Cookies are small text files that are placed on your device by websites that you visit. If you click accept, we will use cookies that track your activity across other websites, help improve your browsing experience and serve you personalised content.
If you click decline, we will only use essential cookies that are required for our website to work properly. For more information or to change your preferences, please read our Cookie policy <a href="/cookie-policy/">cookie policy</a>.

Find out more

Link

Investors

Dev Links

Buy and sell shares

Shareholders

Bonds

Overview

2025 half year report

2024 annual report

Projects

Quick Links

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.

Operational

Under construction

Legacy

Impact

As one of the UK’s highest scoring B Corps, we are committed to using our business as a force for good.

Our approach

Community support

30 years Thriving

Project funding

Thrive brings together flexible funding models, proven technologies, and problem-solving people to turn your clean energy project into a reality.

Funding for

Case studies

About

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

About us

Governance

View all

News

Find out more about our new projects, events and industry insight. 

News 

Useful Documents

News and insight

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>.

Sign up to our newsletter to be one of the first to hear about new projects, events and industry insight. Your data will be processed in line with Thrive’s privacy policy, available <a href="/privacy-policy/">here</a>.

Newsletter - thank you

Be part of the clean energy movement

We will be providing the business with a loan of up to £20 million, with the first stage of funding being used for four solar PV projects in England and Scotland (128MW in total), with one currently in construction.
Through various partnerships, Ethical Power owns solar and battery energy storage projects at different stages of development and construction, including two large solar and BESS projects. The company is the principal engineering, procurement and construction (EPC) contractor on these projects, which enables optimal design, streamlined delivery and the most effective use of the resources from development to operation.

Ethical Power got in touch with us as it was looking for additional capital to fund its share of a healthy pipeline of large-scale ground mount solar and battery storage sites, totalling 178MW.

contact-us

Get in touch with a member of our investment team

View all news

Latest news

Sign up to our newsletter to be one of the first to hear about new projects, events and industry insight. Your data will be processed in line with Thrive’s privacy policy, available <a href="/privacy-policy/">here</a>.

ethical-power-project

Ethical Power project

We’re providing the business with a loan of up to £20 million to help fund its share of a pipeline of large scale solar and storage projects.

 Funding Ethical Power’s solar pipeline

Ethical Power case study

Recently, Thrive’s operations team visited our Dunmow solar farm to get hands-on with the biodiversity management on site. With support from our ecology consultant, Wychwood Biodiversity, the team had a productive couple of days preparing soil berms (raised areas of soil) for the creation of a new wildflower-rich grassland habitat. This involved lots of raking to prepare the soil’s surface, before sowing with a seed mix rich with wildflowers, and then compacting the seed.

We are looking forward to seeing the new habitat establish in the coming months as the wildflowers start to germinate. Once established, this diverse grassland habitat will benefit a number of invertebrates and other important wildlife. Alongside other measures on the main site and neighbouring skylark area, the new habitat will will contribute to the site’s overall biodiversity net gain objectives.
Thrive’s biodiversity policy commits us to supporting long-term sustainable development, aligned with the United Nation’s Sustainable Development Goal 15: ‘Life on Land’. We intend to go above and beyond legal requirements with voluntary initiatives tailored on a site-by-site basis and outlined in individual Biodiversity Management Plans.
We acquired Dunmow solar farm in May 2025, and it became operational shortly after, generating enough electricity to power over 8,000 average UK homes in a particularly sunny June. The 10MW solar farm can generate up to 14,500 MWh of clean electricity a year and deliver emissions reductions of 6,337 tCO2e. It is the third project to be funded by which brings together a combined £80 million in capital to fund new clean energy projects in the UK.

Newsletter CTA

default-6

default

Thrive’s operations team visited our 10MW solar farm to help implement biodiversity measures aiming to enhance the nature on site. 

Sowing the seeds for new wildlife habitats at Dunmow solar farm

We’re blown away by the reaction to our latest bond offer! Together we raised £5 million – hitting our target and welcoming over 800 new investors to our community.  The money raised will help us develop and build two new onshore wind farms in Scotland and Wales, and fund more community energy projects. <span class="EOP Selected SCXW29796238 BCX8" data-ccp-props="{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;201341983&quot;:0,&quot;335551550&quot;:1,&quot;335551620&quot;:1,&quot;335559685&quot;:0,&quot;335559737&quot;:0,&quot;335559738&quot;:0,&quot;335559739&quot;:160,&quot;335559740&quot;:278}">

