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From South Cornwall to Orkney, from onshore wind and solar to geothermal, our diverse portfolio of clean energy projects spans the whole of the UK.

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Thrive exists to tackle the climate emergency, working with investors, developers, businesses and communities to fund, build and operate clean energy projects since 1994.

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Latest news

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.
&nbsp;
&nbsp;
[1] Impact Portfolio describing Thrive’s share of projects owned plus 
the projects Thrive is funding (adjusted proportionally where Thrive’s 
funding is a minority of a project’s overall funding).
[2] Homes equivalent is calculated using the most recent statistics 
from DESNZ showing that annual GB average domestic 
household consumption is 3,323kWh (as of December 2025, 
updated annually). <a href="https://assets.publishing.service.gov.uk/media/6945728a033693d5d50eb83d/subnational-electricity-and-gas-consumption-summary-report-2024.pdf">Subnational Electricity and Gas Consumption Statistics, 2024</a>.
Average residents per household 2.35 (<a href="https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/families/bulletins/familiesandhouseholds/2024">Families and households in the UK &#8211; Office for National Statistics</a>), Population of Southport is 
93,902 (<a href="https://www.ons.gov.uk/peoplepopulationandcommunity/populationandmigration/populationestimates/datasets/understandingtownsinenglandandwalespopulationanddemography">Understanding towns in England and Wales: population and demography &#8211; Office for National Statistics</a>).
[3] Carbon reduction is calculated by multiplying the total amount of 
renewable electricity generated by Thrive’s impact portfolio each year by 
the number of tonnes of carbon which fossil fuels would have produced 
to generate the same amount of electricity. We have used DESNZ’s “all 
non-renewable fuels” emissions statistic of 448 tonnes of carbon dioxide 
per GWh of electricity supplied from the Digest of UK Energy Statistics 
(July 2025) Table 5.14 (“Estimated carbon dioxide emissions from 
electricity supplied”). Additionally, we include a conservative 
estimate of the carbon saved through operating our BESS projects.
[4] This includes £5.1m set-off against financial assets repaid.

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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

Featured

The three-turbines at Mean Moor are adjacent to the original Baywind project, an historic site, and the first community owned wind farm established in 1996.
Rod Blunden, Chairman of Energy Prospects Co-operative said: “We are overwhelmed with the response we have received from both Energy Prospects members and the wider Renewable Energy community. It is fantastic that we have been able to bring a commercially owned wind farm into the community owned sector”.
The purchase demonstrates the ability of the community sector to operate in the commercial world and reflects the appetite for greater community ownership of renewable energy as an end in itself, especially important as the challenges for developing new onshore renewable electricity projects continue to grow.
The wind farm comprises of three turbines across the valley from the existing High Winds two turbines at Harlock Hill in south Cumbria.
Over 400 individuals invested in the scheme, the minimum investment was £500 with the maximum investment capped at £50,000.
Financing from Thrive Renewables enables communities to purchase a renewables project from a developer giving them time to raise the funds themselves and then pay back the company over an agreed period. It also provides the speed and funding certainty for the seller of a project.

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mean moor

Over 400 individuals raise an impressive £2.8m in just two weeks to refinance the Mean Moor community wind farm in Cumbria. It’s thought to be the first wind farm in the country to be transferred to community ownership from a commercial developer.

First UK wind farm transfers from commercial to community ownership

And what better way to pass on the benefits of their investment with the recent agreement to supply <a href="http://www.bristol-energy.co.uk/" target="_blank" rel="noopener noreferrer">Bristol Energy</a> customers (and one of the first municipal energy companies in the UK) with clean power direct from Beochlich.

<h3>Facts about Beochlich hydro-electric </h3>
Beochlich is located on the south-east side of Loch Awe in Argyll, Scotland, the site generates 3.5GWh a year, the equivalent to nearly 1,000 UK homes.
Electricity at Beochlich is generated by two turbines and a generator fed by a pipeline of fresh running water. The site includes a storage reservoir which allows the flow of water to be regulated to an optimum level when rainfall is high, as well as store water, during periods of lower rainfall.  Water extracted from the Beochlich reservoir is returned to the same water course downstream.
<h3>Connecting more people to renewables</h3>
THRIVE and Bristol Energy are helping to make green energy accessible for everyone. You can get involved in many ways, through a 100% green tariff, by investing in renewable energy and by saving energy. Quick energy saving wins &#8211; turn off standby appliances; turn heating down a degree; wash at 30 degrees; use low energy lighting. Small changes make a difference, get more <a href="https://www.bristol-energy.co.uk/customer-care/helping-you-use-less-energy" target="_blank" rel="noopener noreferrer">energy saving tips</a>.

