By working collaboratively with developers, businesses and communities we’re able to get more clean energy projects built, faster. Gevens is one of two collaborative projects in Scotland that we delivered together with Renewable Energy Ventures (REV) through a mezzanine debt facility (junior loan). In 2015 we provided a £2.7 million mezzanine loan to plug a funding gap for REV to continue owning and building Gevens wind farm in Fife. The three turbine wind farm was constructed during the summer of 2016 and started operating almost immediately in the Autumn. Our second project with REV – a 4.6MW wind farm on the Brotherton Estate in Aberdeenshire – was delivered a year later.  

REV sold both projects and repaid Thrive’s funds in 2019 and 2020. The new owner facilitated the continued operation of the two wind farms.  We used the funds repaid to us to grow more wind, solar and thermal energy in other parts of the UK.