15 May 2025
Let the sun shine…We’ve acquired a 14MW ground mount solar farm!
Thrive has acquired the 14MW Dunmow solar farm in Essex, with construction of the project now complete and operations expected to start in May.
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.
“Solar power has a huge role to play in the fight against the climate emergency. Not only is it one of the cheapest ways to generate electricity today, it’s also one of the quickest to deploy, which means more homegrown, clean power for homes and businesses across the country. Although Thrive has invested in ground mount solar via partners such as Ethical Power, this is the first solar farm that we will own and operate. We’re excited to further diversify our portfolio, drawing value from across the technology mix as we support the UK’s transition to a more resilient, sustainable and secure energy system.”
“We are pleased to have completed this transaction with Thrive Renewables and to begin a relationship that will undoubtedly support the UK’s clean energy ambitions. Our team takes great pride in delivering high-quality, reliable renewable energy projects, and we look forward to working together to accelerate the transition to a low-carbon future.”
[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 (https://assets.publishing.service.gov.uk/media/6763dd7ebe7b2c675de30820/Subnational-electricity-and-gas-consumption-summary-report-2023.pdf)
[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) https://www.renewableuk.com/energypulse/ukwed/
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