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Beochlich close up

Our hydro-electric site at Beochlich in Scotland had its best year for generating electricity in 2017 than any other year in the history of the site!

Thrive's hydro-electric power goes to Bristol Energy customers

With over 5,500 shareholders, and more than 1,000 bondholders, we’re building our investor community. We do this in two ways, through a bond or share offers when we’re looking to raise large sums for specific projects. This happens roughly every two years with the last bond offer completing in February 2017. The money raised has been put to work, generating returns and connecting more individuals to clean energy.
The other way to get involved and join Thrive’s community of investors is to purchase shares at our monthly share auctions run by our dedicated broker, James Sharp &amp; Co. The monthly auctions allow existing shareholders to grow their stake in Thrive and for new investors to join us and contribute to cleaning up the UK&#8217;s energy system.
<h3>About the share buy-back policy</h3>
<ul>
<li>Shareholders are eligible to benefit from the Buy-Back policy if they have owned their shares for at least 24 months, and had their shares listed for sale on the Matched Bargain Market for a period of 12 months or more.*</li>
<li>Under the Buy-Back policy, the Company undertakes to purchase shares from eligible shareholders at a 10% discount to the <a href="/investors/shareholders-2/directors-valuation/" target="_blank" rel="noopener">Director’s Recommended Share Price</a>.</li>
<li>It is the Directors’ intention that the Buy-Back Policy will increase the liquidity of the secondary shares market and enable sellers to achieve a fair price for their shares.</li>
</ul>
<h3>Next steps</h3>
<ul>
<li>The initial share Buy-Back is subject to shareholder approval at the AGM on 22nd June 2018 and the Company having adequate financial resources to fund the share Buy-Back. </li>
<li>Eligible shareholders will be contacted by Thrive in April and invited to confirm their interest in participating in the Buy-Back.</li>
<li>The Directors reserve the right to cease offering the Buy-Back at any time.</li>
</ul>
Read and download the Buy-Back Policy.

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We’ve introduced a Share Buy-Back Policy with the intention of underpinning the share trading liquidity of the secondary market of Thrive shares and to demonstrate the Directors' confidence in the Directors' Recommended Share Price.

We introduce our share buy-back policy

Figures from the National Grid show that last year was the greenest year ever in terms of how Britain’s electricity is generated with onshore wind farms and renewable energy sources outproducing coal plants on more than 75 per cent of days of the year.
The five turbines at the Ransonmoor site, in operation since 2007, produce 26 GWH of electricity per annum, enough to power 6,600 homes for a year.

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IMG_4719

Britain must retain membership of the European Internal Energy Market (IEM) if Fenland’s wind energy sector is to continue to thrive, warned Euro-MP Alex Mayer at the European Parliament.

European market essential for thriving Fenland wind - says Labour MEP

<h3>Survey results and feedback</h3>
Thank you to all our investors who took the time to complete our short survey about how we are communicating as a company. It’s important that we hear your feedback and we were pleased to receive a total of 130 individual responses.
Here&#8217;s a summary of how we&#8217;re improving our communications as a result of your feedback:
<ul>
<li>We’ll keep sending out printed copies of our reports to those individuals without computers or limited access to the internet. We realise this is very important to some of our investors.</li>
<li>We’ll continue to provide the right balance of information in our reports that will help you as an investor to understand Thrive’s growth and performance. We shall communicate this information using clear examples and plain English.</li>
<li>We have put together a section on the website to explain how we are funding community projects. Instead of using the term: ‘mezzanine’, we have now called this type of finance model, the ‘Thrive Community Bridge’. You can understand more about it <a href="/investment-criteria/community-bridge/" target="_blank" rel="noopener noreferrer">here</a></li>
<li>We’ve made it easier to understand how to ‘sell’ thrive shares – it is the same way in which you buy them, through our monthly share auctions. We have made this clearer on the website <a href="/for-investors/buy-and-sell-shares/" target="_blank" rel="noopener noreferrer">here</a>. If in any doubt, please <a href="http://www.thriverenewables.co.uk/about-us/contact-us/" target="_blank" rel="noopener noreferrer">contact us</a> and we can explain further.</li>
</ul>

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As part of our Half Year Report we asked investors how we're doing with our communications. Here are the results and thank you to everyone who took part in the survey. The survey is now closed.

