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 Cookie policy <a href="/cookie-policy/">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 of the UK.

Operational

Under construction

2024 half year report

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

30 years Thriving

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="/risk-summary/" target="_blank" rel="noopener">Take 2 mins to learn more</a>.

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

kessingland-2

kessingland

Latest news

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.  
&nbsp;
[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>

thrive-renewables-7

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

Featured

We have now successfully deployed all of the £10m raised in the 2016 Thrive Renewables plc bond offer into four renewable energy projects. In the case of three of these projects we have invested into existing sites to provide local communities with the opportunity to take direct ownership of the projects in their area. This includes Brockholes, a 2.4 MW wind farm in the Scottish Borders which we’ve invested in since the enclosed report has gone to print.
As we adapt to market conditions, our flexible and award-winning investment model is delivering impact and connecting more individuals to clean energy projects.
<a href="/documents/2017-half-year-report/" target="_blank" rel="noopener">View the full report here</a>.

tide-ise-2018-4

TIDE &amp; ISE 2018

We are pleased to present the 2017 Half Year Results with an update on the Company’s operational and financial performance to 30 June 2017.

2017 half year results

Its marginal cost is basically zero, its supply is infinite and contrary to some opinion, reliable, when used in conjunction with other renewable sources (if you have hydro, solar, wind and tidal – you have no reason to worry about black outs).
Sure, the transition takes a bit of effort, but once it’s done, it’s done. And it really will be done.
Last week, the amazing news broke that offshore wind has become the lowest cost option for large-scale, low-carbon power in the UK, after the price paid for electricity from the turbines fell by more than 50 per cent in two years.
If common sense were the only factor behind energy policy, this news should mean curtains for projects such as Hinkley Point C. However, policy decisions never seems as straightforward as: “this is lower cost and lower carbon, let’s make it happen”.
Another example of energy policy failing to make sense came in 2015, when, just as small scale wind and solar were really cranking up, with the costs and subsidies meeting at just the right place for mainstream investors and developers to see real appeal, the Government swiped away the bulk of the subsidies. Just like that. The move put the brakes on a rapidly accelerating sector over night.
Many developers put the last few projects in the ground, then shut up shop. Homeowners who had been in two minds about getting panels suddenly saw their sums didn’t add up.
It looked like a victory for the anti-wind turbine lobby (which also contains a fair few climate change sceptics). The message from the Government was that it was time for the sector to stand on its own two feet – which had, to be fair, always been the goal. But the sector wasn’t quite ready.
At the time, that decision felt like game over. But Matthew Clayton, managing director of <a href="/?utm_source=Good%20With%20Money&amp;utm_campaign=MC%20interview">Thrive Renewables,</a> offers a long term perspective, seeing it as a lull from which the sector will soon recover.
Read the full story at the <a href="https://good-with-money.com/2017/09/18/interview-watch-out-for-the-renewables-comeback/" target="_blank" rel="noopener noreferrer">Good With Money </a>website.

img_0304

IMG_0304

Good With Money interviews Matthew Clayton, MD at Thrive: The thing about renewable energy is: it makes total sense. So much so that it’s hard to understand why any energy would not be renewable, now we have the technology to harness it.

Interview: Watch out for the renewables come back

The wind farm comprises of three 2.3 MW Enercon turbines across the valley from the existing High Winds two turbines at Harlock Hill in south Cumbria. Through co-operation, the Energy4All family of Co-ops has been able to acquire an existing wind farm from a commercial operator.
This purchase demonstrates the ability of the community sector to operate in the business world, and reflects the appetite for greater community ownership of renewable energy as an end in itself, especially important since most of the government subsidies for new build have been substantially reduced.

meanmoor

MEANMOOR

Three renewable energy co-operatives, High Winds Community Energy Society, together with Baywind Energy and Energy Prospects, and with the support of the ethical investment company Thrive Renewables, have acquired the Mean Moor wind farm in Cumbria.

