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From South Cornwall to Orkney, from onshore wind and solar to geothermal, our diverse portfolio of clean energy projects spans the whole of the UK.

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Thrive exists to tackle the climate emergency, working with investors, developers, businesses and communities to fund, build and operate clean energy projects since 1994.

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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.

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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

In the year we celebrated 30 years building and funding clean energy projects, it was special to acquire the rights to our biggest project yet. Construction has started on a 57MW wind farm in the Scottish Borders, which will generate enough power to meet the needs of over 45,000 average UK homes a year once operational.
The project was acquired with the support of our new match funding partner, TopCashback Sustainability Ltd. Fair Play Clean Energy, Thrive’s joint venture with TopCashback Sustainability brings together a combined £80 million in capital to fund new clean energy projects in the UK. An additional £20 million in match funding has also been secured to fund community owned wind and solar via our partnership with social impact investor, Better Society Capital, ensuring ordinary people can own and benefit from their local projects.  The two funding relationships allow Thrive to accelerate the scale of impact deliverable.
Last year we also acquired the rights to the 12.6MW Abergorki wind farm in South Wales which is due to start construction this summer.
With 40MW of new capacity added to our development pipeline in 2024, plus a further 35MW of match funded development capacity, we are well on track to achieve our goal to double generation capacity by 2028.
We recently launched a new share offer to help fund these new projects. More details are available on the <a href="https://www.triodoscrowdfunding.co.uk/invest/thrive-renewables" target="_blank" rel="noopener">Triodos Bank crowdfunding platform</a>.

Supporting communities near our sites remains a crucial part of our social impact work. Through our annual Community Benefit Programme, last year we awarded £33,000 in energy efficiency grants to community centres close to our clean energy projects. The grants have enabled important community hubs to make energy efficiency improvements, such as insulation and draught proofing that help cut carbon and costs.
We were also pleased to celebrate our 30th birthday with many of you at our open day at Caton Moor wind farm in September.
You can read our annual report in full <a href="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/Thrive_Annual-report_2025_Web_Final.pdf" target="_blank" rel="noopener">here</a>.

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Highlights from our annual results.

Thrive announces £11.3 million operating profit for 2024 – with £20.6 million cash allocated to build new clean energy projects

In recent months, the leader of the opposition, Kemi Badenoch, has claimed that net zero cannot be achieved by 2050 &#8220;without a serious drop in our living standards or by bankrupting us&#8221;. And now we’re watching on as newly elected Reform councils promise to block any net zero and renewable infrastructure plans, with little thought to the <a href="https://www.theguardian.com/politics/2025/may/07/reform-uk-green-energy-assault-lincolnshire-jobs-risk">£1 billion in local investment and more than 12,000 jobs that will be put at risk</a>.
It&#8217;s something that – over our thirty years working in renewables – we’ve seen time and time again. The clean energy movement has always been targeted by a very noisy minority, but it doesn’t mean that progress has not been made. To the contrary, 2024 was the first full year in which renewables generated over 50% of the UK’s electricity and we’re now <a href="https://www.gov.uk/government/news/uk-half-way-to-net-zero">halfway to net zero as emissions have been cut by over 50% compared to 1990 levels</a>. That is something to be celebrated. We also know that most people are in favour of net zero, with 82% of the population on board with using renewables such as wind and solar to provide electricity, fuel and heat.
Despite some political parties suggesting that action on climate change is not possible without harming ordinary people, what’s abundantly clear is that inaction is already causing us harm. Instead, a just transition will ensure that the move to a decarbonised energy system happens with people, and not to people.

On a political level, we want to see people put at the heart of net zero plans, from energy efficient housing and support for local projects to upskilling and training for oil and gas workers navigating the transition. In fact, <a href="https://www.theguardian.com/environment/2025/may/12/uk-windfall-tax-fund-switch-green-jobs-north-sea-oil">new research has found</a> the making UK’s windfall tax on oil and gas producers permanent would generate vital funds for the shift to a low carbon economy, including a training fund for oil and gas workers.
On a business level, there’s several ways we’re contributing. For starters, we’ve invested over £21 million in community energy projects – like England’s largest, 100% community-owned wind turbine in our home city of Bristol. Not only do community energy projects generate clean power and contribute to our wider net zero targets, but they also provide community groups with income that can be used to fund other important initiatives. As well as supporting communities to own and operate their own projects, we recently announced our commitment to offering the local community an opportunity to own a stake in our future projects. Shared ownership arrangements like this are a real example of communities and businesses working together to achieve a common goal.
Our community benefit programme also provides energy efficiency grants to the communities living close to our sites, helping important shared buildings stay warmer and cheaper to run during the winter. Since 2016, we’ve awarded 70 grants to 58 community buildings, totalling over £225,000 nationally.

We share our thoughts on why there's still power in uniting to tackle the climate emergency.

Net zero: The power of together in a time of division

Once commissioned, the project will be capable of generating up to 14,500 MWh of clean electricity per year, the equivalent of powering over 4,390 average UK homes [1], and delivering emissions reductions of 6,337 tCO2e [2]. We will also be offering an opportunity for shared ownership, with the local community able to own up to a 10% stake.
Acquired from the original developer, PS Renewables, Dunmow is the third project to be funded by Fair Play Clean Energy Ltd, our joint venture with TopCashback Sustainability, which brings together a combined £80 million in capital to fund new clean energy projects in the UK.
It is also Thrive’s first, wholly owned ground mount solar project and forms part of our ambitious growth plans to double the generation capacity of our portfolio by 2028. We recently announced that we have already made significant progress with this goal, securing new project development rights that will take our total capacity from 91.5 to 170.1MW by 2027.
The project already has a biodiversity management plan in place, with measures such as wildflower grassland creation and hedgerow enhancement expected to result in a significant ‘biodiversity net gain’ (+65% for habitat units and +19% for hedgerow units), exceeding the typical minimum 10% threshold set by planning authorities in England. We will also be investigating what additional voluntary actions we could implement to further enhance these existing habitat management commitments.<a href="#_ftnref1" name="_ftn1"></a>

[1] Based on a P50 of 14,500 MWh and calculated using the most recent statistics from the Department for Energy Security and Net Zero showing that UK average domestic household consumption is 3,301 kWh per annum (<a href="https://assets.publishing.service.gov.uk/media/6763dd7ebe7b2c675de30820/Subnational-electricity-and-gas-consumption-summary-report-2023.pdf" target="_blank" rel="noopener">https://assets.publishing.service.gov.uk/media/6763dd7ebe7b2c675de30820/Subnational-electricity-and-gas-consumption-summary-report-2023.pdf</a>)
[1] Based on a P50 of 14,500 MWh and calculated using DESNZ’s “all non-renewable fuels” emissions statistic of 437 tonnes of carbon dioxide per GWh of electricity supplied in the Digest of UK Energy Statistics (July 2024) <a href="https://www.renewableuk.com/energypulse/ukwed/">https://www.renewableuk.com/energypulse/ukwed/</a>

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