Thrive Renewables
Thrive puts your money to work building new sustainable energy projects, empowering you to take action to address the climate emergency.
In its 30-year history Thrive has funded 44 wind, solar, hydro, storage, tidal and geothermal projects across the UK, including six that are community-owned. It has raised over £63 million from a community of over 6,000 Shareholders and 1,000 bondholders. Thrive manages £114 million of assets, the majority of which are projects that it owns and operates.
The share offer
In 2023, Thrive announced that it would double the amount of clean energy capacity it funds by 2028 and the company is well on its way to delivering this ambition.
Thrive has secured development rights for projects that will take its total capacity from 91.5 to 170.1MW by 2027. This includes two onshore wind projects: a 12.6 MW project in Wales and a 57 MW project in Scotland with construction already underway.
Thrive also has a very strong pipeline of both community-owned and solar projects to fund and this share offer is part of its capital raising plans to deliver these.
Key terms
Issuer
Thrive Renewables Plc
Term
This is an investment in the shares of an
unlisted company and there is no guarantee over the availability or timing of
an exit. Thrive Renewables Plc is not listed on a recognised exchange.
Minimum investment
£247 (100 shares)
Offer price per share and share bundle
£2.47, shares to be bought in bundles of 100 shares (£247)
Target return
5-8% per year through a combination of dividends and share price
appreciation. The range of return outcomes reflects the dynamic and shifting
nature of the energy market. Payment of dividends and ability to sell shares are not guaranteed.
Example share bundles
| Number of shares (£2.47 each) |
Number of units (100 share bundles) |
Investment amount |
| 100 |
1 |
£247 |
| 200 |
2 |
£494 |
| 300 |
3 |
£741 |
| 400 |
4 |
£988 |
| 500 |
5 |
£1,235 |
| 1000 |
10 |
£2,470 |
| 1500 |
15 |
£3,705 |
| 2000 |
20 |
£4,940 |
| 5,000 |
50 |
£12,350 |
| 10,000 |
100 |
£24,700 |
Impact
Thrive will continue to invest in new renewable
energy generation with wind, solar and hydro alongside battery storage and
other assets needed for the transition to net zero.
Tax relief
Like all shares in unlisted companies, Thrive shares can qualify for inheritance tax relief. Tax eligibility and savings depend on individual circumstances and are subject to change.
Transferability
Shares are transferable but are not listed on any investment exchange. Thrive shares can be traded through monthly share auctions. It may be difficult to sell shares at a price investors wish to sell them for and the shares may take time to sell. Investors should be prepared to hold the shares for the long term.
Timetable
The offer is scheduled to close on 30 June unless extended at discretion of the Directors. Shares are issued by the registrar Computershare 14 days after closing date.
Capital at risk warning
Investing in the shares of a company 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.