The power of co-operation in the community owned renewable energy sector

Here’s one potentially gargantuan implication: as a result of the cost decline, it’s now possible to develop new offshore wind farms for a guaranteed price of £57.50<a class="js-scroll-done" href="https://good-with-money.com/2017/10/09/why-wind-could-become-the-uks-no-1-energy-source/#_ftn1" name="_ftnref1">[1]</a> per megawatt hour. This compares with the Government’s commitment to pay £92.50<a class="js-scroll-done" href="https://good-with-money.com/2017/10/09/why-wind-could-become-the-uks-no-1-energy-source/#_ftn2" name="_ftnref2">[2]</a> per megawatt hour to the planned Hinkley Point.
Matthew Clayton, managing director of Thrive Renewables, a <a href="http://goodegg.good-with-money.com/">Good With Money Good Egg company</a> that allows people to invest directly in UK renewable projects, said: “The results of the <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/643560/CFD_allocation_round_2_outcome_FINAL.pdf">offshore auction</a> price is a great success for the sector and a milestone for the transition to a cleaner energy system. The UK is playing to its physical strength, we are exposed to a powerful wind regime and as an island, we have a long coastline.
&#8220;The Government can on one hand be pleased with the cost reduction, but on the other hand, this does make the cost of Hinkley Point C nuclear plant now seem way out of the market.”
<h3>The renewables revolution</h3>
The UK’s renewable energy capacity has been steadily gaining pace, <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/647752/Energy_Trends_Sep_17.pdf">BEIS</a> Energy Trends report for Sept 2017 shows renewable electricity generation capacity grew to <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/647752/Energy_Trends_Sep_17.pdf">37 gigawatts</a> in 2017, having installed 4.4 gigawatts of new renewable generation over the course of 2017. Renewables are now generating more than a quarter of the UK’s electricity.

UK offshore wind power has just become materially cheaper than nuclear. This is a major step forward for UK renewable energy and we hear from Matthew Clayton, MD of sustainable investment company, Thrive Renewables about what this means for the industry. Written by Rebecca O'Connor - Good With Money

Why wind could become the UK's number one energy source

We develop, construct and operate small to medium scale renewable energy projects, and offer accessible opportunities to directly invest in these clean energy projects. The company has more than 6,300 UK investors and more than 90MW of renewable generation capacity under management. We were awarded a Good Egg for our renewable generation capacity and CO2e avoidance impacts, as well as our community engagement.
The mark, launched in May 2017, is designed to make it easier for people to find financial providers that have a positive impact on the environment and society, as well as offering a good deal financially. To find our more about the Good Egg logo click <a class="js-scroll-done" href="http://goodegg.good-with-money.com/#5" target="_blank" rel="noopener noreferrer">here</a>.
To read the full article click <a href="http://good-with-money.com/" target="_blank" rel="noopener noreferrer">here.</a>

The third responsible business to be awarded a Good Egg mark from Good With Money.

