Thrive Renewables Directors' Valuation increases to £2.43 per share

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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 October 2023. A combination of factors including the completion of several new deals, such as our £20 million investment in Ethical Power, updated power price projections and new fixed power price agreements have led us to update the valuation of the company. We have made an 8p increase in the Directors’ Valuation, up 3% from £2.35 to £2.43 per share.

The Directors’ Valuation was last reviewed in July 2023 and went unchanged.

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.