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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. <a href="/risk-summary/" target="_blank" rel="noopener">Take 2 mins to learn more</a>.

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kessingland

Latest news

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.
<a href="https://www.triodoscrowdfunding.co.uk/invest/thrive-renewables-plc-2026" target="_blank" rel="noopener">Find out more and invest</a>
You will need to register for Triodos Bank’s crowdfunding platform to access the offer document.
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.

In 2016 Thrive raised £13 million through two bond offers – one of which was the UK’s first bond offer to be made available through an Innovative Finance ISA (IFISA). Projects funded by the offers are still generating clean electricity today, with both bonds repaid as planned in 2021 and 2024.
Now open, our first bond offer since 2016 will help us build new wind farms that will help sustainably power the equivalent of over 57,000 more homes.

<ul>
<li>Target amount: £5 million as part of a wider £10 million raise</li>
<li>Term: Five years with 5.5% gross interest, paid annually in arrears. Payment of interest and repayment of capital are not guaranteed.</li>
<li>Minimum investment: £25</li>
<li>Closing date: 16 April 2026, unless fully subscribed earlier or the offer is extended</li>
<li>Offer document: <a href="https://www.triodoscrowdfunding.co.uk/invest/thrive-renewables-plc-2026" target="_blank" rel="noopener">triodoscrowdfunding.co.uk</a> (applications only via platform)</li>
<li>Eligible to held in a Triodos Innovative Finance ISA, which means that interest would be paid gross. 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.</li>
</ul>
<a href="https://www.triodoscrowdfunding.co.uk/invest/thrive-renewables-plc-2026" target="_blank" rel="noopener">Find out more and invest</a>

Key terms of the bond

You should read the offer document in full—including the risks section—before deciding whether to invest. Investing in the bond is not the same as depositing money in a bank account as your capital is at risk and you may not get back the full amount that you invested. An investment in the bond is not covered by the Financial Services Compensation Scheme. If you are unsure as to the suitability of the investment, you should contact an independent financial advisor. 
If you have any questions or need further information, please send a secure message through the Triodos Bank crowdfunding platform once you’ve registered or ring Triodos Bank on 0330 355 0355.
This financial promotion was approved on 10 February 2026 by Triodos Bank UK Limited, registered in England and Wales with no. 11379025. Registered Office: Deanery Road, Bristol BS1 5AS, United Kingdom. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008.

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Chris Watt Photography_324

We’re raising funds to build new clean energy projects and finance more community energy.  

New bond offer open – help us develop and build two new wind farms

Featured

As part of Community Energy Fortnight, our Senior Investment Manager, Monika Papalaczyk takes us on the journey of Mean Moor wind farm &#8211; from ambition to reality. Read the full story on Community Energy England’s <a href="https://www.communityenergyengland.org/news/going-full-circle-the-story-of-mean-moor-wind-farm" target="_blank" rel="noopener">website</a>.
<img decoding="async" src="/media/2821/community-bridge-model-illustration-271117.jpg" />

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Meanmoor investors1400

Community co-operatives successfully raise £5.7M to repay Thrive’s Community Energy Funding Bridge

Going full circle: the story of Mean Moor

<div class="cms rte js-cms-done">
<h3>Foodbanks</h3>
When the UK went into lockdown, many people’s lives changed drastically overnight. <a href="https://www.trusselltrust.org/2020/06/03/food-banks-busiest-month/" target="_blank" rel="noopener">The Trussell Trust</a> reports the need for emergency food parcels increased by 89% compared with last year, including a 107% increase in parcels given to children. It is unsurprising then that many of the suggestions from local communities was for the donations to go to foodbanks.  Run by dedicated staff and volunteers, they are often the last resort for many vulnerable people affected by the pandemic.
</div>

Aberdeenshire North Foodbank, located close to our Auchtygills and Clayfords wind farms, received a donation from Thrive to help support their operations.

Morcombe Bay Foodbank has also been experiencing high demand and the funds went to keeping their operations running such as electricity, rent and vehicle maintenance, something which has become even more vital as many self-isolating will be relying on food parcel deliveries.
<h3>Tackling isolation</h3>
As we all know, tragically care home residents have been especially hard hit by the pandemic. Their increased vulnerability has led to many homes shutting their doors to visitors in order to protect residents, leading to feelings of isolation and loneliness. Technology can help alleviate these feelings by helping residents connect virtually with their loved ones no matter the distance.
Smiddybrae Activities Association is an organisation which works with Smiddybrae House, a residential care home near our Sigurd wind farm on Orkney. They fundraise to provide activities and trips for the residents and received a grant from Thrive.