Thrive Renewables awarded Good Egg Mark

<h3>Peter, what inspires you to make a difference?</h3>
I have two children aged 14 and 11 and they’re very important to me. I want them to grow up in a clean energy world and renewables are a big part of that. I also want to broaden their minds and encourage them to pursue what matters to them.
My son likes all things related to gadgets and science and told me when he was 9 that that he was going to create a solution for perpetual energy. It is good to dream big! Last year I brought him a small solar lantern and charging unit from Kenya which he now uses to do his homework and charge his phone. Hopefully this can be the first step on his sustainable energy ladder.
My family recently travelled with me to Tanzania where I work with local companies to provide off grid community energy. During the trip we visited a social business assembling and distributing solar lanterns to show my children how some local women live and work and to get them engaged. They have now decided to raise funds for charitable causes of their own. While they did not opt for renewables &#8211; my son went for Water Aid and my daughter chose to protect chimpanzees – I am pleased they too are trying to make a difference.
<h3>How did you come to work in renewables?</h3>
I followed a pretty unconventional career path. I started in financial journalism, followed by market research, electricity trading and energy banking. Energy financing and investment was a constant theme throughout. In the early days, I worked for GE Capital and others, acting as the principal investor and lender in renewable and other energy projects. Later on, I switched to the energy manufacturing side, working for the likes of Siemens Wind Power to increase sales of wind turbines by sourcing financing for their customers.
While I really enjoyed working for these large energy companies, I have always had a soft spot for smaller organisations. Joining Thrive Renewables (Thrive) as a non-executive director in 2011 exposed me to smaller, more localised renewable projects. Becoming a trustee of the NGO Renewable World provided me with insight into even smaller, micro-scale projects, this time in developing countries. And then last year, I joined the management team of Energy 4 Impact where I get paid to do something I love: working with small entrepreneurs on renewable energy in the challenging markets of Africa.
<h3>Tell us more about your work in the renewables sector?</h3>
In my day job, I am Investment Advisory Director for <a href="http://www.energy4impact.org/">Energy 4 Impact. </a>We are a non-profit organisation that seeks to alleviate poverty in Sub Saharan Africa by increasing access to energy for under-served rural communities. Currently around 6 out of 10 people in Africa lack access to electricity &#8211; that is nearly 650 million people. Well over half of the businesses there say access to reliable power is a major constraint on their growth. And there is a big urban-rural divide, with access in urban areas being nearly 70% compared to just 15% in the countryside.
We provide advice to small and micro off-grid renewable enterprises, including start-ups and more mature growth businesses. My role is to advise them on business plans and capital raising and to work with local financial and industrial partners to provide financing for their end customers. Our business clients include suppliers of solar lighting and energy products, solar irrigation pumps, cold storage units, biogas digesters and clean cooking solutions. We also support providers of ancillary services such as remote metering and payment systems, which are critical for the sustainability of renewable businesses in remote areas.
Like Thrive, we do a lot of work with small renewable project developers. However, the challenges involved are very different from the developers supported by Thrive. Most of the “mini-grids” Energy 4 Impact supports are very small (I.e. a few kilowatts in size versus the megawatt projects of Thrive) and serve only a few hundred or thousands of people. Because most of the projects are not connected to the national grid, they supply energy directly to local communities where demand for electricity is often uncertain. In the case of Thrive’s projects, we already have a good idea how much and to whom we are selling power.
In my part time, I am a trustee for Renewable World which develops community micro renewable projects in South Asia and East Africa. These include hydraulic and solar water pumping projects in the hillside communities of Nepal and solar mini-grids in remote fishing villages in Kenya. My role is to oversee and support programme management and fund-raising. Like Thrive, Renewable World works closely with local communities to ensure the projects are sustainable from a social, business, financial and environmental perspective.
<h3>What else are you doing?</h3>
A few years ago I became an (unpaid) advisor to Pearlstone Energy, a UK electricity demand response aggregator start-up. They face many of the same challenges in terms of market development and funding that my clients in Africa face, albeit in a very different market context.
Demand response is an emerging market that allows commercial industrial consumers such as data centers and medical facilities to support the National Grid by reducing their electricity usage during peak periods and getting paid for doing so. While the market is currently more risky than traditional generation, the opportunities for investors and potential benefits for consumers in terms of lower cost electricity and reduced CO2 emissions are clear.
<h3>How do you see the future?</h3>
The cost of key components such as solar panels and batteries has fallen dramatically in recent years, creating new opportunities for investors. In developed markets such as UK, we are seeing the emergence of new businesses in energy storage and demand response, which dramatically improve electrical system efficiency. In some developing markets such as East Africa, we are witnessing a solar revolution facilitated by remote metering and pay-as-you-go technologies which allow those unable to afford the high upfront cost of electrical services to pay in small instalments. All in all, it is a very exciting time to be in renewables.
<h3>About Peter Weston</h3>
<ul>
<li>Board Member of Thrive Renewables (formerly Triodos Renewables) since 2011. Chair of Operations and Health &amp; Safety Committee.</li>
<li>Director of Investment Advisory at Energy 4 Impact (formerly GVEP International)</li>
<li>Trustee of Renewable World</li>
<li>Visiting lecturer at ESCP, a European business school</li>
<li>Previous management roles with GE Capital, Siemens Wind Power, MAN Diesel &amp; Turbo, Westdeutsche Landesbank, Aquila Energy and Osaka Gas</li>
<li>Journalist with Euromoney Publications and freelancer for Financial Times</li>
</ul>

0u9a9201-edit

0U9A9201-Edit

Empowering communities, connecting people to power and inspiring the next generation.

