News

29 Aug 2025

Community Energy Catalyst makes first investment

Kilbirnie community owned wind turbine is the first project to be funded by our new joint venture with the UK’s leading social impact investor, Better Society Capital.
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Article written by anna.cooper

Community Energy Catalyst (CEC) has invested in its first project, taking over Thrive’s £4 million loan to ATTIX CIC to fund the construction and operation of the 2.5MW community-owned wind farm in Kilbirnie, Scotland. Thrive initially invested into the project in 2023 and the loan was transferred to CEC in July 2025.

Soon to become operational, the turbine will be Scotland’s first subsidy free, 100% community owned wind turbine, capable of generating over 7,000 MWh of clean electricity a year – enough to power more than 2,000 average UK homes. Profits from electricity sales will be reinvested back into the local area, helping to drive regeneration. Plans are already in motion to refurbish a central community hub, the Knox Institute, which aims to provide educational and recreational facilities for local people.

Kilbirnie is the first of many projects intended to be funded via the Community Energy Catalyst (CEC). The joint venture was formed to enable us to help more communities to build their own clean energy infrastructure or secure stakes in larger regional renewable energy schemes. 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.

“It’s brilliant to see the Community Energy Catalyst in action for the first time, helping a landmark community project in Scotland get off the ground. Community energy schemes play an integral role in empowering local people in the energy transition, but at the moment only 0.5% of the UK’s electricity is generated from such projects. Through CEC we hope to help significantly increase that figure, enabling more community projects – just like Kilbirnie wind turbine – to come to life in communities across the UK.”

Monika Paplaczyk, Chief Investment Officer, Thrive Renewables

“At Better Society Capital we are on a mission to ensure that the transition to net zero by 2050 is an equitable one – one which involves all of society. The Kilbirnie investment demonstrates the power of community energy projects in helping drive a just transition in the UK, increasing the supply of clean energy whilst at the same time catalysing local economic growth and prosperity. We look forward to the turbine becoming operational and seeing the community’s plans for the reinvestment of profits come to fruition, with further recreational facilities for local people.”

Joe Shamash, Investment Director, Better Society Capital

Image credit: UAV360

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