<h3>Supporting home learning</h3>
Home learning has been a huge change in many peoples lives since lockdown. Many parents have had to learn to juggle both working from home as well as becoming a teacher to their children. Home learning can be very challenging for parents and children alike, but Blackridge Primary School Parents Council are working to try to help. The school is located near to Drumduff wind farm in West Lothian, Scotland, a joint venture with the Scottish based renewable energy company, GreenPower. The parents’ council received a joint donation from Thrive and GreenPower to create home activity packs for every child at the school, providing ready-made ideas for stretched parents and much needed activities for bored kids.

Emma from Bristol NW foodbank organising donations

Volunteer from Helensburgh & Lomond foodbank collecting donations

Volunteers from Helensburgh & Lomond foodbank

Resident from Smiddybrae house with their new iPad

Operations at Aberdeenshire North foodbank

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Unit 7 1

Thrive owns and operates multiple renewable energy projects across the country and the communities who host our projects are important to us. As a responsible business, we wanted to help them during the Covid-19 pandemic.

A helping hand: communities supporting each other through crisis

Hear from the experts who spend their days evaluating renewable energy projects and modelling a range of finance and development options to create robust, successful schemes. The session will cover the fundamentals of your business plan including feasibility, how your energy will be sold and what to consider from a finance perspective. The panel will also explore how to access the funds you need to make your community energy project happen.
<h5>AGENDA</h5>
Welcome &#8211;  Matthew Clayton, Managing Director, Thrive Renewables
Early stage funding  &#8211; John Taylor, Energy Projects Manager, Greater South East Energy Hub
Mean Moor wind farm, case study &#8211; Energy4All
Community Energy funding options  &#8211; Monika Paplaczyk, Senior Investment Manager, Thrive Renewables
Question &amp; Answer session
Attendance is free and open to members and supporters of community energy groups. The session is informal and interactive, there will be plenty of time for questions.
<p data-key="22" data-slate-fragment="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">This event is part of <a href="https://communityenergyengland.org/pages/community-energy-fortnight" target="_blank" rel="noopener">Community Energy Fortnight</a>, which Thrive Renewables is proud to sponsor.
<p data-key="22" data-slate-fragment="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"><a href="https://www.eventbrite.co.uk/e/funding-your-community-energy-project-tickets-108081083430" target="_blank" rel="noopener">Register here.</a>

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DC25

One of the biggest challenges facing community energy groups is funding.

Webinar: funding your community energy project

Thrive Renewables Impact 2019

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Environmental Impact 2019

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Caton Moor (2)

2019 was another positive year of impact for Thrive. 

Video: Impact 2019

Our portfolio of wind and hydro projects generated 166,734MWh of electricity in 2019, enough to power all the homes in a city the size of Worcester1. Together, the projects delivered over 75,000 tonnes of CO2 emissions reductions2.

Shareholders received a 40p per share interim dividend in April 2019 following the sale of the wind farms and a 7p final dividend in July 2019. A 7p per share annual dividend is recommended to be paid in July 2020, reflecting positive performance of the operational portfolio.
Thrive Renewables is marking its 25th anniversary this year, having invested in a total of 25 wind, hydro, solar and renewable heat projects, the majority of which it still owns and operates.

