We've hit the £4 million milestone in our crowdfund - But we're not stopping there!

News

09 Aug 2022

There’s still an opportunity to help us expand our portfolio of clean energy projects, from onshore wind to commercial rooftop solar and battery storage.

Article written by alex.lomax

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Please note the share offer closed on 10 October 2022 and is no longer available.

We’d like to take the opportunity to thank everyone who has participated in our share offer so far –with your help we’ve raised over £4 million to support our mission of building new clean energy projects that reduce carbon emissions and ultimately help tackle the climate emergency.

We’re now working towards our end goal of raising over £5 million (with a maximum raise of £10 million). The crowdfund marks the first step in our ambitious growth plans as we seek to further diversify and expand our portfolio, creating value across the electricity system as it transitions to net zero by 2035.

As well as investing in new renewable generation and battery projects, the funding generated will help support local communities looking to take a meaningful stake in the energy transition. We aim to continue investing collaboratively with community energy groups so that they can build their own projects and take control of their energy supply.

“It’s positive to see how the crowdfund has progressed – it highlights that there’s a real appetite to support the growth of renewables in the UK. With energy bills soaring and extreme weather events becoming more frequent, it’s more important than ever that we accelerate the journey to net zero and slow climate change. That’s why we’re pushing forward and aiming to raise up to £10 million, so that we can put the funds raised to work building new clean energy projects.”

Matthew Clayton, Managing Director, Thrive Renewables

Minimum investment in the crowdfunding offer is £94 (40 shares) and shares can be held in a self-invested personal pension (SIPP). We are targeting 5-8% return per year through a combination of dividends and increasing share value. As with all investments, returns are not guaranteed, and investors may not get back all, or any, of their original investment.

The crowdfund launched on 27 June via Triodos Bank’s crowdfunding platform and we expect it to close by the end of September.