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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.

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

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

We will be providing the business with a loan of up to £20 million, with the first stage of funding being used for four solar PV projects in England and Scotland (128MW in total), with one currently in construction.
Through various partnerships, Ethical Power owns solar and battery energy storage projects at different stages of development and construction, including two large solar and BESS projects. The company is the principal engineering, procurement and construction (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 got in touch with us as it was looking for additional capital to fund its share of a healthy pipeline of large-scale ground mount solar and battery storage sites, totalling 178MW.

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Ethical Power project

We’re providing the business with a loan of up to £20 million to help fund its share of a pipeline of large scale solar and storage projects.

 Funding Ethical Power’s solar pipeline

Ethical Power case study

Half year operating profits including investments were £7.4 million on a turnover of £14.6 million, with shareholders receiving a final dividend of 12p per share for 2023, which was paid in July this year. Please note, past performance is not a reliable indicator of future performance.
The increase in turnover is the result of raised electricity prices and the addition of the Feeder Road battery to our portfolio, which has now been operational since December 2023.

<img loading="lazy" decoding="async" class="aligncenter wp-image-7434 size-large" src="/wp-content/uploads/2024/10/Updated_ThriveHalfYear_Infographics_2024-13-683x1024.png" alt="" width="683" height="1024" srcset="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/10/Updated_ThriveHalfYear_Infographics_2024-13-683x1024.png 683w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/10/Updated_ThriveHalfYear_Infographics_2024-13-200x300.png 200w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/10/Updated_ThriveHalfYear_Infographics_2024-13-768x1152.png 768w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/10/Updated_ThriveHalfYear_Infographics_2024-13-1024x1536.png 1024w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/10/Updated_ThriveHalfYear_Infographics_2024-13-1366x2048.png 1366w" sizes="(max-width: 683px) 100vw, 683px" />
Funding our growth ambitions
We were pleased to announce a new joint venture with TopCashback Sustainability Ltd that will unlock up to £40 million in additional capital. Deployed collaboratively alongside Thrive’s own capital over four years, this partnership will help us contribute to the next phase of the UK’s transition and supports our own ambitious growth strategy. We are  finalising debt arrangements which will inject a further £17 million of funding into the business and, to help us with our goal of doubling our generation capacity within the next five years, we’re also looking to raise capital in early 2025.
The Thrive PLC bond was repaid in March as planned after the conclusion of its seven-year term. The bond offer, which was the first to be available as an Innovative Finance ISA (IFISA), helped fund new projects including a milestone community wind project in Cumbria in 2017.
New diverse projects
<img loading="lazy" decoding="async" class="aligncenter wp-image-7435 size-large" src="/wp-content/uploads/2024/10/Updated_ThriveHalfYear_Infographics_2024-14-683x1024.png" alt="" width="683" height="1024" srcset="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/10/Updated_ThriveHalfYear_Infographics_2024-14-683x1024.png 683w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/10/Updated_ThriveHalfYear_Infographics_2024-14-200x300.png 200w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/10/Updated_ThriveHalfYear_Infographics_2024-14-768x1152.png 768w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/10/Updated_ThriveHalfYear_Infographics_2024-14-1024x1536.png 1024w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/10/Updated_ThriveHalfYear_Infographics_2024-14-1366x2048.png 1366w" sizes="(max-width: 683px) 100vw, 683px" />
We continue to deploy capital into projects that are consistent with our long-term growth strategy, focusing on further diversifying the pipeline so that we can grow our impact and resilience.
So far this year, we have secured a 25-year life extension of our 1MW Beochlich hydro project in the Scottish Highlands and had planning consent granted for an extension of our Drumduff wind farm, which we co-own with local partner GreenPower. The extension will add three turbines with an expected generation capacity of 12-15MW, bringing the overall Drumduff wind farm to six turbines and potentially tripling the combined onsite generation capacity.
We made a £1 million investment in two community owned wind turbines in Gloucestershire and are providing Eden Sustainable with up to £75 million in funding to accelerate the roll out of private wire solar PPA projects for schools, businesses, and other organisations across the UK.
Good progress has been made with construction of the ATTIX CIC wind turbine in Kilbirnie, as well as two ground mount solar projects as part of our partnership with Ethical Power. With generation expected to start in early 2025, significant progress has also been made at the UK’s first deep geothermal production plant in Cornwall, with the turbine that will convert geothermal heat into renewable electricity now successfully installed.
Supporting communities 
The final projects from round seven of our voluntary Community Benefit Programme, which provides energy efficiency grants to important shared buildings close to our sites, have now been completed. Nominations for round eight have just closed, with £30,000 in grants to be allocated for local energy saving initiatives across the UK.
We’ve also supported a number of community focused initiatives, including the Centre for Sustainable Energy (CSE)’s Green Match Fund, which aims to provide more communities with the tools and resources they need to create sustainable, resilient places to live – from improving the energy efficiency of houses and community buildings to preserving natural spaces and setting up social enterprises for community energy. Thrive pledged £5,000 match funding to the appeal, with the final total standing at over £16,000.
It has been great to meet more of our communities in the first half of the year, recently arranging for a local nursery school to visit our Feeder Road battery project in Bristol. The event gave them an opportunity to learn about renewable energy, as well as take part in some themed arts and crafts and nature spotting.
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New funding secured and good progress on wind, solar and hydro assets

