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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>.

Details of the resolutions passed at each meeting can be found by looking in the AGM Notice for that year.
28 June 2024
<ul>
<li>All resolutions approved by majority</li>
</ul>
30 June 2023
<ul>
<li>All resolutions approved by majority</li>
</ul>
28 June 2022
<ul>
<li>All resolutions approved by majority</li>
</ul>
21 June 2021
<ul>
<li>All resolutions approved by majority</li>
</ul>
29 June 2020
<ul>
<li>All resolutions approved by majority</li>
</ul>

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Thrive renewables open day in Avonmouth. September 2022.

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From onshore wind and solar to geothermal, our diverse portfolio of clean energy projects spans the whole UK.

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Before heading to site, local people could meet the Thrive team and get to know the 30-year history of the project at the nearby Victoria Institute, where there were lots of family activities including face painting, crafts and more.
The day before, we visited local schools in Caton to deliver an interactive learning session all about renewable energy, before heading onto site for the children to see the wind turbines in person &#8211; bringing what they had just learnt to life.

We’d like to say a massive thank you to everyone who came to our open day and all the local organisations involved in making the day a success, with special thanks to the Victoria Institute and Caton WI for their involvement. Below are just some of the brilliant moments captured from the event.

Member of Thrive team showing visitors round the Caton Moor site

Local residents at The Victoria Institute

Member of Thrive team engaging local child in wind-themed arts and crafts

Two visitors with Caton Moor wind turbines in the background

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chris-watt-photography_318

Chris Watt Photography_318

We invited local school children and residents to see up close how a wind farm helps power our everyday lives. 

Bringing wind power to life at Caton Moor open day

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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<img loading="lazy" decoding="async" class="aligncenter wp-image-7162 size-large" src="/wp-content/uploads/2024/07/4-1024x694.jpg" alt="" width="1024" height="694" />

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>

Shareholder information

We welcome feedback from our investors and provide detailed information in a timely manner and in line with our statutory requirements.

The results of shareholder voting on company resolutions at our Annual General Meetings and General Meeting are shown here.

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