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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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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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Be part of the clean energy movement

Built on the Inverbroom Estate, we were approached to bridge a funding gap, complementing the £6.7 million of long-term loans being provided by Virgin Money (Clydesdale Bank).
Connected to the grid in October 2020, Loch a Bhraoin has the potential to generate enough renewable electricity for around 2,250 average UK homes, saving more than 3,800 tonnes of CO₂ emissions annually. With the loan now repaid, it’s a great example of investors, developers and landowners working together to get new renewable energy projects built!

We provided a mezzanine loan of £1.8 million to Inverbroom Hydro for the construction of a 2MW hydro-electric project in the Scottish Highlands. 

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Credit Hugh Wallace (3)

We part funded the construction and early operation of a 2MW hydro-electric project in the Scottish Highlands.

Boosting Scotland's hydro capacity

Inverbroom case study

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.

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Net zero economy is booming and the public want more renewables - latest good news from the sector. 

We’re in the clean energy era – here are the facts to prove it.

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.
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[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

This year’s Better Business campaign is focused on highlighting the need for modern business law to keep pace with a society that has evolved significantly over the past couple of decades. As you can see, we at Thrive have certainly changed a lot, but we remain true to our mission which is even more relevant in today’s volatile world.  
20 years Thrive-ing – 2006 vs 2026 
In 2006, we were growing a small but ambitious clean energy portfolio– having just purchased Caton Moor and Sigurd wind projects. In total the portfolio had a capacity of just under 23MW.  
Fast forward 20 years, Thrive has built and funded over 45 clean energy projects across the UK, including investing in pioneering projects like the UK’s first geothermal power plant and England’s largest onshore wind turbine. Today we have £121 million of assets under management, with a combined portfolio capacity of 175MW.

Modern business law isn’t keeping up 
It’s fair to say a huge amount has changed for our business and the wider sector too, but modern business law isn’t keeping up. Together with thousands of businesses across the UK, we’re supporting the Better Business Act campaign to change that by calling on the UK government to amend Section 172 of the Companies Act. This will legally require UK businesses to balance the long-term interests of people, planet, and profit.  
Why better business is better for business   
Having already embedded Section 172 into our Articles of Association, Thrive is living proof that it is possible to prioritise social and environmental impact alongside profit. We’re proud to be recognised in the top 3% of UK B Corps for our ongoing commitment to environmental and social justice.  
UK B Corps like Thrive have spent years proving that this type of governance doesn’t just benefit people and planet – it’s better for business too. B Corps’ turnover growth is almost 7 times higher than all UK SMEs, and over the past decade they have attracted 18% more growth funding from external investors than comparable UK businesses.   
On 9th June for Better Business Day, we’ll be joining the call for the government to upgrade to better business now. Find out how you can get involved with the campaign <a href="https://betterbusinessact.org/" target="_blank" rel="noopener">here</a>.

Boosting Scotland's hydro capacity

We part funded the construction and early operation of a 2MW hydro-electric project in the Scottish Highlands.

Get in touch with a member of our investment team

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