Annual results to 31st December 2019
In 2019 Thrive Renewables achieved an operating profit of £4.1m on revenue of £13.8m compared to an operating profit of £5.4m on turnover of £16.5m in 2018.
Thrive’s total investment portfolio generated 198,339MWh in 2019. The reduction of 18.4% from 2018 (243,018MWh) reflects their exit from two operational projects which continue to generate clean electricity but no longer contribute to their own impact.
The company’s owned portfolio generated 128,626MWh during 2019. This was lower than 2018 (160,724MWh) for the same reason. On a like-for-like basis, excluding the two operational projects sold during 2019, the owned portfolio generated 6% less
during 2019 than 2018 due to a combination of reduced wind resource and technical issues.
Excluding the impact of market based financial instrument gains and losses the underlying pre-tax profit for 2019 was £18,321,196, increased from £3,354,342 in 2018.