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Be part of the clean energy movement

The latest government statistics confirm renewables continued to rise, driven largely by record wind output last year. Here are the key takeaways:
⚡​Renewables generated 143.7TWh of clean power last year, up from 135.8TWh in 2023, accounting for 50.4% of UK’s electricity demand
⬇️​ Meanwhile fossil fuels fell to just over 31% of total generation, down from 36.7% the previous year
💡 Wind remained the UK’s leading clean power source, generating a record 83.3TWh – nearly 30% of total generation
With the government aiming to deliver a clean power system by 2030, we hope to see the rollout of renewables continuing to accelerate. We’re proud to play a part in helping the UK reach this target, as we continue expanding our fleet of wind and solar projects &#8211; most recently acquiring a 10MW solar farm in Essex that will help power over 4,400 average UK homes a year.
<a href="/projects" target="_blank" rel="noopener">Find out more about our latest projects</a>.

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As wind power took the lead!

Renewables reached record high in 2024

As a result, the company has recommended a final dividend of 12p per share for 2025. If approved at the AGM in June, it will be paid to shareholders in July 2026*.
Building blocks to continue growing our impact
One of the big highlights of the year was the addition of a 10MW ground mount solar farm in Essex, which we acquired through the Fair Play Clean Energy joint venture with TopCashback Group Ltd, supporting our diversification strategy as we look to derive value from across the technology mix.
We also celebrated the first investment by Community Energy Catalyst, our joint venture with Better Society Capital, with the community-owned turbine in Kilbirnie now generating clean power and unlocking a revenue stream to fund other local initiatives. This includes a new Employment Hub, offering employment and training opportunities for local people, sustainable transport opportunities and help to address health and educational inequalities locally, as well as upgrading local sports and recreational facilities.
Also in Scotland, we made significant progress on our largest project to date, a 57MW onshore wind farm, with the foundations for the 14 turbines now poured, and construction about to get underway. A further 25.1MW of wind is currently in development.
It was great to see these achievements recognised on a global stage too, with Thrive taking home the gold for Responsible Investor of the Year at Reuters Global Sustainability Awards in October.

As well as building and acquiring new projects, we are actively pursuing life extension and repowering opportunities across our older sites. In 2025, we announced our joint venture Burgar Hill Renewables (representing the local landowner), with plans to breathe fresh life into the Burgar Hill site – a pioneering testbed for onshore wind in the UK. Subject to obtaining necessary planning consents, the repowering project is expected to have an installed generation capacity of up to 30MW which would deliver an estimated £150,000 in annual community benefits each year.
In February we took a key next step in the proposed repowering project, with Burgar Hill Energy (the joint venture between Thrive and Burgar Hill Renewables) acquiring two Nordex N80 wind turbines that were previously owned by RWE.
Supporting local communities
As part of our mission to connect as many communities as possible with renewables, we are now pledging to provide an opportunity for the local community to purchase a share of every new project we acquire.
Through our Community Benefit Programme, we awarded £33,000 to eight community hubs across the UK – helping them to make important energy efficiency improvements such as lighting and heating upgrades, insulation, double glazing and more. Stuartfield Village Hall, based near our Clayfords wind turbine in Aberdeenshire, were one of the grantees from 2025. To help manage their energy costs, they used their £4,300 grant to overhaul their lighting system.
You can read our annual report in full <a href="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2026/05/Thrive_Annual-report-2025_Web-Final.pdf" target="_blank" rel="noopener">here</a>.
*  Please remember that past performance cannot be relied on as a guide to future returns.

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Beavers-47

As profit levels returned to pre-energy crisis levels in line with forecasts, we have already acquired the projects we need to meet our 2028 growth target. 

Annual results 2025: Acquisition of new projects and progression with development and construction of two onshore wind farms helping to lock in impact for next 30 years

This year’s Better Business campaign is focused on highlighting the need for modern business law to keep pace with a society that has evolved significantly over the past couple of decades. As you can see, we at Thrive have certainly changed a lot, but we remain true to our mission which is even more relevant in today’s volatile world.  
20 years Thrive-ing – 2006 vs 2026 
In 2006, we were growing a small but ambitious clean energy portfolio– having just purchased Caton Moor and Sigurd wind projects. In total the portfolio had a capacity of just under 23MW.  
Fast forward 20 years, Thrive has built and funded over 45 clean energy projects across the UK, including investing in pioneering projects like the UK’s first geothermal power plant and England’s largest onshore wind turbine. Today we have £121 million of assets under management, with a combined portfolio capacity of 175MW.

Modern business law isn’t keeping up 
It’s fair to say a huge amount has changed for our business and the wider sector too, but modern business law isn’t keeping up. Together with thousands of businesses across the UK, we’re supporting the Better Business Act campaign to change that by calling on the UK government to amend Section 172 of the Companies Act. This will legally require UK businesses to balance the long-term interests of people, planet, and profit.  
Why better business is better for business   
Having already embedded Section 172 into our Articles of Association, Thrive is living proof that it is possible to prioritise social and environmental impact alongside profit. We’re proud to be recognised in the top 3% of UK B Corps for our ongoing commitment to environmental and social justice.  
UK B Corps like Thrive have spent years proving that this type of governance doesn’t just benefit people and planet – it’s better for business too. B Corps’ turnover growth is almost 7 times higher than all UK SMEs, and over the past decade they have attracted 18% more growth funding from external investors than comparable UK businesses.   
On 9th June for Better Business Day, we’ll be joining the call for the government to upgrade to better business now. Find out how you can get involved with the campaign <a href="https://betterbusinessact.org/" target="_blank" rel="noopener">here</a>.

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Avonmouth flowers

 Thousands of UK businesses are calling on government to modernise business law so that all companies prioritise people, planet and profit.

2006 vs 2026 – Renewables have moved on, but according to the Better Business coalition the Companies Act is stuck in the past

There’s lots of buzz on site at the moment, with around 70 people a day working hard to unload the components as they arrive and get ready for the next stage of construction. The concrete bases for the turbines have already been laid ready for the tower sections, blades and other key components to be erected.   
Whitelaw Brae will make a crucial contribution to the rollout of clean, homegrown energy that the UK needs to boost energy security and help lower energy bills. Once operational, it will be capable of generating enough clean electricity to power around 45,000 average UK homes, delivering over 66,000 tonnes of CO₂ emissions reductions.   
We are committed to ensuring the project delivers more than just megawatts and benefits the local community, as well as nature on site. We aim to plant tens of thousands of native trees like birch and willow, and are planning to create a new network of paths through the site which will form part of the new River Tweed Trail. The project will also provide a community benefit fund of £285,000 a year and we are committed to offering an opportunity for the local community to purchase a stake in the project.   
We can’t wait to see the blades start spinning!

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