Team profile: Peter Weston

This passion extends to everyone around him, from his family and friends, to the UK renewable investment community, and to the small off-grid entrepreneurs he works with in Africa.
With a 20-year career as an investor, lender and strategic adviser to different organisations in the renewable energy sector, we are interested to find out what makes Peter tick and where the next chapter of his renewables adventure will take him.
<h3>Peter, what inspires you to make a difference?</h3>
I have two children aged 14 and 11 and they’re very important to me. I want them to grow up in a clean energy world and renewables are a big part of that. I also want to broaden their minds and encourage them to pursue what matters to them.
My son likes all things related to gadgets and science and told me when he was 9 that that he was going to create a solution for perpetual energy. It is good to dream big! Last year I brought him a small solar lantern and charging unit from Kenya which he now uses to do his homework and charge his phone. Hopefully this can be the first step on his sustainable energy ladder.
My family recently travelled with me to Tanzania where I work with local companies to provide off grid community energy. During the trip we visited a social business assembling and distributing solar lanterns to show my children how some local women live and work and to get them engaged. They have now decided to raise funds for charitable causes of their own. While they did not opt for renewables &#8211; my son went for Water Aid and my daughter chose to protect chimpanzees – I am pleased they too are trying to make a difference.
<h3>How did you come to work in renewables?</h3>
I followed a pretty unconventional career path. I started in financial journalism, followed by market research, electricity trading and energy banking. Energy financing and investment was a constant theme throughout. In the early days, I worked for GE Capital and others, acting as the principal investor and lender in renewable and other energy projects. Later on, I switched to the energy manufacturing side, working for the likes of Siemens Wind Power to increase sales of wind turbines by sourcing financing for their customers.
While I really enjoyed working for these large energy companies, I have always had a soft spot for smaller organisations. Joining Thrive Renewables (Thrive) as a non-executive director in 2011 exposed me to smaller, more localised renewable projects. Becoming a trustee of the NGO Renewable World provided me with insight into even smaller, micro-scale projects, this time in developing countries. And then last year, I joined the management team of Energy 4 Impact where I get paid to do something I love: working with small entrepreneurs on renewable energy in the challenging markets of Africa.
<h3>Tell us more about your work in the renewable sector?</h3>
In my day job, I am Investment Advisory Director for <a href="http://www.energy4impact.org/">Energy 4 Impact. </a>We are a non-profit organisation that seeks to alleviate poverty in Sub Saharan Africa by increasing access to energy for under-served rural communities. Currently around 6 out of 10 people in Africa lack access to electricity &#8211; that is nearly 650 million people. Well over half of the businesses there say access to reliable power is a major constraint on their growth. And there is a big urban-rural divide, with access in urban areas being nearly 70% compared to just 15% in the countryside.
We provide advice to small and micro off-grid renewable enterprises, including start-ups and more mature growth businesses. My role is to advise them on business plans and capital raising and to work with local financial and industrial partners to provide financing for their end customers. Our business clients include suppliers of solar lighting and energy products, solar irrigation pumps, cold storage units, biogas digesters and clean cooking solutions. We also support providers of ancillary services such as remote metering and payment systems, which are critical for the sustainability of renewable businesses in remote areas.
Like Thrive, we do a lot of work with small renewable project developers. However, the challenges involved are very different from the developers supported by Thrive. Most of the “mini-grids” Energy 4 Impact supports are very small (I.e. a few kilowatts in size versus the megawatt projects of Thrive) and serve only a few hundred or thousands of people. Because most of the projects are not connected to the national grid, they supply energy directly to local communities where demand for electricity is often uncertain. In the case of Thrive’s projects, we already have a good idea how much and to whom we are selling power.
In my part time, I am a trustee for Renewable World which develops community micro renewable projects in South Asia and East Africa. These include hydraulic and solar water pumping projects in the hillside communities of Nepal and solar mini-grids in remote fishing villages in Kenya. My role is to oversee and support programme management and fund-raising. Like Thrive, Renewable World works closely with local communities to ensure the projects are sustainable from a social, business, financial and environmental perspective.
<h3>What else are you doing?</h3>
A few years ago I became an (unpaid) advisor to Pearlstone Energy, a UK electricity demand response aggregator start-up. They face many of the same challenges in terms of market development and funding that my clients in Africa face, albeit in a very different market context.
Demand response is an emerging market that allows commercial industrial consumers such as data centers and medical facilities to support the National Grid by reducing their electricity usage during peak periods and getting paid for doing so. While the market is currently more risky than traditional generation, the opportunities for investors and potential benefits for consumers in terms of lower cost electricity and reduced CO2 emissions are clear.
<h3>How do you see the future?</h3>
The cost of key components such as solar panels and batteries has fallen dramatically in recent years, creating new opportunities for investors. In developed markets such as UK, we are seeing the emergence of new businesses in energy storage and demand response, which dramatically improve electrical system efficiency. In some developing markets such as East Africa, we are witnessing a solar revolution facilitated by remote metering and pay-as-you-go technologies which allow those unable to afford the high upfront cost of electrical services to pay in small instalments. All in all, it is a very exciting time to be in renewables.
<h3>About Peter Weston</h3>
<ul>
<li>Board Member of Thrive Renewables (formerly Triodos Renewables) since 2011. Chair of Operations and Health &amp; Safety Committee.</li>
<li>Director of Investment Advisory at Energy 4 Impact (formerly GVEP International)</li>
<li>Trustee of Renewable World</li>
<li>Visiting lecturer at ESCP, a European business school</li>
<li>Previous management roles with GE Capital, Siemens Wind Power, MAN Diesel &amp; Turbo, Westdeutsche Landesbank, Aquila Energy and Osaka Gas</li>
<li>Journalist with Euromoney Publications and freelancer for Financial Times</li>
</ul>

