Thrive Renewables seeks £7½m bond funding to build two new Scottish onshore wind farms

Matthew Clayton
Matthew Clayton

Thrive Renewables is seeking to raise £7½ million for investment into sustainable energy projects around the UK, including wind farms and solar generation.

The Bristol-based company has a strong pipeline of projects in the UK – including two onshore wind farms in Scotland with combined capacity of 11MW.

Once built these will be able to generate enough electricity for 8,270 homes. Both projects will qualify for renewable obligation certificates (ROCs), an inflation-linked government-guaranteed subsidy.

In addition, the company has a pipeline of 20MW of new wind projects and 15MW of solar PV, which include both community ground mounted and commercial roof sites.

Other projects in Scotland include a major contribution to the construction of Gevens Wind farm, near Kirkcaldy, and a 50% share in Green Breeze Energy Ltd, a company with the rights to build a 6MW wind farm in West Lothian.

Thrive Renewables plc – which has built up a 5,700-strong community of shareholders and bond holders over the last 20 years – aims to raise the cash through a new 5% bond offer.

It comes as research by Triodos Bank, an ‘ethical’ bank and a major shareholder in Thrive Renewables, shows increasing positive sentiment amongst investors to putting their money into renewables – with 38% wanting to support renewable energy and 49% wanting to support energy efficiency.

Matthew Clayton, Managing Director,Thrive Renewables, said: “Thrive exists to connect individuals with sustainable energy, allowing our investors to contribute directly to change.”

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