Thrive investor survey results

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The Government proposed a fleet of six new nuclear power plants to be located at Hinkley Point, Sizewell, Bradwell, Moorside, Wylfa and Oldbury. The plan is to deliver a third of the UK’s power from nuclear by 2030.  Whilst I am 100% behind the low carbon agenda, and acknowledge the need for a mix of energy sources in the medium term, I’m not convinced that six new nuclear plants provide the flexibility and shape a more sustainable system needs, or represents good value for money for the UK’s “industry and hard working families”.
Andrea Leadsom MP recently shared that “Hinkley C is only the first in a series of proposed new nuclear projects in the pipeline. It will blaze a trail for further nuclear development.” A frightening choice of words!
Let&#8217;s recap on last year, plans for Hinkley C on the Somerset coast were already well underway, a Government backed fixed price for the power to be generated had been offered to the investors who were willing to build. <a href="http://news.sky.com/story/hinkley-point-c-faces-state-aid-legal-threat-10253456" target="_blank" rel="noopener noreferrer">£2.5 billion</a> had already been spent, ground works have commenced, and a consortium of the majority French State Owned EDF and China General Nuclear (CGN) had given the go ahead to undertake this enormous infrastructure project. The Government completed the picture, having given its go-ahead for Hinkley last September and it was all back on again with the addition of &#8216;significant new safeguards.&#8217;
<h3>Time</h3>
Hinkley C is planning to be exporting electricity to the grid by 2025. At the heart of the project is a European Pressurised Reactor (EPR), known as the 3rd generation nuclear reactors.  Whilst I can’t claim to have an understanding of the engineering and technology involved, the track record with delivering the EPRs does cause concern.  Projects employing similar technology in China, Finland and France are all years behind build schedule (six and nine years late in the case of France and Finland respectively) and significantly over budget. We live in hope that lessons are being learnt and that we will not have to wait for many years with an open cheque book for this project to be delivered.
However, this delay creates an opportunity for the alternatives.  If the current planned energisation of Hinkley C is 2025, and we assume an optimistic five year delay to 2030, then there is a gap in UK electricity generation capacity which is required to ‘keep the lights on’. New Coal and Gas fired power plants are unlikely to be built in the interim.
This uncertainty and delay could well be an opportunity for renewables. Few energy generation technologies can be installed and energised as quickly as wind, solar and hydro, with build times as short as four months, and if planning was more straight forwards, up to two years.
If planning decisions could be made in a more objective rather than subjective way, less like a very expensive game of Battle Ships and more of a strategic and pragmatic approach, then Renewables could plug the gap. If after 15 – 20 years these giant infrastructure projects are successfully built, tested and energised, then the renewables can supplement the grid with lower cost energy or be dismantled and re-erected elsewhere in the world.
<h3>Money</h3>
The energy system needs investment, the UK’s traditional, enormous, centralised-system coal generation plants are being retired, and despite our efforts with energy efficiency and another successful year of commissioning new renewable capacity, the National Grid’s reserve margin is shrinking.
So we agree, we need to invest, but what to invest in?
Cost estimates for the Hinkley C Nuclear project started at £6 billion, grew to £18 billion over the last 12 months and now both the National Audit Office and DECC (as was) are projecting a cost of <a href="http://www.bbc.com/news/business-36794172" target="_blank" rel="noopener noreferrer">£37 billion</a>, even at £18 billion this is the UK’s largest infrastructure project. So as projected costs increase, is this money well spent, and what are our alternatives?
Assuming the nuclear plant will cost £18 billion, then one alternative would be to build 9,125MW of wind, solar and hydro which can generate the same amount of energy as the proposed 3GW nuclear plant.  However, there are differences between the nuclear and the renewables solution:
<ol>
<li>The cost of installing renewable generation and storage is falling rapidly, whilst it would appear that the cost of Nuclear is growing and being built within undefined timeframes;</li>
<li>Renewable energy projects don’t generate hazardous waste and their decommissioning costs are minimal, this is not the case for Nuclear Energy;</li>
<li>We would have some money left in the bank with the renewable option.  The Energy sector could deliver material improvements in energy efficiency and flexibility with the £700 million change after building the renewable projects.  If we consider the latest estimate of £37 billion cost of Hinkley C, then we would have over £19 billion left to invest in smart systems, storage and energy efficiency to improve the electricity system to allow it to utilise more renewable generation.</li>
</ol>
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The UK’s renewable energy capacity grew to 30GW in 2015, having installed 5.4 GW of new renewable generation over the course of 2015[1] . On this basis the required renewable generation capacity to match the generation of Hinkley C could be delivered in less than two years at a lower cost. I fully appreciate that a mix of energy sources is desirable, but my question is: Is Nuclear the best use of investment in the sector, and can we not be a little smarter in our approach?  We could deliver revolutionary, structural change in terms of energy efficiency, flexibility and storage with a budget of £19 billion, ultimately requiring less generation capacity, lowering cost and reducing Green House Gas emissions.
Even as technology stands at the moment wind, solar and hydro can undercut the £101/MWh[2] which has been promised to Hinkley C by more than 25%. When savings are reaching billions of pounds, there is scope to take more innovative steps to both the demand and supply of electricity.
<hr />
[1]  DECC Energy Trends 2016
[2]  The £92.50 / MWh Feed in Tariff offered to Hinkley C is in 2012 money. Adjusting the Tariff to 2016 is £101 / MWh
</div>
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Hinkley will take at least ten years to build, in the meantime, can renewables step up and bridge the gap?

