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“Thrive is an ethical business with genuine integrity, we were established to enable to people to directly benefit from investing in sustainable energy projects. Nearly 30 years on, our mission is still the same and our impact is even more relevant.
We are now targeting significant growth again as the UK transforms to a zero-carbon energy system, supporting government targets and the environmental imperative to fully decarbonise the electricity system by 2035.”
Matthew Clayton, Managing Director – Thrive Renewables PlcThrive
Thrive has been working towards a clean in the UK for nearly 30 years. It manages £96 million of assets including onshore wind, commercial rooftop solar, battery storage and small hydro and has a stake in the UK’s first deep geothermal electricity generation project in development. .Over 5,900 investors have supported Thrive in its work towards the transition to a clean, low-carbon energy system. Having consistently delivered new renewable energy capacity through a period of momentous change, Thrive is now targeting to scale up to build more solar, battery storage, wind and geothermal resource. The UK needs a fourfold increase in electricity capacity to meet its net zero target.
The share offer
The money raised through this share offer will support Thrive to invest in its pipeline of renewable electricity generation and battery storage projects.Thrive plans to invest in:
- Grid connected renewable generation – building new wind and solar electricity generation projects.
- Grid connected battery storage – installing electricity storage on the network providing the flexibility required to balance supply and demand in a system benefiting from a growing volume of renewable electricity generation.
- Private wire renewable generation – direct supply of solar and wind electricity generation projects to commercial and industrial consumers, lowering their carbon footprint, reducing their energy costs and enhancing the environmental credentials of the hosts products.
Invest in a cleaner energy system for the next generation
Issuer
Thrive Renewables Plc
Target amount
£5,000,000 (up to £10,000,000)
Environmental 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.
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
£94 (40 shares)
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 is not guaranteed.
Offer price per share
£2.35
Transferability
Share 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.
Minimum raise
£1,000,000. If less than £1,000,000 is raised, monies will be returned to investors.
Timetable
First close on 29 July 2022, unless fully subscribed earlier or the offer is extended. Share are issued 14 days after close.
Capital at risk - warning
Investing in the shares of an unlisted 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.
Share bundles
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Offer is closed
Offer Closed“Thrive is an ethical business with genuine integrity, we were established to enable to people to directly benefit from investing in sustainable energy projects. Nearly 30 years on, our mission is still the same and our impact is even more relevant.
We are now targeting significant growth again as the UK transforms to a zero-carbon energy system, supporting government targets and the environmental imperative to fully decarbonise the electricity system by 2035.”
Matthew Clayton, Managing Director – Thrive Renewables PlcThrive
Thrive has been working towards a clean in the UK for nearly 30 years. It manages £96 million of assets including onshore wind, commercial rooftop solar, battery storage and small hydro and has a stake in the UK’s first deep geothermal electricity generation project in development. .Over 5,900 investors have supported Thrive in its work towards the transition to a clean, low-carbon energy system. Having consistently delivered new renewable energy capacity through a period of momentous change, Thrive is now targeting to scale up to build more solar, battery storage, wind and geothermal resource. The UK needs a fourfold increase in electricity capacity to meet its net zero target.
The share offer
The money raised through this share offer will support Thrive to invest in its pipeline of renewable electricity generation and battery storage projects.Thrive plans to invest in:
- Grid connected renewable generation – building new wind and solar electricity generation projects.
- Grid connected battery storage – installing electricity storage on the network providing the flexibility required to balance supply and demand in a system benefiting from a growing volume of renewable electricity generation.
- Private wire renewable generation – direct supply of solar and wind electricity generation projects to commercial and industrial consumers, lowering their carbon footprint, reducing their energy costs and enhancing the environmental credentials of the hosts products.
Invest in a cleaner energy system for the next generation
Issuer
Thrive Renewables Plc
Target amount
£5,000,000 (up to £10,000,000)
Environmental 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.
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
£94 (40 shares)
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 is not guaranteed.
Offer price per share
£2.35
Transferability
Share 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.
Minimum raise
£1,000,000. If less than £1,000,000 is raised, monies will be returned to investors.
Timetable
First close on 29 July 2022, unless fully subscribed earlier or the offer is extended. Share are issued 14 days after close.
Capital at risk - warning
Investing in the shares of an unlisted 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.
Share bundles
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