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 6,096 investors.
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 16 onshore wind farms, one hydro-electric scheme and holds investments into battery storage and ground source heating developers. Thrive has contributed to 104 MW of renewable generation capacity, an increase of 65% since 2014. Read more
Financial performance
In 2019 Thrive Renewables generated a turnover of £13.8m and an operating profit of £4.1m.
Revenue
(Change on last year)£13.8 million
-16%
Operating Profit
(Change on last year)£4.1m
-24%%
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
£47 million
renewable assets under management
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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