Big plans, time is money - The nuclear agenda

This is where Thrive steps in. It’s our mission to power the transition to a sustainable energy future by helping people meaningfully connect with clean energy projects. In 2016, we developed a funding model called: ‘The Thrive Community Bridge’ as a way of responding to this growing desire for community owned renewables. We’ve already supported communities with £12 million investment into wind and solar projects across the UK and we want to do more projects like this.
<h3>We empower communities to Thrive:</h3>
We give communities the time they need to raise their own funds through local ‘crowdfunding’ or/and via a bank loan – this is why our finance model is called a ‘bridge.’
<ul>
<li>Our funding gives communities a sense of local ownership and empowerment to say: ‘Together, we own our renewable energy at source.’</li>
<li>We are uniting communities through a common movement to invest in and own clean energy.</li>
</ul>
<h3>We offer speed and flexibility:</h3>
<ul>
<li>We act quickly and efficiently to help communities get the most out of their purchase.</li>
<li>We are experts in acquiring and funding a range of small-to-mid scale projects.</li>
<li>We offer flexible finance for a range of project types: hydro, solar, wind and storage.</li>
<li>We have access to a wide network of industry contacts, partners, suppliers, and industry bodies.</li>
</ul>
<h3>Our investment terms are transparent:</h3>
<ul>
<li>We fund investments between £0.5M and £20M.</li>
<li>We invest in proven 100% sustainable energy projects.</li>
<li>We structure the finance to respond to the needs of the community and the specifics of each project.</li>
</ul>

We are supporting communities in taking ownership of their local energy projects. See how our finance model called the 'Thrive Community Bridge' works.

The Thrive community bridge

The day took an unusual turn when one visitor asked: ‘What’s that strange thing outside on the tree?’
Luckily, local ecologist Bernice Roberts, of the Landmark Practice, was on hand to advise. To their amazement they discovered a huge natural ‘honeycomb’ beehive spilling out of a bat box attached to a tree.

In perfect timing, Bernice discovered, to her surprise, that the face painter at the open day was a local bee enthusiast who put her in touch with local natural beehive co-ordinators, Sal Pearson and Roger Wood.
It was a race against the clock to save the beehive as the weather had taken a turn for the worst.

Mark Doughty, Principle Ecologist at Wessex Water, landowners of the site, co-ordinated saving the bees. It all worked out well as Mark has been connected to bees all his life, his father is a veteran beekeeper. He naturally stepped in to help save the colony.

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honeybee2-mobile (1)

A rare, giant beehive is creating a buzz among experts after taking up residence inside a bat box at Thrive's wind farm in Avonmouth.