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<div class="cms rte js-cms-done">Over the last 25 years, Thrive has paid a total of 96.2p per share in dividends. Shares have appreciated in value from £1.30 to £2.233 over the same period.  The average annual return for shareholders joining Thrive over the last 25 years from dividends and capital appreciation is 7%4. Thrive’s market capitalisation is now over £50 million6.</div>
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<figure class=""><picture><source srcset="/media/2141/financial-800.png?width=468&amp;mode=none&amp;scale=downscaleonly&amp;quality=80" media="(min-width: 1080px)" /><source srcset="/media/2141/financial-800.png?width=410&amp;mode=none&amp;scale=downscaleonly&amp;quality=80" media="(min-width: 620px)" /><img decoding="async" src="https://www.thriverenewables.co.uk/media/2141/financial-800.png?width=620&amp;mode=none&amp;scale=downscaleonly&amp;quality=80" alt="" /></picture></figure>
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Looking forward, Thrive Renewables has the following immediate priorities:
<ul>
<li>Progress the three new renewable investments to successful commissioning</li>
<li>Deliver additional opportunities for individuals to invest directly in the transition to a cleaner, smarter energy system for the UK via investments in new solar, wind and hydro projects</li>
<li>Support net zero ambitions of businesses, local authorities and other organisations by enabling them to develop clean energy projects</li>
<li>Ensure the existing portfolio generates as much power and impact as possible and exploring life extension of existing assets where relevant</li>
<li>Identify opportunities to co-locate additional renewable capacity and battery storage at existing sites</li>
</ul>
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Thrive’s voluntary Community Benefit Programme awarded grants totalling over £30,000 in 2019 to improve energy efficiency in shared buildings, such as youth centres and village halls, close to its sites. Recipients report improved warmth, comfort and accessibility, and expect to see lower running costs. In 2020, the company has already allocated £24,000 to provide emergency grants to local grassroots community projects supporting individuals and families struggling due to the Covid-19 crisis.
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[1] Calculated using the most recent statistics from the Department of Business, Energy and Industrial Strategy (BEIS) showing that annual UK average domestic household consumption is 3,781kWh, <a href="http://www.renewableuk.com/page/UKWEDExplained" target="_blank" rel="noopener">www.renewableuk.com/page/UKWEDExplained</a>. Population of Worcester 103,769.
[2] Calculated using most recent data on the carbon intensity of the UK electricity grid multiplied by our own electricity generation. <a href="http://www.renewableuk.com/page/UKWEDExplainded" target="_blank" rel="noopener">www.renewableuk.com/page/UKWEDExplainded</a>
[3] Based on the latest traded price on the secondary market as at 27th May 2020.
[4] 7% annualised return is calculated from dividends paid and using the latest traded share value on the secondary market.  The return is averaged for shareholders who have purchased shares at different times by using share values for each new share issue.
[5] Includes £15.4m gain on sale of two wind farms
[6] Number of shares in issue multiplied by the latest traded price on the secondary market as at 27th May 2020.
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IMG_0022

£12.3 million committed to funding the construction of new wind, hydro and geothermal generation projects.

Annual results 2019: record profits and reinvestments

Lockdown measures introduced in March to control the Covid-19 pandemic reduced the UK’s electricity demand in April by 15%, compared with April 20191. The International Energy Agency (IEA) found that global energy demand was likely to fall by 6% this year, the equivalent of losing the entire energy demand of India – the world’s third largest energy consumer.2
With demand as low as it is, renewables are making up a larger proportion of the energy mix, reducing the carbon intensity of the grid, with gas and coal generation only needed to provide stability services. The steady rise of renewable energy reduces the demand for fossil fuels, so clean electricity will play its largest ever role in the global energy system this year. Renewable energy is expected to grow by 5%, to make up almost 30% of the world’s demand for electricity, according the IEA2.
The UK is currently experiencing its longest coal free period since the beginning of the industrial revolution with 47 coal-free days3. Cool, sunny weather and reduced air pollution has helped drive a new all-time solar power record in the UK, with solar farms generating a peak of 9.69GW of electricity for the grid in April. The current unprecedented circumstances provide real glimpse into the future as we move towards our ambition to be able to operate the system entirely with zero carbon sources of energy.
In April 2019 the National Grid announced they would be ready to run the grid from 100% zero carbon sources by 2025. The lockdown has created a live laboratory environment for the National Grid to test how this can work when running the grid on mostly renewable energy sources. A big part of this is constantly and perfectly balancing the supply and demand of electricity. Experts at the National Grid forecast how much electricity will be needed in each half hour every 24 hours, then tweak power stations and big consumers’ generation and consumption to balance the frequency of electricity on the grid.
When demand is low (as we are seeing during lock down) the usual mix of generation is disrupted, as the growing portfolio of renewables is adequate to meet demand.  The learning taking place currently is how to maintain the perfect balance of demand and supply at times when renewables are delivering the majority of power.  The output from wind and solar is currently harder to ‘tweak’ up and down, and does not provide the levels of stability traditionally achieved using the enormous revolving generators typical to gas and coal power stations.
The National Grid is taking advantage of this unique situation to experiment with alternative ways of fine tuning the electricity system dominated by renewables, using batteries, demand side management and manipulating renewable electricity supply.  This is providing valuable insight into the future of our energy system on the transition to net zero.
For the National grid, the low carbon future has arrived in the form of lock down.  Assumptions are being challenged and both the physical and regulatory system is learning and adapting on a daily basis. This creates challenges, but importantly a chance to live trial a responsible energy system, providing low cost, low carbon and reliable electricity to keep the country going during these difficult times.
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[1] <a href="https://www.edie.net/news/6/UK-hits-coal-free-month-/" target="_blank" rel="noopener">https://www.edie.net/news/6/UK-hits-coal-free-month-/</a>
[2] <a href="https://www.theguardian.com/business/2020/apr/30/covid-19-crisis-demand-fossil-fuels-iea-renewable-electricity" target="_blank" rel="noopener">https://www.theguardian.com/business/2020/apr/30/covid-19-crisis-demand-fossil-fuels-iea-renewable-electricity</a>
[3] <a href="https://www.theguardian.com/business/2020/apr/28/britain-breaks-record-for-coal-free-power-generation" target="_blank" rel="noopener">https://www.theguardian.com/business/2020/apr/28/britain-breaks-record-for-coal-free-power-generation</a>

