The loan arrangement with Triodos is just one example of Thrive’s blended funding approach, focused on getting new renewable capacity built quickly and in a way that puts people and planet at the heart. This includes equity from its 6,000 shareholders as well as other strategic partners. The company is currently running a share offer via Triodos Bank’s crowdfunding platform, to enable individual retail investors to take a stake in new clean energy projects. Over £1.8 million has been raised so far.

Matthew Clayton, CEO of Thrive Renewables, commented: “Thrive exists to tackle the climate emergency, bringing together investors, developers, businesses and communities to fund, build and operate clean energy projects. With an exciting pipeline and projects progressing in construction, it’s great to be able to put this money to work straight away, helping accelerate the UK’s transition to a cleaner, fairer energy system.”

Norrie Cruickshank - Senior Relationship Manager at Triodos Bank UK, said: “We really like what Thrive is doing. By allowing everyday investors to play a part in the systemic shift happening in the UK energy system they are engaging people in positive climate solutions. We hope that this new finance helps them to continue to grow and excel at what they do so well.”

Thrive is a pioneer of over 30 years in the UK’s clean energy sector, working with investors, developers, businesses and communities to fund, build and operate projects. The organisation has already funded 45 wind, solar, hydro, storage, tidal and geothermal projects, including six that are community-owned.

Other notable projects include England’s largest, onshore wind turbine which is 100% community-owned, and the United Downs Geothermal project in Cornwall.

The UK Government has plans to reform the energy system, with an ambition to double onshore wind, triple solar and quadruple offshore wind by 2030. The renewed focus on onshore wind is welcome and Thrive have been actively involved in the finance working group for the Government’s onshore wind taskforce.

Triodos Bank UK, which along with Thrive Renewables is an accredited B Corporation, specialises in finance for organisations with a clear social and environmental purpose, and has three decades of experience in the renewable energy sector.

Thrive Renewables were advised by TLT LLP, while Triodos Bank UK received legal counsel from Michelmores.

 

-Ends-

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

Alex Lomax, Thrive Renewables

Notes to editors
This communication is exempt from the general restriction to make financial promotions in section 21 Financial Services and Markets Act 2000. This communication is intended only for investment professionals and those who are in the business of disseminating investment information. Anyone who does not have professional investment experience should not rely on the contents of this communication.

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.

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.

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.