After lunch, Thrive’s MD, Matthew Clayton covered the company’s outlook and how investors had made a direct impact, finished off with an inspiring talk from Felicity Jones of Everoze about the evolving electricity system and the growth of ‘storage’ as a means of delivering the flexibility required for an increasingly renewables powered system.
For more information on Thrive’s performance, projects and market outlook read the 2016 <a href="/documents/2016-annual-report/" target="_blank" rel="noopener">Annual Report.</a> To see how we’re making a difference, visit our ‘<a href="/impact/" target="_blank" rel="noopener">Impact</a>’ section.
<h3>2016 at a glance</h3>
It was a mixed year with particularly low average wind speeds, the autumn being the least windy for 15 years and major flooding creating challenges for the electricity networks. This resulted in profits being down for 2016, to some extent being balanced by improving power prices and two very successful, award-winning, bond offers raising over £13 million fuelling growth. The funds went straight into more onshore wind projects, and for the first time a ground mounted solar farm. Over the last 18 months the project portfolio has grown by over 16% to 19 UK sites in total, the majority being onshore wind with hydro and now solar.
The shareholders agreed an annual dividend at 4 pence, as per the previous two years, demonstrating the underlying health of Thrive Renewables.
The Thrive team were on hand to discuss a number of topics including the share price and latest investments as well as answer any questions. It was wonderful again to see our committed shareholders and bondholders to talk about the future of renewables.

img_2820-1

img_2820 (1)

Around 90 investors, both shareholders and bondholders, connected for one day in London for Thrive’s AGM at the prestigious Royal Institution - a fitting venue given its scientific legacy and the adjoining Faraday museum for shareholders to enjoy as part of the day.

Thrive investors connect in London to affirm renewables mission

Renewables generated 26.6% our electricity from January to March, an increase of 1% on last year, while coal’s output dropped from 15.8% to 11.3%. In Q1 2015, coal was providing 30.8% of our power, so the UK’s clean energy transition is continuing to accelerate rapidly.
All low-carbon sources, including nuclear, generated 45.6% of the UK’s electricity, up from 44.4% at the same three-month period last year.

image-3

image

Renewable energy generated more than 25% of the UK’s electricity in the first quarter of this year reports RenewableUK.