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Renewables have been on the rise in recent years, hitting an all time high in 2019 with renewable energy generating 36.9% of the UK’s electricity needs.

Renewables dominate the grid

In total, the project raised long term project finance loans of £6.7m from Clydesdale Bank and £1.8m from Thrive Renewables.

Inverbroom will be Thrive Renewable’s second hydro-electric project, following Beochlich Hydro which has been operating successfully since 1998. Inverbroom Hydro will consist of two turbines fed via a buried pipeline which creates pressure to drive the turbine and generate electricity. The scheme will incorporate a small dam with a tilting slipway which allows the hydro to operate within the flood range of Loch a Bhraoin. The water is then returned to the natural water course further down river, allowing the scheme to operate with very little environmental impact.
When Inverbroom Hydro is built, the local community will be able to apply for Thrive Renewables Community Benefit Programme, which offers grants to improve energy efficiency in community buildings like village halls, making them warmer, more comfortable and cheaper to run.
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[1] Calculated using the most recent statistics from the Department of Business, Energy and Industrial Strategy (BEIS) showing that annual UK average domestic household consumption is 3,781kWh, <a href="https://www.renewableuk.com/page/UKWEDExplained" target="_blank" rel="noopener">https://www.renewableuk.com/page/UKWEDExplained</a>
[2] RenewableUK uses BEIS’s “all fossil fuels” emissions statistic of 450 tonnes of carbon dioxide per GWh of electricity supplied in the Digest of UK Energy Statistics (July 2019) p125 Table 5D (“Estimated carbon dioxide emissions from electricity supplied 2015 to 2017”), <a href="https://www.renewableuk.com/page/UKWEDExplained" target="_blank" rel="noopener">https://www.renewableuk.com/page/UKWEDExplained</a>. Average per capita greenhouse gas emissions.

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inverbroom 2

Thrive Renewables and Clydesdale Bank have provided loans for the construction of a new 2MW hydro-electric project at Inverbroom in the Highlands of Scotland. The project is being developed by Inverbroom Hydro and Glendevon Energy.

New hydro project under construction in Scotland with new funding from Thrive Renewables and Clydesdale Bank

The UK has one of the most reliable energy networks in the world and across the country there are <a href="https://news.energynetworks.org/news/energy-networks-write-open-letter-to-customers" target="_blank" rel="noopener">36,000 dedicated people</a> working tirelessly to keep the power on and your homes warm. Not just engineers in the field but operations staff, health and safety professionals are all performing an essential service through this difficult time, for which we are incredibly grateful.
We spoke to Scott Ridley, Director of Cirrus Wind Services, an operations and management company who look after some of Thrive’s wind turbines. He talked to us about how his team are continuing with their important work.

