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>.

Built on the Inverbroom Estate, we were approached to bridge a funding gap, complementing the £6.7 million of long-term loans being provided by Virgin Money (Clydesdale Bank).
Connected to the grid in October 2020, Loch a Bhraoin has the potential to generate enough renewable electricity for around 2,250 average UK homes, saving more than 3,800 tonnes of CO₂ emissions annually. With the loan now repaid, it’s a great example of investors, developers and landowners working together to get new renewable energy projects built!

We provided a mezzanine loan of £1.8 million to Inverbroom Hydro for the construction of a 2MW hydro-electric project in the Scottish Highlands. 

contact-us

Get in touch with a member of our investment team

View all news

Latest news

Sign up to our newsletter to be one of the first to hear about new projects, events and industry insight. Your data will be processed in line with Thrive’s privacy policy, available <a href="/privacy-policy/">here</a>.

Be part of the clean energy movement

credit-hugh-wallace-3

Credit Hugh Wallace (3)

We part funded the construction and early operation of a 2MW hydro-electric project in the Scottish Highlands.

Boosting Scotland's hydro capacity

Inverbroom case study

✅  Commitment to speeding up grid connections for renewable projects that are ready to go
✅  Promises to build on existing approaches to community benefits within the onshore wind sector as part of a fair and inclusive energy transition.
✅  Streamlining the planning process for critical infrastructure and new projects

The changes in the Action Plan are broadly welcome, however the urgency of the situation must not be underestimated. Only recently, the National Energy Systems Operator (NESO) described the UK’s 2030 clean power target as “ambitious but achievable” if renewables are expanding swiftly and significantly – doubling onshore wind and tripling solar.
Whilst the government’s clean power plan shows promising steps towards accelerating large-scale renewables, it is in danger of overlooking the importance of small to medium sized, local projects. These are the projects that put local communities at the heart of the energy transition. Smaller projects can fit better into the local landscape and generate electricity closer to where it is used, potentially reducing the number of pylons needed nationally.
We also need to make the most of the clean energy capacity that is already available to us by repowering existing projects i.e. replacing older wind turbines with fewer, more modern and efficient ones. For example, the 150m Ambition Community Energy wind turbine that was part funded by Thrive and built in 2023 can generate more than double the power of each single 125m wind turbine at our neighbouring Avonmouth wind farm built in 2014.
As we head into the new year let’s work together to keep the momentum up and push for urgent change at national, regional and local level to accelerate the rollout of the much-needed renewables revolution.

Newsletter CTA

w-315

We share our thoughts on the government's Clean Power 2030 Action Plan. 

Let’s not forget smaller, local projects in the “new era of clean electricity”

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

We know there’s a lot more left to do, but it’s important to celebrate the positives (no matter how small!) so that we start the New Year feeling even more motivated in our mission to accelerate the UK energy transition.   
1. Renewables are about to take over fossil fuels for the first time ever  
At the time of writing, the UK is on track to make a major breakthrough – with renewable energy generation set to overtake fossil fuels for the first full year. According to the think tank, Ember, the country’s naturally abundant wind, solar and hydro resources will generate 37% of the UK’s electricity in 2024 compared to fossil fuels (35%) – this will be the first time that renewables have outperformed fossil fuels consistently across four quarters.  
That might not sound like a lot, but it’s important to recognise how far we’ve come, especially as just three years ago fossil fuels generated 46% of UK electricity and renewables generated 27%. 
2. Government puts net zero at the heart of its plans  
A new Government was elected in July and the party made a number of quick policy announcements, reaffirming its commitment to net zero and recognising the swift action that is needed if the country is to meet its climate targets. 
There were a number of promises made as part of its election manifesto – including the creation of a nationalised energy company (Great British Energy), radical planning reform, more support for local power generation and the promise of a rooftop solar revolution. While we’ll have to wait and see how some of these evolve, there has already been strong progress in some important areas – including the removal of the effective ban on onshore wind and the UK’s biggest Contracts for Difference (CfD) auction to date, with the budget increasing from £1 billion to over £1.5 billion. Over 130 wind, solar and tidal projects secured long term price stability, including our Abergorkie wind farm site in Wales.  
Last week, we also saw the announcement of the <a href="https://assets.publishing.service.gov.uk/media/675bfaa4cfbf84c3b2bcf986/clean-power-2030-action-plan.pdf">Government’s Clean Power 2030 action plan</a>, which outlines how it will achieve the “most ambitious reforms to our energy system in generations”. Key measures include speeding up planning decisions and reducing grid connection times, as well as a focus on ensuring that communities directly benefit from clean energy infrastructure. 
3. We breezed past a new milestone for wind generation 
The UK achieved 30GW of wind capacity this year, following the successful powering of the 434MW Viking wind farm on the Shetland Islands in August. According to RenewableUK, 30GW is enough to meet the annual power needs of 26 million homes and can cut carbon emissions by more than 35 million tonnes a year. 
As one of the first companies to fund UK wind farms in the early 90s, we have long believed in the power of these mighty machines. And while this milestone feels like it’s been a long time coming for us, it’s a huge success for the industry – especially given the fact that it took 26 years to install the first 15GW of wind energy in the UK and that has now been doubled in just seven years. 
It’s proven that onshore wind is one of the cheapest ways to generate electricity today and therefore has a vital role to play in our transition away from fossil fuels. Now we have seen the de facto ban lifted in England, we hope to see many more wind projects making their way through planning and into development, as well as a renewed focus on repowering, which will see older sites that have reached the end of their life replaced with fewer, but more efficient, machines with the capability to generate more clean electricity.   
4. The UK became the first G7 country to fully divest in coal power 
In September, the UK closed its doors on its last coal plant at Ratcliffe-on-Soar &#8211; the first G7 country to completely phase out the use of coal for generating power. Ending over a century of burning coal to generate electricity, we have moved from coal accounting for more than 95% of the UK’s electricity generation to 0% today. In another positive announcement, the government recently confirmed that it will be introducing legislation that will ensure no new coal mining licences will be issued in future. 
5. Thrive kicked off celebrations for thirty years of funding and building clean energy projects
It wouldn’t be a 2024 round up if we didn’t celebrate one of our own significant milestones from this year – our 30th birthday. Since 1994, we’ve been committed to climate action, funding and building new clean energy projects that put people and planet at their heart.  
By working together, we’ve been able to achieve some great things, whether it be enabling the first commercial sized wind farm to transfer into community hands or investing in the UK’s first deep geothermal production plant. In total, we’ve built or funded 42 clean energy projects that have saved over two million tonnes of CO2 being released into the atmosphere. And we’re only just getting started. 2025 looks set to be another exciting year and we look forward to working with you – our Thrive community – to create a better, cleaner future for the generations to come.

Boosting Scotland's hydro capacity

We part funded the construction and early operation of a 2MW hydro-electric project in the Scottish Highlands.

Get in touch with a member of our investment team

Latest news

13 Jan 2025

19 Dec 2024

18 Dec 2024