Onshore wind leads UK renewable power generation in 2017

With over 6,300 investors in Thrive, the company funds sustainable projects all over the UK to create genuine, long-term, positive impact – financially, environmentally and socially.
Thrive has worked with REV to support the timely procurement and construction of the Gevens project with three turbines in Kirkcaldy, Fife all being delivered by boat. It is now focusing on delivering Brotherton, a two-turbine project near Johnshaven, Aberdeenshire and on schedule to start generating green electricity to the grid in summer 2017.

Banks typically lend 75%-80% of project capital costs with developers still needing to find the remaining 20%-25%. Thrive Renewables provided a mezzanine loan to compliment the senior loan provided by Santander on both the projects.
The Gevens project is located 5km from Kirkcaldy close to the open water of Loch Camilla. The three 2.3MW Enercon E82 turbines are just under 100 metres tall.
The Brotherton project is located within the Brotherton Estate near Johnshaven in Scotland. The two 2.3MW Enercon E82 turbines are just under 100 metres tall.
For the Gevens site, the civil engineering works were delivered by contractor RJ McLeod; and on the Brotherton site by AE Yates. The construction process has been managed by firms Green Cat Renewables and Greenbank Accountants.

image-gallery-1

In partnership with developers, Renewable Energy Ventures (REV), this type of funding marks an additional way for Thrive Renewables to contribute to the growth of renewable generation in the UK.

Thrive Renewables delivers mezzanine funded wind farms in Scotland

<h3>Financial leadership category and submission</h3>
In 2016/2017 Thrive raised a total of £13M for renewable energy projects through innovative online crowdfunding and was the first bond offer to be available through the Innovative Finance ISA (IFISA).
Thrive highlights:
<ul>
<li>The Thrive Plc bond offer raised £9.97m for new sustainable energy projects in the UK exceeding its target of £7.5m by 33 per cent.</li>
<li>It was one of the first crowdfunded bonds eligible for an Innovative Finance ISA.</li>
<li>The funds are now being deployed into onshore wind and solar projects with the aim of generating a further 36,000 UK homes with clean electricity in 2018.</li>
<li>933 individuals invested their money in Thrive Renewable’s bond from just £5 online.</li>
<li>Whilst the 5% interest rate and IFISA benefits provided a healthy incentive to investors, Thrive’s bond demonstrates strong investor appetite and support for UK renewable energy.</li>
<li>Working with Triodos Bank’s corporate finance specialists and Abundance Investment, Thrive was able to offer Bondholders the opportunity to include their investment in their IF-ISA.</li>
</ul>
With a 20-year history and trusted ethos, Thrive unites a growing movement of investors who are wanting to see investment with direct impact. The Bristol based, sustainable company has contributed to the construction of 95 MW of renewable energy projects, across 19 sites around the UK with a total of £105M assets under management.
The IFISA was introduced on 6 April 2016 and from 1 November 2016 crowdfunded debt securities, such as the Thrive Bond, were eligible for inclusion.
Thrive Renewables continues to invest in and operate renewable energy projects, uniting a community of over 6,300 investors.

about-us-image

We are pleased to announce that Thrive has won the Financial Leadership category as part of the British Renewable Energy Association (REA) Awards 2017.

Thrive wins 'Financial Leadership' award at the British Renewable Energy Awards 2-17

Banks typically lend 70%-80% of project capital costs with developers or communities still needing to find the remaining 20%-30%. Thrive Renewables has provided the essential £1.7M to enable the community group managed by Mongoose Energy to acquire a solar project in Sheriffhales in Shropshire. Over the coming months, the community will be invited to get involved and invest in the 3.1MWp solar farm and establish a rewarding connection with the site.
With over 6,300 investors in Thrive, the company funds sustainable projects all over the UK to create genuine, long-term, positive impact – financially, environmentally and socially.

Placeholder

Thrive Renewables supports a Mongoose Energy initiative.