The engineers who look after our wind turbines are part of this team of designated critical workers, but did you know, most of the time they can monitor them from the comfort of home? Here’s how:
<h3>Wind turbines normally operate without human intervention</h3>
Sensors inside the turbine automatically manage operations like adjusting to different wind speed and directions. Unlike many coal or gas power stations, they don’t need to be staffed.
<h3>Turbines are monitored remotely</h3>
Any unusual signals or alerts from the turbine sensors are picked up at the control room and can be investigated remotely.
<h3>The control room is coming home</h3>
Wind turbines are usually monitored from a centralised control room, but with modern IT systems which can be accessed securely remotely, staff are often able to carry out these operations from their homes.
<h3>Most issues can be fixed without visiting the site</h3>
It is only a small number of faults, servicing or inspections which require technicians to go to the wind farm. When a site visit is necessary, it will always be planned safely and in line with the government’s public health advice, such as observing two-meter social distancing.
<h3>Wind turbine engineers are essential workers</h3>
Due to their incredibly important role maintaining turbines, they are still permitted to travel across the country to carry out their work. In order to safeguard these vital staff, organisations we work with have put in place a range of safety measures, such as working in smaller teams and not mixing, using personal protective equipment such as gloves and face masks and providing disinfectant.
Scott told us what his team are doing to protect themselves and continue their work.

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As the world continues to tackle coronavirus, dedicated teams across the country are working hard to keep the energy system up and running and your lights on.

Turbines keep turning in turbulent times

<h3>Keeping electricity flowing</h3>
Our renewable energy projects across the country form part of critical national infrastructure and are generating electricity as usual. Engineers continue to maintain and operate our wind farms and hydro sites to keep essential electricity flowing. The safety of staff, contractors and the wider community is of paramount importance. We are working closely with our delivery partners to ensure their employees are able to work safely themselves and protect the communities they operate in, following government advice and industry guidelines.
<h3>Doing business remotely</h3>
Office-based staff continue to work remotely, phone lines are open and levels of service are normal. The pipeline of new renewable energy projects remains strong and we plan to offer further opportunities to invest directly into renewables in the future.
<h3>Providing help to our communities</h3>
We have voluntarily put in place financial support for communities close to our sites and launched an initiative to purchase Thrive Bonds from people in financial difficulties. Click <a title="Supporting our communities during the Covid-19 crisis" href="/latest-news/news/supporting-our-communities-during-the-covid-19-crisis/" target="_blank" rel="noopener" data-udi="umb://document/032608c8ad6a47d1a1142f93a2405f97">here</a> for the full story.

In light of the Covid-19 pandemic and the resulting impact on the global energy markets, we felt it necessary to review the <a title="Directors' Valuation" href="/for-investors/shareholders/directors-valuation/" target="_blank" rel="noopener" data-udi="umb://document/0f06da8b681c4de29f91873a7e1eaaf0">Directors&#8217; Valuation</a>, resulting in a 2% decrease to £2.23 per share. Full details of the review can be found <a title="Directors’ Valuation reduced by 2% in response to Covid-19 pandemic" href="/latest-news/news/directors-valuation-reduced-by-2-in-response-to-covid-19-pandemic/" target="_blank" rel="noopener" data-udi="umb://document/e18fa1865f13416da41f478c3bc778ed">here</a>.

Directors' Valuation

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Thrive Renewables has adapted working practices and is able to continue to operate effectively during the Covid-19 crisis.

