The capital raised will help fund two new wind farms in Scotland and Wales, and provide funding to enable communities to build and own their own local projects.

Thrive is one of the UK’s top crowdfunded companies, raising £63 million so far which we have used to fund 45 wind, solar and hydro projects across the UK. Backed by a community of over 6,000 shareholders, we enable individual and impact-driven institutional investors to put their money to work to make a difference and generate a fair return. This new bond offer will allow investors looking for both a financial and social return to back new renewable energy projects that help tackle the climate emergency and support local communities.

The five year bond has a minimum investment of £25, paying 5.5% gross interest per year, and is eligible to be held in the Triodos Innovative Finance ISA (IFISA), that allows interest to be received tax-free. Interest payments and repayment of capital are not guaranteed. Like all ISAs, the Innovative Finance ISA is subject to eligibility criteria and tax treatment depends on individual circumstances. ISA eligibility does not guarantee returns or protect consumers from losing their money.

In 2023 we announced our ambition to double generation capacity within five years, and we are already developing the projects we need to achieve this. Funds raised from the bond will help construct our largest project yet – a 14 turbine, 57MW onshore wind farm in the Scottish Borders. Once operational, the project will be capable of generating up to 149,400 MWh of clean electricity per year, the equivalent of powering around 45,000 average UK homes, and delivering 65,300 tonnes of carbon dioxide emissions reductions annually.

The bond will also help to fund the development of Abergorki wind farm in Rhondda Cynon Taf, South Wales. The three-turbine project is expected to begin operating in 2027 and will be capable of generating up to 40,000 MWh of clean electricity per year, the equivalent of powering over 12,400 average Welsh homes.