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With a range of shares available to purchase, investors were free to bid on as many or few shares as they liked. Bidding closed at 4.30pm and in total 51,842 shares were traded, all at £2.25 per share. This is within 1% of the Directors’ recommended share price and all sellers offering shares at £2.25 or below were cleared.

Latest news

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Building on the success of its inaugural share auction, Thrive Renewables’ latest trading day saw almost 52,000 shares changing hands at a price of £2.25 each.

Share auction continues to Thrive

Whitelaw Brae is the second project to be funded by Fair Play Clean Energy Ltd, Thrive’s joint venture with TopCashback Sustainability, which brings together a combined £80 million in capital to fund new clean energy projects in the UK. 
Once operational, the wind farm will be capable of generating up to 149,000 MWh of clean electricity per year – the equivalent of powering over 45,000 average UK homes – and delivering over 65,000 tonnes of CO₂ emissions reductions.
The transaction was advised by CMS (lenders), TLT (sponsors), Locogen and WTW (insurance).

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CREDIT I & H BROWN (1)

Debt funding has been agreed for the construction of our biggest project yet.  

Thrive secures funding facility with Triple Point to support the construction of Whitelaw Brae wind farm

Local Power Plan  
Community-owned energy has a huge role to play in a cleaner, fairer future and something we have long been supportive of, facilitating community ownership at our very first wind project back in the early 90s. Given the enormity of the challenge faced in transitioning our energy sector, we need everyone to be on board.  We feel that involving people in local energy projects is key to building collective buy in for this crucial change. But despite widespread support (62% would back a community-owned scheme in their area), projects face a myriad of challenges, from early-stage funding to grid connection queues and a shortage of skills and resources. A recent article in the <a href="https://www.newstatesman.com/spotlight/sustainability/energy/2025/11/reclaiming-community-energy-could-help-save-government" target="_blank" rel="noopener">New Statesman</a> summarises it perfectly – “the enthusiasm exists; the infrastructure does not”.  
But the topic of community energy is now gaining momentum, with much anticipation around the upcoming Local Power Plan – a policy document from the government-owned energy company, Great British Energy (GBE), which has the potential to turbocharge people-owned wind, solar and hydro. Teased in the <a href="https://www.gbe.gov.uk/strategic-plan-2025-html" target="_blank" rel="noopener">Government’s recent strategic plan</a>, GBE is pledging its support for over 1,000 local and community energy projects by 2030 in a bid to reshape how energy is generated and consumed at a local level. 
Expected in early 2026, the Local Power Plan will set out the ambition for this growth and “develop a range of interventions and products that address the unique challenges facing local and community energy […] and work to identify the common solutions that can be used as a platform for scaling up delivery”. We very much look forward to publication and hope to see a clear framework of how GBE plans to work with the private sector, which will be vital in providing the funding and expertise for development.   
Grid constraints 
Last year was the cleanest ever for UK electricity, with renewables generating over half of the UK’s electricity for the first time. To completely decarbonise the electricity system by 2035, we still need to see a massive scaling up of clean energy sources. We have seen good progress on this in 2025, but  grid constraints – i.e. the bottlenecks in the electricity network that prevents power flowing freely and efficiently – are still a challenge. It was great to see connections reforms introduced this year to give  the National Energy System Operator (NESO) authority to terminate ‘zombie’ projects (those that are stalled or non-viable) and prioritise those that are ready for development and align with the UK&#8217;s Clean Power Action Plan – like our Abergorki and Whitelaw Brae wind farms. In 2026, we expect to see the first projects to benefit from these reforms to come to fruition. On top of that, Ofgem recently announced £28 billion of investment into the UK’s energy infrastructure, helping to transform the grid, which was largely built in the 1960s, into a system that can keep up with the  modern demand for energy.  
Contracts for Difference  
In 2025 the government announced reforms to its Contracts for Difference (CfD) scheme aimed at boosting renewable energy deployment. The CfD is a mechanism which offers long term price stability for new renewable energy projects, commencing with an auction to ensure price stability is offered at an appropriate level. One of the key changes announced was that the contract length for solar, onshore wind and offshore wind will be extended from 15 to 20 years. This means that costs are spread over a longer period which provides greater revenue certainty &#8211; this in turn allows projects to access lower cost debt, which contributes to allowing renewables to continue to lower the cost of the power generated. Allocation Round 7 (AR 7) which opened in August 2025, is the first to operate under the new rules. We’re pleased to see repowered onshore wind projects made eligible for AR7 and future rounds as part of the changes as well.  This will strengthen the business case for repowering older wind farms, allowing them to benefit from technological advances, and produce more clean power. AR7 has a total budget of £310 million for onshore renewables – this is the maximum support the government would pay renewable energy generators if wholesale electricity prices dropped below the auctioned CfD price (offshore wind has a separate budget). With AR7 expected to be the biggest allocation round since 2014, we are waiting in anticipation for the results to be published in early 2026. We hope the results will support the capacity development needed if we are to meet 2030 clean power targets. 
… And for us it’s all about building new capacity 
Look out for exciting updates from the Thrive team next year as we make significant progress with some of our projects. Work on our 14-turbine Whitelaw Brae wind farm will really ramp up, following progress with access tracks and foundations in 2025, with commissioning expected to take place in late 2026. Once operational, it will be capable of generating enough clean electricity for around 45,000 homes a year. Construction is also set to start on Abergorki, our proposed 12.6MW wind project in South Wales, while we expect United Downs will be delivering 2MW of baseload electricity. We will also see more progress with Community Energy Catalyst, our £40 million joint venture with Better Society Capital to galvanise locally owned projects, with the first project in Kilbirnie expected to become fully operational.