Covid-19 pandemic business update 22 April

<h3>Covid-19 community crisis support</h3>
We have allocated £24,000 from this year’s Community Benefit Programme and savings made on company travel to provide emergency financial support to the communities who host our wind farms and hydro projects. There are so many people working so hard in their local communities to help neighbours who are vulnerable and self isolating and we want to make sure we support them where we can. We are consulting with local representatives to understand how our donations can have the most impact in helping those who are struggling. The charity, Centre for Sustainable Energy will administer grants to ensure the finances are easy to access and spent in a transparent way.
<h3>Bond purchase scheme</h3>
For some people, their financial situation has changed in a way that would have been unimaginable just a few weeks ago. We are conscious that some of our bondholders may unexpectedly be needing to access cash quickly. So we have put together a scheme for a subsidiary company, Brunel Wind Ltd. to purchase our bonds from people who may be struggling financially. Letters are going out to bondholders over the next few days with full details of the offer. It is important for us to point out that we remain committed to servicing our existing bond debt and bondholders who wish to keep their bonds should absolutely do so. This offer is purely for people whose financial circumstances have changed to such an extent that they need to release the money they have invested quickly.
<h3>Supporting staff</h3>
Engineers continue to maintain and operate our wind farms and hydro sites and keep essential electricity flowing. We are working closely with our delivery partners to ensure their employees are able to work safely themselves and protect the communities they operate in.  All of this is done in line with the evolving government advice and industry trade body guidelines on safety to protect public health.
Our office-based staff are all working from home at the moment. This brings its own challenges potentially with isolation and stress. We support each other with regular face to face calls and team meetings, and we are making professional mental health support available to all staff. In addition, Thrive is providing payments to cover additional household bills for employees such as energy and broadband.
As a business we are fortunate to be able to continue operating effectively, but only because of the amazing work of health and care professionals who take care of the sick and vulnerable and other key workers like our engineers who maintain vital infrastructure and supply chains. We would like to humbly thank them for their work and promise we will continue to do our best to bring about a cleaner, brighter future when this crisis passes.

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Our mission is to power the transition to a sustainable energy future and we make that a reality every day by investing in and operating clean energy generation projects which form part of the UK’s critical infrastructure. We continue to actively develop our pipeline of new renewable energy projects and plan to offer further opportunities to invest directly into renewables in the near future.

Supporting our communities during the Covid-19 crisis

The price we sell electricity at is a key factor in the valuation, along with levels of generation and operational costs. Our projects benefit from a range of power sales contracts which include price floors, fixed pricing and inflation linked elements, as well as government backed renewable electricity support mechanisms. To estimate the long-term dividend flow from our projects, we combine the prices we have agreed in power sales contracts, wholesale electricity market prices in the immediate and medium term and longer-term projections which are provided by market leading experts.
Whilst the DV reflects the long-term value of Thrive shares, events in the short term have an impact. The company continues to generate and sell renewable electricity and has a strong pipeline of new projects &#8211; you can find out more about our business response to Covid-19 <a title="Our response to the Covid-19 pandemic" href="/latest-news/news/our-response-to-the-covid-19-pandemic/" target="_blank" rel="noopener" data-udi="umb://document/3d98ee4e23e74262b138e6a12d9c9a07">here</a>.  However, the pandemic is having a significant impact on prices on the UK’s wholesale electricity market.
Since the beginning of 2020, there has been a reduction of more than 15% in wholesale power prices. Whilst Thrive has mitigated exposure to these price movements in the near term, over the next 24 months we are now projecting lower electricity prices than previously. This has resulted in a 5p per share decrease in the Directors’ Valuation, reducing it by 2% from £2.28 to £2.23 per share.
The pricing of the UKs wholesale electricity market is complex. There are a number of key price drivers which are having a negative impact on electricity prices currently:
<ul>
<li>Global Oil prices have fallen by over 70% since January 20201 This has principally been driven by slowing global growth, the reduction in global oil demand as much of the world is in lock down, exacerbated by the oil supply dispute between Russia and Saudi Arabia.</li>
<li>Natural Gas prices have fallen by over 20% this year2. They are linked to oil prices and currently have a direct impact on the cost of electricity in the UK.</li>
<li>A reduction in demand for electricity in the UK since the lock down was implemented in response to the Covid pandemic. Demand has fallen by between 10% and 20% as both industrial and commercial consumption has dropped. This reduction means that more of the lower cost generators (such as renewables) are satisfying demand and driving down wholesale electricity prices.</li>
</ul>
The combination of locking in future prices and the c.50% of revenues from government backed renewable electricity support mechanisms is limiting Thrive’s exposure to the material changes in the wholesale electricity markets which have been caused largely by the Covid pandemic. The Directors will continue to monitor the factors driving the valuation and communicate any material changes.
[1] <a href="https://www.bbc.co.uk/news/topics/cmjpj223708t/oil" target="_blank" rel="noopener"> https://www.bbc.co.uk/news/topics/cmjpj223708t/oil</a>
[2] <a href="https://www.bbc.co.uk/news/topics/cxwdwz5d8gxt/natural-gas" target="_blank" rel="noopener">https://www.bbc.co.uk/news/topics/cxwdwz5d8gxt/natural-gas</a>

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Caton Moor

Thrive Renewables exists to enable individuals to invest in sustainable energy. We are pleased to have a numerous and diverse shareholder group, giving us a responsibility to provide all our shareholders with an indication of the value of the company – the Directors’ Valuation (DV). The Directors revisit the DV when material events occur.

