Our History

Thrive Renewables is established as the Wind Fund plc by Triodos Bank. At the time less than 2% of electricity was produced by renewables. 

Kyoto Protocol is signed.

Second share issue for the Wind Fund. We complete investments in Haverigg II (2.4MW) and the Beochlich hydro-electric scheme (1MW).

The Climate Change Levy (CCL), a tax on energy delivered to non-domestic users, is introduced in the UK .

The Renewable Obligation (RO) is introduced in the UK. This places obligation on licensed electricity suppliers to source an increased proportion of electricity from eligible renewable sources.

The Wind Fund plc becomes Triodos Renewable Energy Fund plc. We complete investment in E-Concern BV.

Launch of Triodos Renewables' third share issue. We acquire 'Gulliver' at Ness Point in Lowestoft.

Global Wind Energy Council is launched in Brussels.

Triodos Renewables exits from E-Concern BV. We purchase Caton Moor and Sigurd wind farms, with a combined capacity of 17.3MW. We invest in Connective Energy.

Triodos Renewables invests in Marine Current Turbines Ltd, the developer of SeaGen, the first tidal energy device developed in Bristol. An investment which is later sold to Siemens who brought the technical expertise to take the technology further.

The UK Government issues 'Meeting Energy Challenge' white paper.

Triodos Renewables' fourth share issue and raises a record amount of £9.9M to date.

The company's name changes to Triodos Renewables plc. Triodos Renewables acquires Wern Ddu Limited and construction of a 9.2MW wind farm begins in North Wales. Launch of Triodos Renewables’ fifth share issue – a shareholder offer and private placement which closed in January 2010 having raised £4.3 million.

The Feed-in Tariff is introduced in the UK. The solar industry takes off.

Triodos Renewables acquires Kessingland Wind Farm Limited and construction of a 4.1MW wind farm in Suffolk commences.

Triodos Renewables acquires Dunfermline Wind Farm (1.5MW). Launch of Triodos Renewables' sixth share issue - a public offer which closed in October 2011 having raised £6.4 million

Triodos Renewables acquires Eye airfield in Suffolk and commences construction of 5MW wind farm.  Launch of Triodos Renewables' seventh share issue on 9 July 2012. The share issue closed in October 2012 and raised £3.5million. Triodos Renewables acquires the Avonmouth wind turbine project and commences construction of 8.2MW wind farm.

The two wind turbines at Eye are connected to the grid and generation commences in March 2013. Triodos Renewables acquires 24.9% of a 10MW operational windfarm in Ransonmoor, Cambridgeshire on 30 June 2013. The Avonmouth project commences generation in November 2013. Triodos Renewables acquires the rights to the Greenvale project in March, Cambridgeshire in November 2013.

Onshore and offshore wind industry crosses 10GW installed capacity threshold in the UK – enough to power more than 5.5 million homes. Energy Act 2013 introduces a number of mechanisms including Contract For Difference (CFD) and Capacity Mechanism.

In February 2014 Triodos Renewables acquires a 55% stake in Boardinghouse wind farm, a 5 turbine site in Cambridgeshire.

Triodos Renewables' eighth share issue closed in January 2015 having raised a further £4.1million. This is quickly deployed in acquiring a further stake in Boardinghouse and completing construction of our two projects in Aberdeenshire at Auchtygills and Clayfords.In November, Triodos Renewables provides a mezzanine loan to fund the construction of 6.9MW Gevens Wind Farm in Scotland

The newly elected Conservative government announces a number of radical changes to UK subsidy and planning processes around renewables including an early end to the Renewables Obligation scheme and removal of the Climate Change Levy Exemption Certificates

On 1 March 2016 Triodos Renewables changed its name to Thrive Renewables as part of a transition which made the company fully independent of Triodos Bank. Thrive Renewables launches its first successful £3M bond offer in May which completes in four weeks. We launch a joint venture with GreenPower to acquire Drumduff wind farm, a three-turbine wind farm in Scotland .

Brexit referendum. Through the agreed UK Government 5th Carbon Budget, there's continued commitment to renewables. Paris Climate Change deal ratified by 146 countries.

Financial close achieved on Drumduff wind farm and construction commences. Thrive's Bond Plc raises a total of £10M. Thrive invests for the first time in Solar PV supporting a community energy initiative.

Drumduff Wind Farm, built on the site of an old open cast coalmine near Edinburgh, is officially opened.

Renewables broke new records, delivering a third of all UK electricity generation.

Two wind farms successfully sold, releasing £11 million for investment in new clean energy projects.

Thrive makes an investment into the development of Chapelton wind farm, securing planning and land rights for a three-turbine wind farm which will have a capacity of around 2.7MW and will operate without government subsidies.

Thrive invests in United Downs, which will be the UK’s first deep geothermal electricity power plant, located in Cornwall.

Thrive commissions first battery storage project outside Milton Keynes. The 5MW site stores and delivers 1.49 hours, or 7.45MWh, of electricity to increase the amounts of renewables available on the grid.