In 2023, Thrive announced ambitious growth plans, with an aim to double the amount of capacity it funds by 2028. Two years later, it has already made significant progress with this goal, securing new project development rights that will take its total capacity from 91.5 to 170.1MW by 2027.

In its headline annual results also announced today, Thrive reported a revenue of £26 million and operating profit of £11.3 million. In 2024, it also invested £20.6 million back into new clean energy projects.

Thrive works with investors, developers, businesses and communities to fund, build and operate clean energy projects. In its 30-year history, the organisation has raised over £63 million from crowdfunding and has funded 44 wind, solar, hydro, storage, tidal and geothermal projects, including 6 that are community-owned.

The company continues to innovate in the way it raises and deploys capital. Two significant developments include a co-investment partnership with TopCashback Sustainability, which will enable Thrive to deploy an additional £40 million of capital by match funding what it invests. The company has also recently announced a new match funding partnership with leading social impact investor, Better Society Capital, bringing together £40 million for community-owned wind and solar projects across the UK. Fair Play Clean Energy, Thrive’s joint venture with TopCashback Sustainability, will provide £20 million of the investment, with Better Society Capital providing matched funding.

Thrive’s notable projects include England’s largest, onshore wind turbine which is 100% community-owned, and the United Downs project in Cornwall, which will soon generate the UK’s first geothermal electricity. Most recently, the company has acquired the development rights for two new onshore wind farms in the UK, totalling over 69MW, and has solar and community-owned projects also in the pipeline.

The Government's plans to reform the energy system, with an ambition to double onshore wind, triple solar and quadruple offshore wind by 2030, mean that Thrive Renewable’s growth plans come at a key time for the wider sector.

Matthew Clayton, CEO of Thrive Renewables, commented: “Since its foundation, Thrive has been connecting people with clean energy projects right across the UK. 30 years on, the climate emergency is at crisis point and many of the world’s leaders are not stepping up or taking action fast enough. This latest crowdfunding raise has the potential to bring together thousands of individuals and impact-driven corporate investors to help create a fairer, brighter future where everyone benefits from cheaper electricity.”

Thrive Renewables has worked with Triodos Bank on all of its share offers and now has over 6,000 shareholders. The bank has also provided debt finance for a number of the company's renewable energy projects.

Whitni Thomas, head of corporate finance at Triodos Bank UK, added: “It’s great to be working with the Thrive Renewables team again to bring this share offer to investors. The UK electricity market has transformed in the last 20 years and 2024 was a record year for renewables. Thrive allows everyday investors to play a part in that systemic shift and deliver positive climate solutions.”

The minimum investment in the crowdfunding offer is £247 (100 shares)  and shares can be held in a self-invested personal pension (SIPP). The company is targeting 5-8% return per year through a combination of dividends and increasing share value, and Thrive shares can qualify for inheritance tax relief. This should be seen as a long-term investment. As with all investments, returns are not guaranteed, and investors may not get back all, or any, of their original investment.

Thrive’s Directors have recommended a dividend for 2024 of 12 pence per share be approved by shareholders at its AGM in June 2025. Investors should note that past performance is no indication of future likely performance.

 

Important information

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.


Investing in shares involves risk – including potential for loss of capital – as the value of shares may go down as well as up. The payment of dividends and the target return on equity are not guaranteed. Shares can be sold through a monthly share auction should there be buyers but may take time to sell. Tax eligibility and savings depend on individual circumstances and are subject to change.

Investments are not covered by the Financial Services Compensation Scheme (FSCS) and your capital is at risk and returns are not guaranteed.  You should always read the offer document in full before deciding whether to invest as it will cover risks specific to an individual investment. You can read more about the general risks associated with making these types of investments here. If you are unsure if any of these investments are right for you, you should contact an Independent Financial Adviser.

 

-Ends-
For further information please contact:
Ellie James, Triodos Bank UK

Alex Lomax, Thrive Renewables

Notes to editors
Thrive Renewables PLC published an offer document dated May 2025. Applications can only be made on the basis of, and subject to, the terms and conditions of the information contained in the offer document which includes the terms and conditions of the Triodos Crowdfunding website. Thrive Renewables plc is a private limited company, incorporated in England and Wales (registered number 02978651) under the Companies Act 1985 with registered office at Deanery Road, Bristol, Avon, BS1 5AS.

About Thrive Renewables
Thrive Renewables is a renewable energy investment company that has been funding, building and operating renewable energy projects in the UK for 30 years.

The company’s operational portfolio currently consists of 24 projects, plus further renewable energy projects in development. Its portfolio generated over 132,000 MWh of clean electricity in 2024, delivering emissions reductions equivalent to 61,810 tCO2e.

Vision: We believe in the power of together. A world where everyone can be part of the clean energy generation.

Mission: Putting money to work building new sustainable energy projects and empowering people to take action to address the climate emergency.

About Triodos Bank
Founded in 1980, Triodos Bank has become a frontrunner in sustainable banking globally. As an independent bank that promotes responsible and transparent banking, it does not see any conflict between a focus on people and the planet and a good financial return. Instead it believes that they reinforce each other in the long-term.

Triodos Bank has banking activities in the Netherlands, Belgium, the UK, Spain and Germany, as well as Investment Management activities based in the Netherlands but active globally. Triodos Bank co-founded the Global Alliance for Banking on Values (GABV), a network of sustainable banks. Together these banks want to grow sustainable banking and its impact on the real economy substantially.

This financial promotion has been issued by Triodos Bank UK Limited. Triodos Bank UK Ltd is a wholly owned subsidiary of Triodos Bank NV. Registered Office: Deanery Road, Bristol, BS1 5AS. Registered in England and Wales Company No. 11379025. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008. VAT reg no 793493383.