16 Jul 2026
New funding from institutional investors brings total bond raise to £7 million
Thrive’s 2026 bond offer has closed with a total of £7 million raised for new clean energy projects. After reaching our £5 million crowdfunding target in April, a second offer for institutional investors remained open and we’re thrilled to have welcomed new investment via The Archbishops’ Council Social Impact Investment Programme and Rathbones Ethical Bond Fund.
This means we have now raised over £70 million to date (most of that via crowdfunding), empowering thousands of people to take a stake in clean energy projects that tackle climate change and benefit communities.
Triodos Bank UK’s corporate finance division acted as lead adviser and promoter in respect of the bond offer, with the retail portion raised through the Triodos Bank crowdfunding platform.
“For more than 30 years, Thrive Renewables has been an innovator in developing and operating clean energy projects across the UK, while creating opportunities for communities to participate in and benefit from the energy transition. We are delighted to support Thrive’s ambition to double its clean energy generation capacity by 2028, advancing the Church’s commitment to protecting our planet for future generations.”
“Thrive Renewables’ strong track record in delivering environmentally and socially impactful clean energy projects closely aligns with Rathbones’ responsible investment principles, ensuring that the companies we invest in operate in the long-term interests of shareholders. We are pleased to be able to support Thrive’s mission to empower people to take action to address the climate emergency, whether it’s through the facilitation of community energy or innovative projects like the UK’s first geothermal production plant.”
The capital raised will support the development and construction of two new wind farms in Scotland and Wales and provide funding to enable communities to build and own their own local projects.
Construction is already underway at Whitelaw Brae wind farm in the Scottish Borders, which – with 14 turbines and 57MW capacity – is our biggest project to date. Once operational, it 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 65,000 tonnes of carbon dioxide emissions reductions annually.
Funding will also be used for the development of Abergorki wind farm in Rhondda Cynon Taf, South Wales. The three-turbine project is expected to begin operating in 2028 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.
We are continuing to make an impact by investing in community energy, with capital also going into community-owned wind and solar, providing the flexible funding to get local projects built and operational. Last year we announced our new joint venture, Community Energy Catalyst (CEC), which will invest up to £40 million in new community projects, and have committed to offering community groups the opportunity to buy a share of any new projects we acquire.
“We’re hugely grateful for the support from Rathbones and The Archbishops’ Council as part of our latest bond offer, with their investment playing an invaluable role in the next stage of our growth journey. Having announced our ambition to double our generation capacity by 2028, we already have the projects we need to achieve this, with two large onshore wind farms currently in development as well as a pipeline of community energy projects via Community Energy Catalyst. Since our first wind farm in the early 90s, we have focused on bringing people along with us on the journey and we’re looking forward to continuing that, funding and building new clean energy projects that make a genuine impact – not only financially but environmentally and socially too.”
Latest news
16 Jul 2026
New funding from institutional investors brings total bond raise to £7 million
Read more
30 Jun 2026
We’re in the clean energy era – here are the facts to prove it.
Read more
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
Read more