renewables space.
Construction of the project is expected to be completed by the end of this year.
&nbsp;
<img loading="lazy" decoding="async" class="aligncenter wp-image-6881 size-large" src="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/06/Kil-32-768x1024.jpg" alt="" width="768" height="1024" srcset="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/06/Kil-32-768x1024.jpg 768w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/06/Kil-32-225x300.jpg 225w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/06/Kil-32-1152x1536.jpg 1152w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/06/Kil-32-1536x2048.jpg 1536w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/06/Kil-32-scaled.jpg 1920w" sizes="(max-width: 768px) 100vw, 768px" />

kil-24

Kil 24

Construction of the 2.5MW project near North Ayrshire is well underway and expected to be completed by the end of this year.

Behind the scenes at Scotland’s first subsidy free, 100% community-owned onshore wind turbine

Last year our wind, solar and hydro projects generated 136,316 MWh of renewable electricity [1]. That’s enough to power over 42,000 average UK homes, equivalent to a town the size of Preston [2]. Our portfolio of clean energy projects also delivered emissions reductions equivalent to 58,620 tCO2e[3].

20240130trbabbasaday-45-ar

20240130TRBabbasaDay-45 AR

Thrive Impact 2023 

thrive_impact-2023_landscape_aw

Thrive_Impact 2023_landscape_AW

We were pleased to be able to invest in more community energy projects in 2023. This includes investing £4 million in a community-owned wind project in Kilbirnie, Scotland, bringing the total we have committed to community energy projects to date to £20 million. Thrive also became the first commercial battery owner to offer shared ownership to a local community group at the Feeder Road project in Bristol, which entered operation in December 2023.
The social, environmental and financial impact Thrive delivers is recognised in our B Corp status. Early in 2024 we recertified, achieving a new impact score of 131.1 – placing us in the top 3% of all UK B Corps.
As we approach our thirtieth year of building and funding clean energy projects, we are committed to doubling the amount of new generation we invest in over the next five years. Last year we made our single largest investment to date &#8211; providing a £20 million loan to Ethical Power to fund part of its solar and battery storage pipeline, with 178 MW currently in development.
As well as building new clean energy capacity, we are continuing to connect more people to renewables, welcoming over 480 new investors via our crowdfund which launched in October 2023 and completed in January 2024. It is thanks to our investors old and new that we are able to help build an energy system fit for future generations.

Another key highlight from 2023 was awarding a record £37,000 in energy efficiency grants to community buildings across the UK through our Community Benefit Programme. The annual programme, run in collaboration with the Centre for Sustainable Energy (CSE,) helps community hubs near our projects reduce their carbon footprints and manage energy costs. For the first time since starting the programme in 2016, we also provided ‘energy essentials’ training to applicants, delivered by CSE, on topics such as fuel poverty awareness.

The fully audited Annual Report and Financial Statements can be downloaded <a href="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/05/Thrive_Annual-report_2023_Final-web-version.pdf" target="_blank" rel="noopener">here</a>.
*  Please remember that past performance cannot be relied on as a guide to future returns.  
[1] Impact Portfolio describing Thrive’s share of projects owned plus the projects Thrive is funding. 
[2] Calculated using the most recent statistics from the DESNZ showing that UK average domestic household consumption is 3,239 kWh per annum (<a href="https://www.renewableuk.com/page/UKWEDExplained" target="_blank" rel="noopener">https://www.renewableuk.com/page/UKWEDExplained</a>) 
Average residents per household  2.4 (<a href="https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/families/bulletins/familiesandhouseholds/2020" target="_blank" rel="noopener">https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/families/bulletins/familiesandhouseholds/2020</a>), Population of Preston is 99,198 (<a href="https://www.thegeographist.com/uk-cities-population-1000/" target="_blank" rel="noopener">https://www.thegeographist.com/uk-cities-population-1000/</a>). 
[3] RenewableUK uses DESNZ’s “all non-renewable fuels” emissions statistic of 424 tonnes of carbon dioxide per GWh of electricity supplied in the Digest of UK Energy Statistics (July 2023) Table 5.14 (“Estimated carbon dioxide emissions from electricity supplied”. Carbon reduction is calculated by multiplying the total amount of renewable electricity generated by Thrive’s impact portfolio per year by the number of tonnes of carbon which fossil fuels would have produced to generate the same amount of electricity.

Faces of the Energy Transition

Latest news

09 Jul 2024

05 Jun 2024

29 May 2024