The share offer
Thrive has ambitious plans to build more onshore wind, solar, geothermal and battery storage projects over the next five years. This £2 million raise is part of a wider share offer to raise £10 million in the next six months.
Thrive’s pipeline of projects includes helping to fund 192 MW of new solar PV and battery storage through its £20 million investment in Ethical Power. The company also plans to fund more ‘direct wire’ projects, giving UK businesses access to a direct supply of clean electricity, and community energy groups building their own clean energy projects locally. The investments that Thrive makes will be subject to its financial and impact driven criteria and to market conditions.