Half year results 2024: 10% increase in generation and strong operating profits

Abergorki was one of 21 onshore wind projects to secure a Contract for Difference in Auction Round 6 (AR6) of the UK Government’s main mechanism for providing price stability to low carbon electricity generation.  
The site lies on Mynydd Maerdy, above the Rhondda Valleys, and is located within an area of significant wind farm development with both operational and consented wind farms in close proximity.

The Abergorki wind project was originally owned by developer, REG Power Management (RPM), and was granted planning permission by the local council in July 2015.

*Based on an annual generation of 40GWh 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 href="https://www.renewableuk.com/page/UKWEDExplained">https://www.renewableuk.com/page/UKWEDExplained</a>

thrive-team-member-close-to-proposed-abergorki-wind-farm-site-in-south-wales

Thrive team member close to proposed Abergorki wind farm site in South Wales

Thrive has acquired the rights to build Abergorki wind farm in Rhondda Cynon Taf, South Wales.  

We’re coming back to Wales! Thrive has acquired the development rights to CfD-backed Abergorki wind farm

Thrive will be running a minibus shuttle service to the wind farm from the Victoria Institute. Before catching the bus, you can tuck into some tasty refreshments while getting to know the history of the site. Plus, you’ll be helping us celebrate 30 years of both Caton Moor wind farm and Thrive Renewables who own and operate it!  
Entry is by ticket only and places are limited; please visit the Eventbrite page to book your spot: <a href="https://www.eventbrite.co.uk/e/caton-moor-wind-farm-free-community-open-day-tickets-1006715562347?aff=oddtdtcreator">Caton Moor wind farm free community open day Tickets, Sat, Sep 21, 2024 at 10:00 AM | Eventbrite</a>

Since 2015, Thrive’s voluntary Community Benefit Programme has awarded five energy efficiency grants to community centres in the area helping them cut bills plus increase warmth and comfort for people who use the spaces. The Victoria Institute is one of its grantees, using grants awarded in 2016 and 2018 to improve insulation and upgrade its boilers. Other grantees nearby include the Halton Community Centre, who used the funding to install energy efficient lighting and taps, as well as upgrading their solar PV and solar thermal system.

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Thrive renewables open day in Avonmouth. September 2022.

Enjoy a fun-packed day of activities for all the family at our Caton Moor wind farm near Lancaster – including the chance to get up close to an operational wind turbine! 

Funding Ethical Power’s solar pipeline

We’re providing the business with a loan of up to £20 million to help fund its share of a pipeline of large scale solar and storage projects.

Get in touch with a member of our investment team

Latest news

01 Oct 2024

17 Sep 2024

02 Sep 2024