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 |
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Last night saw the first climate crisis party leaders’ debate in history. This is the issue of our time and the greatest existential threat humanity will face. We have just 11 years to turn the climate-change super tanker around and the next government could be in power for 5 of those years, so this type of national conversation is absolutely vital.
Posted: 29 Nov 2019
Press Releases
Renewable energy investment company, Thrive Renewables, has acquired a new wind farm site near Girvan, South Ayrshire in Scotland. The project, to be named Chapelton wind farm, has planning and land rights for three turbines and initial ground works have commenced.
Posted: 26 Nov 2019
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The UK renewables sector is currently experiencing a severe skills shortage.
Posted: 21 Nov 2019
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)