Directors' Valuation reduced by 2% in response to Covid-19 pandemic

Buildings like village halls and community centres often operate as vital local hubs providing space, activities and support for the most vulnerable in society. However, expensive running costs and upkeep fall to the users. This year we awarded £31,000 in grants, for improvements like loft and wall insulation, new windows, double-glazing and energy efficient heating systems, which are calculated to bring carbon dioxide emission savings of 23 tonnes per year.
To date, including all four rounds of the programme £93,000 has been awarded via 31 grants to improve 23 different community buildings. In total an estimated 60 tonnes of CO2 is now being saved per annum, in addition to numerous other benefits reported by building users, such as improved comfort and ability to use the facilities more frequently as a result of the upgrades.

Based near our March wind farm in Cambridgeshire, St John’s Church received £4,000 for new windows, helping to save nearly 2 tonnes of carbon dioxide emissions per year.

St John's Church, March

Based close to our Caton Moor wind farm near Lancaster, St Peter’s Church received £4,000 towards a larger heating upgrade project in addition to insulation works already underway, helping to save 2.64 tonnes of carbon dioxide emissions per year.

St Peter's Church, Quernmore 

Based near our Avonmouth wind farm in Bristol, Avonmouth Community Centre received £2,360 for new windows, helping to save 5.76 tonnes of carbon dioxide emissions per year.

Avonmouth Community Centre, Bristol

To catch all the latest news and updates on our Community Benefit Programme <a href="/newsletter/" target="_blank" rel="noopener">sign up to our newsletter now </a>.

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TIDE &amp; ISE 2018

The fourth round of our Community Benefit Programme has once again seen measurable improvements in warmth, comfort and light in shared buildings close to our projects. Nine community buildings spread across the country received grants of up to £4,000 in 2019 to make vital sustainability and energy efficiency improvements.

The surprise benefits of decarbonising your local community

As long-term advocates of community ownership, we were proud to represent the sector in parliament this month, giving evidence to the Energy Security and Net Zero committee inquiry ‘Unlocking community energy at scale’. From community energy groups to facilitators, charities and funders like Thrive, it brought together leaders from across the industry to have an insightful discussion on the potential of locally owned projects and the barriers to progress.
One of the questions asked was whether a public awareness campaign would be helpful and, if the above stat is anything to go by, our response is yes! Community energy is a climate solution that could be accessible to thousands of people across the country, yet many are unsure of what it is and how to access it.
<h4>What is community energy?</h4>
According to Community Energy England, “community energy is about people and communities taking democratic control over their energy future, by understanding, generating, using, owning and saving energy in their communities”.
In many cases, this would be when a community takes control and owns, or has a share, in a project producing clean energy – for example, the Ambition Community Energy turbine in Bristol which has been operational since 2023. The clean electricity generated helps power homes and businesses, while revenues are used to fund other local initiatives.
What change do we need to see for community energy to flourish?
Although community energy has been gaining momentum for a number of years, the new government has shone a light on the sector – with specific reference to supporting community projects in both its Local Power Plan and Great British Energy Bill.
However, there are various challenges community energy groups face when developing their own projects, in particular a lack of funding, sometimes skills and expertise and access to appropriate sites. As part of the committee inquiry, Thrive suggested that we need to see a positive change in at least one of these areas:
Revenue / power price – Revenues are driven by the underlying productivity of the project (MWh) and the route to market (power prices). One key change the government could make is enabling community energy projects to participate in its Contracts for Difference auctions, which provides more revenue certainty. This is not currently accessible to community groups as most projects are too small to participate.
Development and capital expenditure – Government funding currently tends to flow more to feasibility studies than developing projects, prioritising innovation over typical developer skills (land agents, property lawyers, developers). We propose GB Energy to offer a revolving fund of low interest, long-term construction loans designed to complement private sector investors and development loans with write off ability.
Grid connections – Another way to bring down upfront costs would be for GB Energy to fund the grid infrastructure and then charge the community an annual fee over the project’s lifetime. At the end of its life, the project could be repowered in which the new project would continue payments to GB Energy. The investment case into grid by GB Energy could be long term and given the lower risk profile could attract lower cost of capital.
It is vitally important that support is provided by Great British Energy to make projects viable, but great care should be taken to ensure that finance is carefully blended, so public money seeds and facilitates private and community investment rather than replacing it.
How is Thrive helping to unlock local investment?
We believe that there is huge opportunity for community energy to scale up, with the potential to transform people’s attitudes to renewables locally. This can be achieved with a blend of finance from the private and public sector.
Thrive has committed to offering local Community Benefit Societies up to a 10% stake in all future projects. This builds on our track record of facilitating shared ownership, from the first wind farm we built in Cumbria to becoming the first commercial developer in the UK to offer the local community a stake in a battery storage project.
We’re also helping to facilitate projects through <a href="/news/2025/03/were-partnering-with-the-uks-leading-social-impact-investor-to-mobilise-40-million-for-community-owned-energy-projects">our new partnership with social impact investor, Better Society Capital</a>. The joint venture, Community Energy Catalyst, will bring together £40 million to support local communities to build their own clean energy infrastructure or secure stakes in larger regional renewable energy schemes.
Community Energy Catalyst will make investments ranging between £0.5 million to £30 million in individual projects which are at least 1MW in size and employ proven technologies such as onshore and offshore wind, solar PV and hydro-electric. The joint venture will target late-stage development projects that have already secured planning consent, enabling them to advance through to construction, commissioning and operation while aligning with local objectives.