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Chris Watt Photography_189

As we say goodbye to 2025, we’re heading into the New Year feeling hopeful of what’s set to be another exciting year of progress, not only for Thrive but the wider sector.

A new year is dawning, but what’s in store for renewables?

Misinformation and biases across politics, news and social media play a big role in driving scepticism and dampening the voices of the climate majority. If individuals feel they are in a minority they are less likely to speak up or act. And MPs are less willing to vote or advocate for green policies, stalling progress. So, how can we challenge misinformation and biases to become more united in tackling the climate crisis together? 
Share human stories that build trust 
Technical jargon around net zero and decarbonisation targets don’t resonate with most people. These terms can make climate change sound like a vague, abstract phenomenon, undermining its direct impact on our everyday lives. Instead, we need storytelling that people can see themselves in and connect with, such as community energy successes. Stories of communities coming together to build clean energy projects in their area demonstrate the real life benefits of the transition on people’s doorsteps – such as boosting local revenue streams and providing green jobs. They also show collective action in practice – communities across the UK right now are acting as agents in the climate emergency. The <a href="/project-funding/community-energy-groups/ace-case-study" target="_blank" rel="noopener">Ambition Community Energy wind turbine</a>, which Thrive is invested in, is a great example of this. As well as providing a new revenue stream to drive regeneration in the local area, plans for an Energy Learning Zone will inspire young people and upskill residents to pursue green careers.  
Combat misinformation 
Recently we’ve seen a surge in misinformation on the climate crisis across politics and media, from flat out denialism to misleading headlines about the cost of climate action. Whilst these voices might sometimes feel like the loudest in the room, let’s remember the 89% of us who disagree with them. The fight against climate misinformation is a global effort, but by  sharing our vision of a better future, we can make a difference; calling out false information and referring to trusted sources. The <a href="https://www.ipcc.ch/" target="_blank" rel="noopener">Intergovernmental Panel on Climate Change (IPCC)</a> is widely recognised as the most credible source of information related to the science of climate change. <a href="https://shareverified.com/" target="_blank" rel="noopener">Verified</a> is another great source for fact checking issues relating to the climate crisis – it is a United Nations initiative to provide accurate information during global crises. And Thrive has created our very own <a href="/news/2025/11/fact-vs-fiction-how-to-debunk-common-wind-and-solar-power-myths" target="_blank" rel="noopener">myth buster</a>, with tips on how to set the record straight on renewables.  
Connect and collaborate  
Simply telling people they’re part of a majority can help boost engagement with climate action. The more we talk about climate change with others, the more we can feel supported, and there are number of ways we can connect to increase collective action. Organisations like <a href="https://groups.friendsoftheearth.uk/join" target="_blank" rel="noopener">Friends of the Earth</a> and <a href="https://www.greenpeace.org.uk/volunteering/join-a-local-volunteer-group/" target="_blank" rel="noopener">Greenpeace UK</a> are a great place to start if you’re looking to find local climate action groups near you. Collaboration is the only way that we will tackle the climate crisis, which is why we bring together a range of individuals, businesses and communities to build clean energy projects, faster. Since building some of the UK’s first wind turbines in the late 90s’, together as a community we’ve built and funded 45 clean energy projects – generating over 2 million MWh of clean electricity. During that time, we’ve seen clean energy grow from the pursuits of a humble few to providing 60% of the UK’s electricity mix today. That’s the power of collective action.

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TIDE &amp; ISE 2018

89% of people around the world want more to be done to protect the climate. But we massively underestimate the level of support from others.

You are not alone – most people want climate action. So how can we become more united?

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