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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