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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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Be part of the clean energy movement

Thrive was honoured to be awarded Net Zero Developer at the awards for a second time. And it’s particularly special to be recognised by the judges as “a true exemplar of the energy transition” in our milestone 30th birthday year. Hear our reflections on three decades in the sector in<a href="https://www.regen.co.uk/insights/thrive-renewables-regens-net-zero-developer-2025" target="_blank" rel="noopener"> our blog with Regen.</a>

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Caton multiple turbines

After being awarded Net Zero Developer at Regen’s Green Energy Awards, we reflect on 30 years of bringing together people, proven technology and a pioneering approach to accelerate the rollout of renewables.

Thrive Renewables: Regen’s Net Zero Developer 2025

An expansion of the highly respected Global Good Awards, these new award categories recognise the role of financial sector leadership in sustainable and ethical practices.
One of the comments from the judging panel included:
“It is inspiring to see how the team at Thrive Renewables has developed and funded community energy projects in partnership with others, often in the face of headwinds for the sector. It is also impressive to see how Thrive has sought to support the wider sector by producing guidance for community energy projects. The team deserves recognition for its achievements in enabling renewable energy projects of various kinds through its innovative approach to financing.”
As you may have seen from <a href="/news/2025/09/half-year-results-2025-strong-progress-made-on-growth-plan">our recent half year results</a>, we’ve had a particularly busy 12 months. This includes the acquisition of three new projects, including our biggest project to date – a 57MW onshore wind farm in Scotland, and partnering with Better Society Capital on a £40 million joint venture to fund community-owned wind and solar projects.

The evening was a brilliant celebration of sustainable business, and we were so inspired to hear about the other brilliant companies and initiatives recognised on the night (shout out to our friends over at Triodos Bank UK which took home gold for Finance Trailblazer of the Year!). It was also great to see the awards living and breathing its values, maintaining its seven-year tradition of exclusively plant-based catering, encouraging preloved attire, and actively discouraging air travel for attendees wherever possible.
Since 2018, the Global Good Awards has maintained its &#8216;Outstanding&#8217; accreditation from the Awards Trust Mark – the first awards programme globally to achieve this distinction – reflecting its dedication to the highest standards of integrity and openness.

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Meet our award-winning team! Recognising the role of sustainable finance at the Global Good Awards

The report comes as the world recognised Global Goals Week last week, an event aiming to drive action, awareness, and accountability around the United Nation’s Sustainable Development Goals (SDGs).
What are the SDGs? 
Adopted by all United Nations member countries in 2015, <a href="http://sdgs.un.org/2030agenda">the 2030 Agenda for Sustainable Development</a> provides ‘a shared blueprint for peace and prosperity for people and the planet, now and into the future’. Centred around 17 Sustainable Development Goals (SDGs), it acts as an urgent call for action by all countries as part of a global partnership, focusing on issues such as hunger, education, affordable and clean energy and industry, innovation and infrastructure.
“The goals recognise that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality, and spur economic growth – all while tackling climate change and working to preserve our oceans and forests.”
A central commitment of the SDGs is to Leave No One Behind, ensuring that development progress reaches the most vulnerable and marginalised populations. The UK Government is responsible for achieving these goals domestically and for supporting their attainment internationally.
How is the world progressing with SDGs?
Every year, the UN Secretary General presents an annual SDG Progress report, based on the global indicator framework and data and information collected at a national and regional level.
Unfortunately, <a href="https://unstats.un.org/sdgs/report/2025/The-Sustainable-Development-Goals-Report-2025.pdf">according to the 2025 report</a>, the world remains far off track from achieving the 2030 Agenda, with 48% of targets assigned to the SDGs showing insufficient progress. It is positive to see considerable progress on Goal 7 – affordable and clean energy – however, with global electricity access reaching 92% in 2023, up from 84% in 2010.  Renewable energy is also the fastest-growing energy source today and is projected to overtake coal as the world’s top source of electricity by “2026 at the latest”, according to <a href="https://www.carbonbrief.org/iea-renewables-will-be-worlds-top-power-source-by-2026/">new forecasts from the International Energy Agency</a> (IEA).
Although more needs to be done to accelerate renewable deployment globally, with a particular focus on how we ensure that the disparities between developed and developing countries do not deepen further, the report concludes that “transformation is possible when we combine proven strategies with political courage and adequate resources. The SDGs remain as vital and achievable as ever, but only when we match the ambition of the 2030 Agenda with the urgency and unity this decisive moment demands.”
How is Thrive delivering against the SDGs? 
As an impact-driven business, we are always looking at how we can be a force for good. Thrive was set up in 1994, putting money to work build new sustainable energy projects and empower people to take action to address the climate emergency.
To keep us accountable, we measure our impact using the SDG Action Manager, developed by the United Nations Global Compact and B Lab, which oversees the B Corp certification. The tool enables us to analyse operations, policies and business models in terms of both positive impact and risks relating to the SDGs most relevant to the business. Below is an overview of our performance for the last full year.
<img loading="lazy" decoding="async" class="aligncenter wp-image-8684 size-full" src="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/SDG-graph.png" alt="" width="1660" height="1028" srcset="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/SDG-graph.png 1660w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/SDG-graph-300x186.png 300w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/SDG-graph-1024x634.png 1024w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/SDG-graph-768x476.png 768w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2025/05/SDG-graph-1536x951.png 1536w" sizes="auto, (max-width: 1660px) 100vw, 1660px" />
In 2024, Thrive continued to perform above average across all the UNSDGs that are relevant to our business. Compared to the UK average, our score is particularly high for five of these goals reflecting the core purpose of the business – funding and building clean energy infrastructure to help tackle climate change. We also performed above average for SDG 16 ‘Peace, justice and strong institutions’, reflecting our commitment to business as a force for good, incorporating transparency, robust reporting and high standards of governance.
We believe that we must all play our part in the transition to a cleaner, fairer future and would encourage other businesses to explore how they can accelerate action, scale and the mainstreaming of best practices, innovation and ambition to support the achievement of the SDGs.

