02 Jun 2026
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
Thrive’s portfolio continued to perform well in 2025, generating over 134,000 MWh of clean electricity (enough to power over 40,000 average UK homes – the equivalent of a town the size of Southport) and delivering over 63,000 tonnes of emission reductions. In line with forecasts, profit levels returned to pre-energy crisis levels, with an operating profit of £3.6 million on a turnover of £21 million. £20.2 million of cash was allocated to building new clean energy projects across the UK and we also raised £2.5 million in crowdfunded capital in 2025, followed by a further £5 million bond raise in Q2 2026.
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.
“2025 saw us put the building blocks in place to continue growing our environmental and social impact in the years to come. In fact, we already have the projects we need to fulfil our growth ambition to double generation capacity by 2028. We acquired our first owned, ground mount solar farm, which had a particularly productive summer generating clean power for UK homes and business, and have several other milestone projects in development – including our Whitelaw Brae wind farm in Scotland. With the changing global environment making the need for change greater than ever, we remain resolutely focused on accelerating the roll out of new clean energy projects to reduce bills, create new green jobs and end the UK’s reliance on imported fossil fuels.”
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 here.
* Please remember that past performance cannot be relied on as a guide to future returns.
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