Thrive Renewables Directors' Valuation remains at £2.43 per share

Our mission is to connect as many people as possible with clean energy, which is why we are proud to have a large and diverse shareholder group. Because of this we also have a responsibility to disclose when a material event – or combination of events – impacts the value of Thrive as a company.

The Directors' Valuation was reviewed by the board in January 2024. A combination of positive and negative factors including the commissioning of our 20MW Bristol battery, the completion of several new deals and updated power price projections were considered. Having reviewed all the factors, the board agreed the Directors’ Valuation will remain at £2.43 per share.

The Directors’ Valuation was last reviewed in October 2023, increasing by 3% from £2.35 to £2.43 per share.

Our projects benefit from a range of power sales contracts which include price floors, fixed pricing and inflation linked elements, as well as government backed renewable electricity support mechanisms. To estimate the long-term dividend flow from our projects, we combine the prices we have agreed in power sales contracts, wholesale electricity market prices in the immediate and medium term and longer-term projections which are provided by market leading experts.