Giant 'Honeycomb' beehive discovery

We agree with much of the high level direction of what Dieter Helm is recommending. We must achieve greater energy efficiencies, at home and in industry. We must transition to a smarter energy system, where supply and demand are dynamic in responding to energy availability. We’ve long been advocates of a functional carbon dioxide emissions market, where there is a cost attached to emitting greenhouse gases (GHG), the polluter pays, thus driving low and zero GHG emission solutions forwards. Where investment decisions are influenced directly by environmental performance and where the market can successfully identify employ the least cost GHG emission abatement technologies.
One of the study’s conclusions is that the growth in renewables&#8217; contribution to the electricity sector (delivering almost <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/612492/Energy_Trends_March_2017.pdf" target="_blank" rel="noopener noreferrer">quarter of the UK&#8217;s electricity</a> in 2016 , and anticipated to reach 30% this year) has lowered the wholesale price of electricity. There is acknowledgment that following the falling cost of renewable technologies, that going forwards renewable generation offers least cost electricity.
Helm has also established that support for the proliferation of renewable electricity which has been delivered to date makes up <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/654902/Cost_of_Energy_Review.pdf" target="_blank" rel="noopener noreferrer">20% of the cost of our electricity</a> in the UK. So, what does this mean for the average household in the UK? On average <a href="https://www.ofgem.gov.uk/publications-and-updates/infographic-bills-prices-and-profits" target="_blank" rel="noopener noreferrer">we pay £554 p.a.</a> for our domestic electricity consumption. So that implies we are paying £111 p.a., or £9.25 per home, per month for achieving one of the largest positive shifts in environmental performance the UK has ever seen. I fully appreciate that for our lowest income households £9 per month has a material impact. However, as the world’s 5th largest economy, it is incumbent on us to demonstrate some environmental leadership. The way electricity is sold could address the sad reality that those with the lowest incomes pay most for their utilities.
So, what could we be doing with our £9 per month? Sign up to an internet music or film streaming subscription, buy five newspapers, enjoy a posh coffee every week, or, deliver a material reduction in GHG emissions through our electricity system. What is being achieved with our £9 per month? As mentioned above, we are sourcing more than 25% of electricity from renewable sources, which means that annually there is now 1.6 tCO2e of emissions released into the atmosphere to generate our <a href="http://www.renewableuk.com/page/UKWEDExplained" target="_blank" rel="noopener noreferrer">average 3,900kWh</a> household electricity consumption. If we wind back the clock to 2008, this was 2.0 tCO2e, and in 1990 <a href="https://www.parliament.uk/documents/post/postpn_383-carbon-footprint-electricity-generation.pdf" target="_blank" rel="noopener noreferrer">2.8 tCO2e</a>.  Progress indeed. This has been achieved by reducing our dependence on finite fossil fuels, and increasing our use of abundant natural, renewable sources of energy.
However, there isn’t time for complacency as the GHG emission intensity of our electricity needs to halve and halve again (and quickly) from today’s levels if we are to achieve our 2°C ceiling which we and 168 other nations have ratified following the Paris Climate Summit in 2015.
Whilst we’d prefer to have been part of an energy revolution which had miraculously leaped over 25 years of technology development, climatic understanding, public consciousness and political thinking, the reality is that change takes time, and the leap we’ve collectively made from ‘alternative energy’ to renewables and the associated environmental benefit has taken time and has a price, a price which is falling all the time and will dissipate over the coming years as existing facilities are retired and replaced with the next generation of best in class technology. So we’ve made the leap, we are delivering <a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/612492/Energy_Trends_March_2017.pdf" target="_blank" rel="noopener noreferrer">over 24% of our power using renewables</a>, now we can benefit from our learning, by more efficiently delivering the next 75% whilst simultaneously lowering the cost of our electricity.
How many of us, given a transparent choice would prefer to pay £9, or perhaps more per month to improve air quality and deliver the associated health benefits, reduce the need to redesign our coastline to defend us from rising sea levels and more ferocious weather systems, keep our finite resources in the ground for when we really need them, and be proud of the legacy we are passing to future generations?
It feels like an investment worth making.

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The government has today released the Cost of Energy Review to make recommendations on how we make energy cheaper in the UK whilst also delivering the environmental imperatives.

The cost of UK renewables - Good value, or great values?

Thrive’s <a href="/about-us/meet-the-team-1/">Board and Management</a> team: Matthew Clayton, Monika Paplaczyk, Katie Gordon and Alex Connor, as well as valued partners, Tom Harwood from Abundance were there to share the good news and network with some of the UK’s finest sustainable fund managers and organisations.
Thank you to everyone including, Triodos Bank Corporate Finance team, who has been instrumental in making the bond offer with IFISA such a success raising £10M for green energy projects and attracting over 900 new positive investors to Thrive.
The awards are aimed at fund managers and organisations who are at the forefront of facilitating or investing in themes that take into account the environment, ethics, as well as social and corporate responsibility, and whose work promotes a greater understanding into the sector&#8217;s potential.
Now in their tenth year, Investment Week&#8216;s Sustainable Investment Awards offer an opportunity to showcase expertise and commitment to investment factors that take into account environmental, social and ethical criteria as well as good corporate behaviour. Factors that are increasingly in demand by investors and a growing sector of the investment industry.

<h3>About Thrive&#8217;s award entry</h3>
In 2016/2017 Thrive raised a total of £13M for renewable energy projects through innovative online crowdfunding and was the first bond offer to be available through the Innovative Finance ISA (IFISA).
<ul>
<li>The Thrive Plc bond offer raised £9.97m for new sustainable energy projects in the UK exceeding its target of £7.5m by 33 per cent.</li>
<li>The funds are now being deployed into onshore wind and solar projects with the aim of generating a further 36,000 UK homes with clean electricity in 2018.</li>
<li>933 individuals invested their money in Thrive Renewable’s bond from just £5 online.</li>
<li>Whilst the 5% interest rate and IFISA benefits provided a healthy incentive to investors, Thrive’s bond demonstrates strong investor appetite and support for UK renewable energy.</li>
<li>Working with Triodos Bank’s corporate finance specialists and Abundance Investment, Thrive was able to offer Bondholders the opportunity to include their investment in their IFISA.</li>
</ul>

We are thrilled to have been recognised for the category award for 'Innovation (non-fund)' for our successful green energy bond with IFISA.

