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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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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.

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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

Thrive was recently asked to speak at an event hosted by The Grantham Institute, bringing people together from across sectors to explore how businesses depend on and impact nature. And once again it reminded us of the need for continued, collective transformation if we’re to protect the UK’s biodiversity into the future.  
Biodiversity is everyone’s business 
Biodiversity is intrinsically linked with climate change – a challenge that is more widely acknowledged. That’s because biodiversity acts as the Earth’s natural defence system, with our oceans, forests, wetlands, swamps and other ecosystems helping to neutralise carbon emissions. In fact, research by The Nature Conservancy found that <a href="https://www.sweco.co.uk/transform/nbs/" target="_blank" rel="noopener">nature-based solutions</a> will provide up to 37% of the emission reductions needed by 2030 to keep global temperature increases under 2°C, potentially saving an estimated 11.3 billion tons of CO2e from being released into the atmosphere. This includes everything from building green roofs, using plants to absorb rainwater and cool buildings, to encouraging beavers to build dams to help stop flooding. 
From a business perspective, nature loss significantly disrupts supply chains, while also exposing companies to severe regulatory and reputational risk. Enhancing biodiversity should therefore be a top priority for companies looking to remain resilient, profitable and – quite frankly – do the right thing in a changing world. 
The opportunities in renewable energy 
We talk a lot about biodiversity net gain (BNG), which is a mandatory planning framework in England that requires developers to ‘leave the natural environment in a measurably better state than beforehand’. 10% BNG is the base line but there’s a real opportunity to go above and beyond this, for example we encourage creativity when working with ecologists – like creating an adjacent nature garden at our Bristol battery project. There are also opportunities to improve public access to the ecosystems close to sites – at Whitelaw Brae in Scotland, we’re planting thousands of native trees and establishing a new network of paths that will form part of the new River Tweed walking trail.  
Actively engaging with and promoting a circular economy can also protect against nature loss. There’s a growing opportunity for low carbon and recycled steel in development projects, while focus should also be given to how technologies like wind turbines are maintained – such as repurposing materials that have been historically hard to refurbish. For example, at our Sigurd turbine in Orkney we worked with a Scottish company called Reblade to repurpose the blades into EV charging points and bus shelters. This effectively reduces our waste related risks whilst also reducing supply chain related risks for other organisations.    
How we approach nature and biodiversity when building new clean energy projects  
As a renewable energy investment company, the risk we think about most is the potential impact to habitats and species during the construction and operational phases of a project. We mitigate any impact through extensive ecological surveys, which inform what we build and where. We also develop an ongoing biodiversity management plan for each site with specific targets – committed to implementing at least 10% biodiversity net gain while identifying any additional voluntary, site-specific enhancements that could be made.  
Due to the nature of our work, we also need to think about how we influence the supply chain. Thrive does thorough due diligence on suppliers and their products, but it’s important that we continue using our voice to advocate for greater transparency and standards within the industry. One thing we’re particularly proud of is feeding into the development of the Solar Stewardship Initiative ESG standard, which is now being used to assess solar manufacturers. The standard includes requirements for responsible biodiversity management and going forward we can see which manufacturing facilities have been assessed against this standard. Although there’s much more that can and should be done, if buyers like us demand products that protect and enhance nature, suppliers will have no choice but to adapt.

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In a changing word, biodiversity is everyone's business. 

Wild world: How business is contributing to a nature positive planet

This means we have now raised over £70 million to date (most of that via crowdfunding), empowering thousands of people to take a stake in clean energy projects that tackle climate change and benefit communities.
Triodos Bank UK’s corporate finance division acted as lead adviser and promoter in respect of the bond offer, with the retail portion raised through the Triodos Bank crowdfunding platform.

The capital raised will support the development and construction of two new wind farms in Scotland and Wales and provide funding to enable communities to build and own their own local projects.
Construction is already underway at Whitelaw Brae wind farm in the Scottish Borders, which – with 14 turbines and 57MW capacity – is our biggest project to date. Once operational, it will be capable of generating up to 149,400 MWh of clean electricity per year, the equivalent of powering around 45,000 average UK homes, and delivering 65,000 tonnes of carbon dioxide emissions reductions annually.
Funding will also be used for the development of Abergorki wind farm in Rhondda Cynon Taf, South Wales. The three-turbine project is expected to begin operating in 2028 and will be capable of generating up to 40,000 MWh of clean electricity per year, the equivalent of powering over 12,400 average Welsh homes.
We are continuing to make an impact by investing in community energy, with capital also going into community-owned wind and solar, providing the flexible funding to get local projects built and operational. Last year we announced our new joint venture, Community Energy Catalyst (CEC), which will invest up to £40 million in new community projects, and have committed to offering community groups the opportunity to buy a share of any new projects we acquire.

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Investment from The Archbishops’ Council and Rathbones will help us fund new renewable energy projects, including community-owned wind and solar.

New funding from institutional investors brings total bond raise to £7 million

Net zero economy is booming 
Net zero is already one of the UK’s most productive and geographically distributed sectors in the UK. <a href="https://www.cbi.org.uk/articles/net-gains-the-uks-net-zero-economy-in-2025/" target="_blank" rel="noopener">Recent analysis</a> by Confederation of British Industry (CBI) and Energy Climate &amp; Intelligence Unit (ECIU) shows net zero is now a £105 billion sector, supporting 1.1 million jobs and underpinning 23,500 businesses – surpassing the direct economic contribution of the UK’s entire architectural and engineering sector. Scotland is a particular hotspot, supporting over 105,000 jobs and representing nearly 5% of Scotland’s total economic output. 
Wind and solar outpace gas 
In April, wind and solar combined generated more electricity than gas globally for the first month ever. <a href="https://www.reuters.com/business/energy/global-wind-solar-power-outpace-gas-first-time-april-report-shows-2026-05-20/?mc_cid=6cd3d6751b&amp;mc_eid=4bbe8a52ea" target="_blank" rel="noopener">Fresh data from Think Tank Ember</a> shows that together wind and solar generated 22% of global electricity in April, compared with 20% from gas. Combined wind and solar output is estimated to have grown 13% year on year across the globe. And in the UK, renewables reached a new quarterly record, <a class="Hyperlink TrackedChange TrackChangeHyperlinkInstruction SCXW243298903 BCX8" href="https://www.renewableuk.com/news-and-resources/press-releases/renewables-hit-new-quarterly-record-and-generate-majority-of-uk-s-electricity-as-wind-leads-the-way/" target="_blank" rel="noreferrer noopener">generating 53% of UK’s electricity</a> in the first few months of 2026, driven largely by a significant increase in wind generation. 
The public back renewables for energy security 
<a href="https://www.renewableuk.com/news-and-resources/press-releases/polling-shows-british-public-places-higher-importance-on-new-infrastructure-to-boost-energy-security-and-cut-bills-rather-than-visual-impact-of-new-projects/" target="_blank" rel="noopener">New polling</a> across England, Scotland and Wales shows the public place higher importance on new infrastructure to boost energy security and cut bills rather than the visual impact of new projects. Just 11% of respondents selected visual impact as a main consideration for energy needs, with significantly larger portions of the public prioritising industrial competitiveness (39%), reducing air pollution (37%) and protecting existing jobs (25%). Another <a href="https://www.renewableuk.com/news-and-resources/press-releases/public-backs-clean-power-to-strengthen-uk-energy-security/" target="_blank" rel="noopener">new report</a> has also found that almost two-thirds (63%) of the UK public think clean power strengthens energy security.

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

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