Thrive bridges £1.7 million funding gap to support community solar ownership

<div class="cms rte js-cms-done">
Half year operating profits were £5.9 million on a turnover of £12.3 million, with shareholders receiving a final dividend of 12p per share for 2022, which was paid in July.
With many people still feeling the consequences of the UK’s reliance on dirty, expensive fossil fuels, we’re continuing to fund and build new clean energy projects that not only contribute to the country’s decarbonisation goals but deliver cleaner, cheaper power for people today.
<h3>Strong performance across the portfolio</h3>
<img decoding="async" src="/media/3025/2023-infographics-enviromental-impact-group.jpg" alt="" data-udi="umb://media/a357b8f0832c48dbb4d89cb3336bc3dd" />
We were pleased to report the successful construction of England’s largest onshore wind turbine during the first half of the year, which we helped fund with a £4 million investment. The 4.2 MW turbine in Bristol is the only onshore wind turbine to be built this year in England and is now generating clean electricity, with profits being reinvested back into the local community.
In addition, we’re proud to say that we’re the first commercial battery owner in the UK to offer a local community group an opportunity for shared ownership of a standalone battery storage project. Bristol Energy Cooperative (BEC) will be able to make a co-investment of up to 20% in our 20 MW battery project on Feeder Road in Bristol. The addition of this project alongside the ACE turbine and our existing 8.2 MW Avonmouth wind farm means that we’ve now funded more than a third of Bristol’s total renewable electricity generation and storage capacity (37%).
<h3>Growing pipeline of clean energy projects </h3>
Entering the second half of the year in a strong position, we have a range of new projects in the pipeline to continue growing our portfolio of wind, solar, geothermal, hydro and battery projects. This includes our biggest single investment to date, which has seen us provide a £20 million loan to Ethical Power to help fund 192 MW of new solar PV and battery storage projects across the UK.
&nbsp;
</div>
<div class="cms rte js-cms-done">
<img decoding="async" src="/media/3089/ethical-power-project.png" alt="" data-udi="umb://media/3c2f6577a44742d18e2bf1fe9ba3d749" />
</div>

[1] Refers to Thrive’s impact portfolio – total electricity generation of the portfolio adjusted for Thrive’s proportion of ownership, plus the projects Thrive is funding.
[2] Calculated using the most recent statistics from the Department of Business, Energy and Industrial Strategy (BEIS) showing that UK average domestic household consumption is 3,509 kWh per annum (1,755 kWh for a half year) <a href="https://www.renewableuk.com/page/UKWEDExplained" target="_blank" rel="noopener">https://www.renewableuk.com/page/UKWEDExplained. </a>

thrive-oxfordvisit-24

THRIVE OxfordVisit-24

Significant progress with diversification strategy, including our biggest single investment to date.

Strong performance from the portfolio with an increase in operating profits - half year results 2023

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.

ethical-power-project

Ethical Power project

In our biggest single investment to date, we’ve provided a £20 million loan to Ethical Power to fund their share of a pipeline of projects.

New deal with Ethical Power will help double Thrive's impact as developer constructs 192MW of new solar and battery storage projects

The contract awarded to Exergy will include the design and engineering of the Organic Rankine Cycle (ORC) system for converting heat to electricity. As innovators in the global ORC industry, Exergy will use their Radical Outflow Turbine, a highly efficient technology which will produce electricity from the heat of the geothermal fluid. The use of a closed loop cycle will ensure the environmental and visual impact of the system is minimal.  
The site is due to start producing renewable electricity by late 2024 as well as zero carbon heat which could be used to power a nearby housing development at Langarth Garden Village. Once operational, GEL estimates this project will save more than 6,500 tonnes of CO2 emissions per year compared to fossil fuel power generation.

Latest news

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

Featured

19 Dec 2024

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

16 Nov 2017

15 Nov 2017

14 Nov 2017

16 Oct 2017

28 Sep 2017

07 Sep 2017

07 Sep 2017

01 Aug 2017

29 Jun 2017

15 Jun 2017

13 Jun 2017

09 May 2017