Thrive Renewables PLC is a public company, initially founded by Triodos Bank in 1994. It is one of the most widely owned renewable energy companies in the UK with a community of 5,518 shareholders.
Business founded
1994
Headquarters
Bristol
What they do
Thrive Renewables develops and operates small to medium-scale renewable energy projects across the UK. It now operates 19 onshore wind farms, one hydro-electric scheme and one solar farm. The renewable electricity generation capacity into which Thrive has invested increased by 28% from 81.8 MW in 2016 to 104.9 MW in 2017. Read more
Financial performance
In 2017 Thrive Renewables raised £9.96m from 940 individuals via the Thrive Renewables PLC bond. In the same year Thrive also generated a record turnover of £15.6m and an operating profit of £4.4m.
Revenue
(Change on last year)£15.6 million
+15%
Operating Profit
(Change on last year)£4.4m
+60%
Social performance
The Thrive Community Energy Funding Bridge provides communities with the expertise, funding and certainty required to acquire operational renewable energy projects from commercial owners, then allows the community the time required to raise their own funding to replace Thrive Renewables.
Key social performance indicator
£11.4 million
Invested in 2017 helping three communities to secure community ownership for two wind farms and one solar project.
Governance and people
Simon Roberts (OBE)
Chairman
Matthew Clayton
Managing Director
Katrina Cross
Finance Director and Company Secretary
Who benefits
Thrive Renewables establishes wind turbines and other renewable energy projects in the UK, helping to avoid CO2 emissions and connecting people to sustainable energy by offering accessible opportunities for individuals and businesses to invest in clean energy projects that deliver financial, environmental and social rewards.
Drumduff
The site of this three-turbine project is an old, disused open cast coal mine to the north of Blackridge in West Lothian, Scotland and close to the main train line between Glasgow and Edinburgh.
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