Thrive Renewables has launched a new share offer to support its aim to double the amount of renewable energy generation capacity in its portfolio over the next five years.

Thrive Renewables’ pipeline includes several large-scale solar PV and battery storage projects through its £20m investment in infrastructure company Ethical Power. Thrive has also recently invested £4m in community energy group, ATTIX CIC, to build Scotland’s first subsidy free, 100 per cent community-owned onshore wind turbine just outside Kilbirnie, North Ayrshire. These new deals will complement an existing portfolio of 22 operational projects and delivered the equivalent of 28,000 tonnes of carbon dioxide emissions reductions in the first half of 2023.

Other recent development projects include providing £4m funding to construct England’s largest onshore wind turbine, which is wholly community-owned, and a 20MW battery in its home city of Bristol, plus a total of £6m investment in United Downs – the UK’s first deep geothermal electricity generation plant in Cornwall, which also has the potential for the extraction of lithium for battery manufacture.

Matthew Clayton, managing director of Thrive Renewables, commented: “We’re building on a track record of almost 30 years with ambitious plans to double our generation capacity over the next five years.”

Thrive Renewables was first established by Triodos Bank as The Wind Fund in 1994, to provide retail investors with the opportunity to invest directly in clean energy projects. Since 2016, the company has been independent of Triodos Bank.

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