Annual results to 31st December 2018
In 2018 Thrive Renewables achieved an operating profit of £5.4m on revenue of £16.5m compared to an operating profit of £4.4m on turnover of £15.6m in 2017.
The existing portfolio experienced marginally reduced availability and wind speeds in 2018 amounting to 4,786MWh of reduced generation compared to 2017 (3%). But new capacity added of 5,157MWh from a full year of operations at Drumduff has meant that generation overall was up by 371MWh,
Excluding the impact of market based financial instrument gains and losses the underlying pre-tax profit for 2018 was £3,354,342, increased from £2,114,567 in 2017.