Investors back renewables in bid to solve energy and climate crisis Research released as Thrive’s share offer reaches £5 million

  • Posted: 15 Sep 2022

UK retail investors are deeply concerned about the climate and energy crisis and want to take matters into their own hands by investing in renewables to find long-term, sustainable solutions, according to our new research.

Please note the share offer closed on 10 October 2022 and is no longer available. 

 

The new polling, undertaken by Opinium Research, surveyed 1,000 UK retail investors alongside 2,000 people from the general population. The findings show that seven in 10 investors (69%) think we should increase the amount the UK invests in renewable energy, despite the position of the new Prime Minister, who has indicated that she will restrict development in renewables.

Specifically, 65% of retail investors support more solar energy projects in the UK, which rises to 78% of seasoned investors that have been investing for 10 years or more. Meanwhile, 62% support more onshore wind projects (rising to 72% of experienced investors).

FUTURE-THINKING INVESTORS FUNDING RENEWABLES THEMSELVES

8 in 10 investors (81%) say they are concerned about the long-term implications of the energy crisis, with many (57%) wanting to use their investing power to help bring down energy costs for all. Over half (56%) say that, as an investor, they feel a responsibility to use their investments to help the UK achieve its net-zero carbon goals.

Prompted by this desire for positive change in the energy sector, nearly six in 10 investors (57%) have recently, or plan to, increase their investments in renewables. This attitude, in support of investing in renewable energy, is shared by the UK population as a whole, with two-thirds (66%) wanting investment in renewables to increase.

THRIVE'S CROWDFUNDING CAMPAIGN REACHES £5 MILLION

Our current share offer provides further proof of public support for investing in renewables. We have now raised more than £5 million from over 1,000 investors to fund new renewable energy generation and storage projects across the UK. We are aiming to raise a total of £7 million. The offer is promoted by Triodos Bank UK through its crowdfunding platform (find out more here) with a minimum investment of £94 (40 shares). As with all investments, returns are not guaranteed, and investors may not get back all, or any, of their original investment.

“I first invested in The Wind Fund in March 1999 and have added to my portfolio over the last 23 years when I could. In a response to your current offer document I have in fact made two 1000 share investments. And why do I invest in Thrive? Well, of course there is both climate change and also the evidence that your company takes its ethics very seriously. But additionally, there is the diversification of the investments in green, clean energy production.” – Chris Williams, Thrive shareholder

“In the midst of climate breakdown and an energy crisis, it has never been more important for the UK to invest in the renewable electricity generation needed to transition away from fossil fuels and deliver on this country’s net-zero carbon goals. Wind and solar power are now by far the cheapest way to generate electricity, so they have a major part to play in bringing down energy bills for consumers.” – Matthew Clayton, Managing Director, Thrive Renewables

“UK investors want to use their money to support positive environmental change, and channel their concern for the energy crisis into long-term solutions that aim to reduce the UK’s dependence on fossil fuels. Through crowdfunding campaigns such as the Thrive share offer, we can enable even more people to access impact investment opportunities.” – Whitni Thomas, Head of Corporate Finance, Triodos Bank UK