The Gevens wind farm consists of three 2.3MW turbines just under 100 metres tall. In an exciting break from our traditional approach, Thrive has invested in this project in the form of a mezzanine loan.
The Gevens project is located in Fife, Scotland and is 5km from Kirkcaldy, close to the open water of Loch Camilla and Loch Gelly.
The Gevens project became operational and started generating renewable electricity in September 2016. In a break from our traditional approach, Thrive invested in this project in the form of a mezzanine loan. With changes to the political support for certain renewable technologies during 2016 – through planning and subsidies – this was an exciting step for us. Exploring diverse approaches whilst still ensuring we satisfied our investment criteria and achieved the impact we value.
Our loan allowed the original developer to complete the construction, see their vision of a new renewable energy project through to fruition and to maintain their long term ownership. For Thrive, and our investors, the project added new, clean generating capacity to the grid, may not have been possible without our involvement and now provides a predictable income from interest payable on the loan.
The wind farm itself consists of three turbines with a site capacity of 6.9MW and annual forecast output of 18.4GWh, enough to power the equivalent electricity demand of 4,600 UK homes.
| Turbines | Enercon E48 |
|---|---|
| Number of turbines | 3 |
| Maximum tip height | 79 metres |
| Site capacity | 6.9 MW |
| Operational since | September 2016 |
| Annual forecast output | 18.4 GWh |
| UK homes equivalent | 4,606 |
News
Thrive Renewables continues to operate business as usual. The wellbeing of our team, contractors, suppliers and the wider community is our absolute priority and we are following government guidance. All office- based staff are now working remotely, phone lines are open and levels of service are normal.
Posted: 25 Mar 2020
Press Releases
Thrive Renewables welcomes government announcement on proposed amendments to the Contracts for Difference scheme.
Posted: 03 Mar 2020
Press Releases
Renewable energy investment company, Thrive Renewables, today announces plans to invest up to £6.5 million in the UK’s first geothermal power plant being developed by Geothermal Engineering Ltd. The plant, which is on the United Downs Industrial Estate in Cornwall, aims to supply circa 3 MWe (Mega Watt electrical) of baseload electricity to the National Grid and up to 12MW of renewable heat for local use.
Posted: 12 Feb 2020
There are a variety of methods to work out your own carbon footprint including a simple to use calculator at www.carboncalculator.co.uk
The number of shares you own is printed on your Thrive Renewables share certificate(s)