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Thrive Renewabls staff portraits at Avonmouth. October 2023.

Celebrating Global Goals Week – “transformation is possible”

Half year operating profit was £3.9 million on a revenue of £9.4 million (41%), including the contribution from investments. This is compared to an operating profit of £7.4 million on a revenue of £14.6 million (50.6%) in the first half of 2024. The decrease in turnover and operating profit is the result of lower electricity prices, which are now returning towards pre-energy crisis levels.
Diversifying the portfolio 
We continued to make strong headway on our growth plan to double generation capacity by 2028. Development of the two onshore wind farms we acquired in 2024 is well underway and earlier this year we acquired a 10MW ground mount solar farm in Essex. Dunmow solar farm is now operational, making the most of the sunshine we’ve experienced this summer. The site generated enough clean electricity to power over 8,000 homes in June, a very sunny month.
As well as acquiring new projects we’re committed to extending the life of our oldest assets. We’re pleased to be partnering with Burgar Hill Renewables to repower a wind project on Orkney, with plans to replace five of the current turbines (including our Sigurd turbine) with four larger and more efficient machines – harnessing the abundant natural resources at one of the best sites for wind generation in Europe.
Accelerating the energy transition through collaborative funding
We’ve always been big believers in community energy, investing over £21 million to date in community-led wind and solar. Now we’ve launched a £40 million funding partnership with Better Society Capital, the UK’s leading social impact investor, to offer flexible funding for community groups to build their own clean energy projects or take a stake in part of a larger project in their area. Fair Play Clean Energy, Thrive’s existing joint venture with TopCashback Sustainability Ltd, will provide £20 million of the investment, with Better Society Capital providing matched funding.
We’re also pledging to provide an opportunity for the community to own a share of every new project we acquire. Following through on that promise, we recently welcomed Community Energy Pathways and members of the local community to our Dunmow solar farm, who are helping us shape how shared ownership could work on this particular project.
Building a cleaner, fairer future for communities
For nine years we’ve been awarding energy efficiency grants to community centres near our clean energy projects – helping them become warmer, cosier and cheaper to run. The latest round of our Community Benefit Programme launched in August 2025 with grantees to be announced this Autumn.
In celebration of our 30th anniversary, this year we’re making an additional £30,000 available to help install solar panels on two community buildings close to our sites. This will be administered with the help of Centre for Sustainable Energy, which also runs our Community Benefit Programme.
Thrive’s mission is to create a cleaner, fairer future for generations to come. Earlier this year we were excited to get a small glimpse of what that future might look like. We welcomed the renowned food writer and environmental campaigner, Hugh Fearnley-Whittingstall, to our Avonmouth wind farm to film an advertisement with local children, exploring the extraordinary power of wind and sunshine. Watch the video below.

Ad- Watch as the renowned food writer and environmental campaigner is joined by local primary school children on site to explore the power of wind and sunshine – and have some fun along the way!

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School trip to the future with Hugh Fearnley-Whittingstall

[1] Refers to Thrive’s impact portfolio – total electricity generation of the portfolio adjusted for Thrive’s proportion of ownership, plus the projects Thrive is funding
[2] Calculated using the most recent statistics from the Department for Energy Security and Net Zero (DESNZ) showing that UK average domestic household consumption is 3,301kWh per annum (1,650kWh for a half year)
[3] Carbon reduction is calculated by multiplying the total amount of renewable electricity generated by Thrive’s impact portfolio in the first half of 2025 by the number of tonnes of carbon which fossil fuels would have produced to generate the same amount of electricity. We have used DESNZ’s “all non-renewable fuels” emissions statistic of 437 tonnes of carbon dioxide per GWh of electricity supplied from the Digest of UK Energy Statistics (July 2024) Table 5.14 (“Estimated carbon dioxide emissions from electricity supplied”). Additionally, we include a conservative estimate of the carbon saved through operating our BESS projects.
[4] Based on June generation figure of 2,230 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 (275 kWh for 1 month) (<a href="https://assets.publishing.service.gov.uk/media/6763dd7ebe7b2c675de30820/Subnational-electricity-and-gas-consumption-summary-report-2023.pdf">https://assets.publishing.service.gov.uk/media/6763dd7ebe7b2c675de30820/Subnational-electricity-and-gas-consumption-summary-report-2023.pdf</a>)

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HY report cover 2

We’re continuing to diversify the portfolio with the addition of a 10MW solar farm and new collaborative funding facility for community energy projects.

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