Thrive Renewables is 'highly commended' for Investment Week's 'Sustainable Awards' 2017

We have now successfully deployed all of the £10m raised in the 2016 Thrive Renewables plc bond offer into four renewable energy projects. In the case of three of these projects we have invested into existing sites to provide local communities with the opportunity to take direct ownership of the projects in their area. This includes Brockholes, a 2.4 MW wind farm in the Scottish Borders which we’ve invested in since the enclosed report has gone to print.
As we adapt to market conditions, our flexible and award-winning investment model is delivering impact and connecting more individuals to clean energy projects.
<a href="/documents/2017-half-year-report/" target="_blank" rel="noopener">View the full report here</a>.

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TIDE &amp; ISE 2018

We are pleased to present the 2017 Half Year Results with an update on the Company’s operational and financial performance to 30 June 2017.

2017 half year results

Its marginal cost is basically zero, its supply is infinite and contrary to some opinion, reliable, when used in conjunction with other renewable sources (if you have hydro, solar, wind and tidal – you have no reason to worry about black outs).
Sure, the transition takes a bit of effort, but once it’s done, it’s done. And it really will be done.
Last week, the amazing news broke that offshore wind has become the lowest cost option for large-scale, low-carbon power in the UK, after the price paid for electricity from the turbines fell by more than 50 per cent in two years.
If common sense were the only factor behind energy policy, this news should mean curtains for projects such as Hinkley Point C. However, policy decisions never seems as straightforward as: “this is lower cost and lower carbon, let’s make it happen”.
Another example of energy policy failing to make sense came in 2015, when, just as small scale wind and solar were really cranking up, with the costs and subsidies meeting at just the right place for mainstream investors and developers to see real appeal, the Government swiped away the bulk of the subsidies. Just like that. The move put the brakes on a rapidly accelerating sector over night.
Many developers put the last few projects in the ground, then shut up shop. Homeowners who had been in two minds about getting panels suddenly saw their sums didn’t add up.
It looked like a victory for the anti-wind turbine lobby (which also contains a fair few climate change sceptics). The message from the Government was that it was time for the sector to stand on its own two feet – which had, to be fair, always been the goal. But the sector wasn’t quite ready.
At the time, that decision felt like game over. But Matthew Clayton, managing director of <a href="/?utm_source=Good%20With%20Money&amp;utm_campaign=MC%20interview">Thrive Renewables,</a> offers a long term perspective, seeing it as a lull from which the sector will soon recover.
Read the full story at the <a href="https://good-with-money.com/2017/09/18/interview-watch-out-for-the-renewables-comeback/" target="_blank" rel="noopener noreferrer">Good With Money </a>website.

Good With Money interviews Matthew Clayton, MD at Thrive: The thing about renewable energy is: it makes total sense. So much so that it’s hard to understand why any energy would not be renewable, now we have the technology to harness it.

