Thrive Renewables has raised £7.7m in one month through a bond offer to support clean energy projects in the UK.
The company, previously known as Triodos Renewables, is selling unsecured bonds that pay 5% gross interest per year and mature in March 2024. 938 people have invested so far.
Thrive said it aims to issue up to £10m of bonds through the offer, which closes on 27 February.
The funds raised will support two onshore wind farms in Scotland with a combined 11MW, as well as solar projects.
The speed of the raise shows the significant demand for commercially viable and sustainable investments, the company said.
Thrive currently owns 15 operational renewable energy sites, a third of which in Scotland.
“This bond exceeded expectations,” Thrive Renewables managing director Matthew Clayton said.
“We had set a target of £7.5m by the close date of 27 February, so to have raised over this amount in just four weeks confirms that there is a significant appetite for investing in and supporting clean energy for future generations.”
Image: Triodos
