Invest in a cleaner energy system for the next generation

Renewables shares
Thrive Renewables plc 2022
Minimum Investment £94
Target Return 5-8% per year
Term Equity Investment
£5,735,885
Raised
£7,000,000
Extended target
82%
£5m original target

Thrive Renewables

Thrive Renewables Plc has been working towards a clean energy system 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 helped fund the UK’s first deep geothermal electricity generation project, currently 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.




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“ Thrive was established to enable individuals to benefit from investing directly in sustainable energy projects and increase UK renewable capacity in a way that brings people together. Nearly 30 years on, our mission is more urgent and relevant than ever.

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 Plc

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. The investments that Thrive makes will be subject to their financial and impact driven investment criteria and market conditions.

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, in order to provide 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 host's products.

Key terms

Issuer
Thrive Renewables Plc 

Target amount
£7,000,000 (up to £10,000,000)

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)

Offer price per share and share bundle
£2.35, shares to be bought in bundles of 20 shares (£47) 

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.

Share bundles
Number of shares (£2.35 each) Number of units (20 share bundles) Investment amount
40 2 £94
60 3 £141
80 4 £188
100 5 £235
220 11 £517
440 22 £1,034
2,140 107 £5,029
4,260 213 £10,011
8,520 426 £20,022
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. 

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. 

Minimum raise
£1,000,000. If less than £1,000,000 is raised, monies will be returned to investors.

Timetable
Close on 10 October 2022, unless fully subscribed earlier or the offer is extended. Shares 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.

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“ Thrive was established to enable individuals to benefit from investing directly in sustainable energy projects and increase UK renewable capacity in a way that brings people together. Nearly 30 years on, our mission is more urgent and relevant than ever.

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 Plc

Thrive Renewables

Thrive Renewables Plc has been working towards a clean energy system 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 helped fund the UK’s first deep geothermal electricity generation project, currently 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. The investments that Thrive makes will be subject to their financial and impact driven investment criteria and market conditions.

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, in order to provide 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 host's products.

Key Terms

Issuer

Thrive Renewables Plc 

Target amount

£7,000,000 (up to £10,000,000)

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)

Offer price per share & share bundle

£2.35, shares to be bought in bundles of 20 shares (£47) 

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.

Share bundles

Number of shares (£2.35 each)Number of units (20 share bundles)Investment amount
402£94
603£141
804£188
1005£235
22011£517
44022£1,034
2,140107£5,029
4,260213£10,011
8,520426£20,022

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. 

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. 

Minimum raise

£1,000,000. If less than £1,000,000 is raised, monies will be returned to investors.

Timetable

Close on 10 October 2022, unless fully subscribed earlier or the offer is extended. Shares 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.

Please note that payment of dividends is not guaranteed and is dependent on the continued successful operation of Thrive Renewables. Share prices can go down as well as up.