Interview: Watch out for the renewables come back

<a href="/news/2024/11/vision-for-the-future-facilitating-a-just-transition" target="_blank" rel="noopener">In our last blog,</a> we shared the ways we’re working to facilitate a just transition, from using our business as a force for good to supporting community owned renewable energy projects. As part of our 30th birthday celebrations, we asked influential climate campaigners for their thoughts on what the wider sector needs to do to achieve a just energy transition by the end of the decade. 
James Vaccaro  
Catalyst, strategist and thought leader in sustainability and positive impact finance, CEO of RePattern and former Thrive Executive Director.  
<ol>
<li> Integrating smarter design into energy infrastructure to help deliver multiple positive social and environmental impacts. That can include greater community ownership and social benefits, but also schemes such as agri-solar. </li>
<li> The community-of-interest ownership model, alongside cooperatives and other shared-ownership models, offer a balanced solution to support investment in key assets – including nature restoration sites, transmission and storage infrastructure etc. </li>
<li> It is important for leadership within the industry to integrate adaptation and mitigation solutions (efficiency measures plus generation) to support community resilience– in conjunction with well-designed local development plans that address other areas of vulnerability.</li>
</ol>
Emma Howard Boyd CBE 
Previously Chair of the Environment Agency and an ex-officio board member of the Department for Environment, Food and Rural Affairs. Currently Chair of ClientEarth, Chair of the London Climate Resilience Review and former Thrive Non Executive Director.  
We are entering a new era. The world’s warmest year on record was 2023. Europe is warming at around twice the global rate.  
This June to August, in 2024, is currently on course to be the world’s hottest on record, even as El Niño fades. And wherever you are in the world, it’s the most vulnerable – those who’ve contributed the least to this catastrophe – who are forced to shoulder the heaviest burden of its consequences. A recent paper in ‘Nature’ said: “Given how close 2023 was to the ominous 1.5°C warming threshold, it is imperative that we prepare for previously unthinkable and unseasonal heat extremes.”  
With a new national government taking power, now is the time to emphasise that making smarter, more resilient choices to achieve a just energy transition is in the long-term interest. 
<ol>
<li> Simply put, adaptation is non negotiable and ensuring the most vulnerable benefit from adaptation should be a guiding principle. </li>
<li> Action must prioritise those who face the greatest harm and those least able to cope with climate impacts. </li>
<li> Finally, failure to prepare for climate impacts heightens risks and threatens efforts to reach net zero. Without due regard to climate adaptation, risk is “baked-in” to the lifetime of assets, projects become less viable, and the benefits reduce over time. It’s a choice between building in climate resilience or locking in climate vulnerability.</li>
</ol>
Jonathon Porritt CBE  
An eminent writer and campaigner on sustainable development and President of Population Matters.  
<ol>
<li> For wind, solar and storage to accelerate at the speed that is now so desperately needed, we need, first, to kill oil. And then to kill gas. This terminology will offend some people. “Oil Kills” is the latest slogan from Just Stop Oil, and many disagree with JSO’s combative, uncompromising tactics. But the time for cohabitation is long gone. Our continuing addiction to oil (as President George Bush put it back in 2006!) is already literally killing tens of thousands of people now – and will kill tens of millions in the future. </li>
<li> That’s why people need to hear the whole truth about climate science – we don’t have time for mealy-mouthed niceties any longer. It’s already too late to avoid horrendous costs as we pump more and more CO2 into the atmosphere. But it’s not too late to avoid total breakdown. </li>
<li> Even as we bring an end to the big oil and gas companies, we must protect the economic well-being of all those who work for them – apart from their senior executives, who’ve already benefited enough to last them several lifetimes! We must therefore be prepared to invest in re-skilling these key workers to play their part in the new energy economy emerging so dynamically in our midst.</li>
</ol>

Newsletter CTA

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dun sunset - credit scott maclean

We ask influential climate campaigners for their thoughts on one of the industry’s most pressing issues.     

What three changes do we need to make to achieve a just energy transition by 2030?

Many of these community spaces act as warm refuges for local people to connect and access support services but they are often cold and expensive to heat. Thrive’s funding will help keep these spaces warm, whilst reducing their carbon footprint and energy bills.  
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-7985" src="/wp-content/uploads/2024/11/323931932_2322365031303983_3452364143354907670_n.jpg" alt="" width="2000" height="1500" srcset="https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/11/323931932_2322365031303983_3452364143354907670_n.jpg 2000w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/11/323931932_2322365031303983_3452364143354907670_n-300x225.jpg 300w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/11/323931932_2322365031303983_3452364143354907670_n-1024x768.jpg 1024w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/11/323931932_2322365031303983_3452364143354907670_n-768x576.jpg 768w, https://cms-admin.thriverenewables.co.uk/wp-content/uploads/2024/11/323931932_2322365031303983_3452364143354907670_n-1536x1152.jpg 1536w" sizes="auto, (max-width: 2000px) 100vw, 2000px" />
As part of the application process, applicants were asked to complete a full energy survey of the shared building using guidance provided by CSE to identify potential improvements and calculate carbon and cost savings.  
Nine community centres across the UK have been awarded funding: 
<ul>
<li data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="1" data-aria-level="1">Trinity Arts Centre near Avonmouth wind farm, Bristol </li>
</ul>
<ul>
<li data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="2" data-aria-level="1">58th Fife (Glenrothes) Scout Group near Dunfermline wind project, Fife </li>
</ul>
<ul>
<li data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="3" data-aria-level="1">Grange Methodist Church near Caton Moor wind farm, Lancashire </li>
</ul>
<ul>
<li data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="4" data-aria-level="1">St Werburghs City Farm near Avonmouth wind farm, Bristol </li>
</ul>
<ul>
<li data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="5" data-aria-level="1">Dunfermline St Columba&#8217;s Church of Scotland near Dunfermline wind project, Fife  </li>
</ul>
<ul>
<li data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="6" data-aria-level="1">Tivetshall Village Hall near Eye wind turbine, Norfolk </li>
</ul>
<ul>
<li data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="7" data-aria-level="1">Seething and Mundham Village Hall near Ness Point wind turbine, Norfolk </li>
</ul>
<ul>
<li data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="8" data-aria-level="1">Satterwaite Parish Room near Haverigg wind turbine, Cumbria </li>
</ul>
<ul>
<li data-leveltext="" data-font="Symbol" data-listid="2" data-list-defn-props="{&quot;335552541&quot;:1,&quot;335559685&quot;:720,&quot;335559991&quot;:360,&quot;469769226&quot;:&quot;Symbol&quot;,&quot;469769242&quot;:[8226],&quot;469777803&quot;:&quot;left&quot;,&quot;469777804&quot;:&quot;&quot;,&quot;469777815&quot;:&quot;hybridMultilevel&quot;}" aria-setsize="-1" data-aria-posinset="9" data-aria-level="1">Radio City Association near Kilbirnie wind turbine, Ayrshire </li>
</ul>
The grants will enable these community organisations to make crucial energy efficiency improvements to their buildings ahead of winter, such as roof, window and wall insulation, double glazing and LED lighting.  
Since we first started the programme in 2016, we have awarded 70 grants to 58 buildings, totalling over £225,000 nationally. As of 2024, the energy efficiency improvements funded by Thrive are saving an estimated 94 tonnes of carbon dioxide emissions each year.

