13 Sep 2023
New deal with Ethical Power will help double Thrive's impact as developer constructs 192MW of new solar and battery storage projects
We’re really pleased to have signed an agreement with Ethical Power, which means we will be providing the business with a loan of up to £20 million to help fund part of its renewable pipeline.
This includes plans to build two 25 MW battery storage sites and four solar projects (142 MW in total) across the UK over the next three to five years. The completion of these projects will see the portfolio of assets that we’ve funded and/or built more than double in size – from 145 MW to 337 MW.
Through various partnerships, Ethical Power owns solar and battery energy storage projects at different stages of development and construction, including two extensive solar and BESS projects. Ethical Power is the principal EPC contractor on these projects, which enables optimal design, streamlined delivery and the most effective use of the resources from development to operation.
Latest news
09 Jul 2024
‘Just transition’ brought to life at AGM with a visit to England’s largest community owned onshore wind turbine
Read more
05 Jun 2024
Behind the scenes at Scotland’s first subsidy free, 100% community-owned onshore wind turbine
Read more
29 May 2024
Thrive announces £13.6 million operating profit for 2023 with £12.3 million of capital allocated to build new clean energy projects
Read more