Thrive Renewables is celebrating its 25th anniversary with the release of new report, as the company nears the milestone of 1600 gigawatt-hours of electricity generated.
The report highlights the role that impact investment and community energy projects can play in meeting the UK’s 2050 net zero carbon target.
Thrive has built or funded 22 renewable energy projects over the last quarter of a century, the majority of which it owns and operates.
It has raised £35m in equity and £13m in bonds with over 6100 investors.
The company has a pipeline of new investment opportunities that it will announce in the coming months.
Thrive Renewables managing director Matthew Clayton said: “Over the past 25 years, our pioneering investors have helped grow renewables from an alternative concept – accounting for less than 2% of our electricity mix – to the mainstream. Today, over a third of UK electricity is generated by renewables.
“That is a significant achievement, but just the beginning of what we can do to clean up our energy system.
“With the twin challenges of unsupportive national planning guidance and an energy system where onshore renewables stand alone in being unsubsidised, the pioneering and values driven investment approach of Thrive and its investors has never been more relevant.”