Newsletter CTA

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Blawhorn moss nature reserve (1)

We've been busy flying the flag for community-owned projects in parliament - here's our key takeaways. 

Government seeking to unlock community energy at scale

The new joint venture, Burgar Hill Energy Ltd, will manage the proposed development, with a proposed turbine tip height of up to 200 metres and combined capacity of up to 30MW. The wind farm will also provide an estimated £150k in community benefit each year (based on the proposed capacity of 30MW), which will be used to support local projects and developments.
Proposals for the repowering project are currently in the early stages. Work has begun on planning studies and Burgar Hill Energy will soon launch a public consultation into the plans, with two community events planned to take place in the coming months, which will be advertised locally. More information can be found on the <a href="https://burgarhillenergy.co.uk/" target="_blank" rel="noopener">Burgar Hill Energy website here</a>.
Burgar Hill was home to some of the world’s first multi-megawatt wind turbines and acted as a crucial testbed for onshore wind in the 1980s. Both Burgar Hill Renewables, which also represents the local landowner, and Thrive own a turbine on the site. The additional three turbines currently in place are owned by other third parties.

In 2023 we replaced Sigurd’s blades, which had reached the end of their life, working with ReBlade to repurpose them into useful items like bike shelters and EV charging stations. This saw us become one of the first UK companies to decommission wind turbine blades using circular economy principles.

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The companies will shortly be consulting on the repowering of Burgar Hill wind farm. 

Thrive is partnering with Burgar Hill Renewables to give a new lease of life to one of the UK’s pioneering wind farm sites 

The new initiative, Community Energy Catalyst, will support local 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 Top Cashback Sustainability Ltd, will provide £20 million of the investment, with Better Society Capital providing matched funding.
Community Energy Catalyst will make investments ranging between £0.5 million to £30 million in individual projects which are at least 1MW in size and employ proven technologies such as onshore and offshore wind, solar PV and hydro-electric. The joint venture will target late-stage development projects that have already secured planning consent, enabling them to advance through to construction, commissioning and operation while aligning with local objectives.
As well as funding, Thrive brings 30 years of experience financing, building and operating clean energy projects in the UK, and will provide support to community energy groups during key milestones such as procurement and grid connection.
When we created our award-winning community funding bridge in 2017, it was the first of its kind. Eight years later we’ve invested over £21 million into seven community energy projects, including £4 million to build England’s largest onshore wind turbine, which is 100% owned by the community in our home city of Bristol.

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Funding partnership with Better Society Capital will help more communities to own their own projects or take a stake in a larger project in their local area.

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