Thrive has raised over £68 million to date via crowdfunding – empowering thousands of people to take a stake in clean energy projects that tackle climate change and benefit communities.  
Funds raised in the latest offer will help fund the construction of our biggest project yet – a 57MW onshore wind farm in Scotland which will be capable of generating enough clean electricity for around 45,000 average UK homes a year. The money is also helping fund the development of our 12.6MW wind farm in South Wales which will be capable of producing up to 40GWh of clean electricity a year once operational.  
We are continuing to champion community energy to enable more people to benefit from renewables in their area. Last year we announced a new joint venture, Community Energy Catalyst (CEC), with social impact investor Better Society Capital which will invest up to £40 million in new community projects. Thrive will also offer community groups the opportunity to buy a share of any new projects it acquires.

chris-watt-photography_87

Chris Watt Photography_87

Reducing our reliance on fossil fuels, for good 

£5 million raised in people-powered crowdfund for new clean energy projects

The problem today  
Even though a lot of the UK’s electricity is now generated cheaply from renewables (<a href="https://assets.publishing.service.gov.uk/media/69cd1451b5210036050bc625/Energy_Trends_March_2026.pdf" target="_blank" rel="noopener">over half of total demand last year</a>), the price we all pay for our electricity is still largely set by gas. This is because our electricity system works on a marginal pricing system (48 auctions per day) which means the last power station needed to meet demand (often a gas power station) sets the price for all electricity. So when global gas prices rise, electricity bills jump too – even if most of our power didn’t come from gas. The link between gas and power prices is  weakening but we need more progress in order for billpayers to benefit. [1] 
Breaking the influence of gas 
The government’s latest announcements aren’t going to fix anything overnight, and they aren’t proposing to reform how the electricity market itself works. But what the measures should do is help reduce the influence of gas on the cost of our electricity, primarily by increasing fixed price contracts for electricity.  
At the moment, around one third of UK electricity comes from renewable projects with an older type of contract under the “Renewables Obligation” scheme (RO). Electricity from RO projects is sold on the wholesale market, at prices frequently set by gas power.  
The government plans to move some of these projects on a voluntary basis onto fixed-price contracts known as Wholesale Contracts for Difference (WCFDs). This would lock in stable prices for these projects that don’t rise when gas prices spike, providing certainty for investors and bill payers alike.  
Government also plans to increase the Electricity Generators Levy (windfall tax) from 45% to 55%, using some of the additional revenue to support businesses and households.  
Next steps 
Thrive has been calling for the decoupling of gas from electricity prices for 10 years and so we’re really pleased to see the government now taking steps to make this happen. Breaking the link will help create a fairer system for billpayers by better protecting them from price shocks caused by gas. It also paves the way to accelerate the rollout of renewables, potentially strengthening the investment case for clean energy projects. Clean power sources like wind and solar are the cheapest ways to generate electricity. So the less gas dominates the price, the clearer the advantage of cheaper renewables. 
As part of the latest announcements, the government also confirmed plans to take forward proposals to deliver the pace and scale of network buildout required to support the Clean Power 2030 target. Plus plans to unlock up to 10GW of clean energy capacity by expanding the deployment of renewables across the Public Estate, including hosting wind and solar farms on brownfield land, industrial sites and railway sites.  
Renewables are already playing an important role in helping to protect consumers from fossil fuel price shocks. In March, record wind and solar saved the UK from gas imports <a href="https://www.carbonbrief.org/analysis-record-wind-and-solar-saved-uk-from-gas-imports-worth-1bn-in-march-2026/?utm_source=cbnewsletter&amp;utm_medium=email&amp;utm_term=2026-04-02&amp;utm_campaign=DeBriefed+Countries+revive+energy-crisis+measures+Record+UK+renewables+Plug-in+solar+savings&amp;mc_cid=4d5c1ca8df&amp;mc_eid=UNIQID" target="_blank" rel="noopener">worth £1 billion</a>. While we await further details, we hope the government’s latest measures will help billpayers to benefit further from the transition towards renewables.  
 As ever, our focus remains on working with the wider sector to build new clean energy projects that will support the UK’s long-term energy security and benefit communities. 
&nbsp;
[1] <a href="https://www.carbonbrief.org/qa-why-does-gas-set-the-price-of-electricity-and-is-there-an-alternative/" target="_blank" rel="noopener">Q&amp;A: Why does gas set the price of electricity – and is there an alternative? &#8211; Carbon Brief</a>

Funding Ethical Power’s solar pipeline

We’re providing the business with a loan of up to £20 million to help fund its share of a pipeline of large scale solar and storage projects.

Get in touch with a member of our investment team

Latest news

21 May 2026

01 May 2026

25 Apr 2026