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In round eight of our Community Benefit Programme, we’re helping nine community centres stay warm this winter.  

Thrive awards £33,000 in energy efficiency grants to community hubs across the UK

According to the Grantham Research Institute on Climate Change and the Environment, a “just transition seeks to centre the interests of those that are most affected by the low-carbon transition, including workers, vulnerable communities, suppliers of goods and services, specifically small and medium-sized enterprises (SMEs), and consumers.”  
We truly believe in the need for climate action to be fair and inclusive and have been balancing the needs of people with those of the planet for 30 years. Here are just some of the ways Thrive is working to ensure we achieve a just energy transition in the UK. 
Helping ordinary people to take a stake in the transition 
We believe in the power of together. A world where everyone can be part of the clean energy generation. Putting money to work building new sustainable energy projects, we empower people to take action to address the climate emergency. To help us directly fund and build new clean energy projects, we raise the majority of our capital through crowdfunding – making the UK energy transition more accessible by allowing large numbers of people to be part of the solution.  
Facilitating community ownership 
Recognising the appetite of local communities to build and own their own renewable projects, we created our award-winning community energy funding bridge in 2017 to provide funding certainty and expertise. The first project we facilitated was at Mean Moor in Cumbria, enabling the local community group to purchase the 6.9 MW wind farm, which was repaid in 2019. It meant that Mean Moor became the first commercial scale wind farm in the country to transfer to 100% community ownership.  
Since then, we’ve invested over £21 million into six community-led wind and solar projects including England’s largest onshore wind project based in our home city of Bristol. The Ambition Community Energy turbine provides a deprived community with a source of revenue, while preparing local people to take their place in the changing green economy through community-based advice, support and upskilling. 
Supporting businesses to decarbonise  
We help businesses to decarbonise by funding direct wire renewable projects e.g. installing a wind turbine or solar array on their commercial premises. Providing them with a direct supply of clean power, we empower businesses to take their place in the UK’s energy transition, while cutting costs and reducing the carbon consumption of their operations.  
We first invested in direct wire back in 2010, building projects including a 5MW wind farm on the Airfield Industrial Estate in Mid-Suffolk, which to this day provides clean electricity to a big local employer. As well as helping the company to better manage its energy costs, the project also makes an annual contribution to Mid-Suffolk District Council which is then distributed to worthwhile community initiatives. Fast forward 14 years and we’ve invested in three direct wire wind projects, as well as a portfolio of solar rooftops for schools and businesses across the UK. 
Working collaboratively as a force for good 
We believe in looking beyond profit, putting as much emphasis on environmental and social impact as we do on financial. We are a multi award-winning certified B Corp and member of Bristol Climate and Nature Partnership, Better Business Act and the SME Climate Hub, collaborating to improve business ethics and accountability.  
We recognise that as human beings we will not always get it right, but we are transparent about the challenges we face, actions we take and how decisions are made. We will continue learning, improving and working together with like-minded businesses and organisations to serve our communities and bring about positive change.

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Chris Watt Photography_427

As we celebrate 30 years generating clean energy, we share how we’re helping to accelerate a just transition so that no one is left behind in the move to a green economy.   

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