• Swindon & Wiltshire M&A, deals
• Monday July 28 2025

Thrive Renewables secures £10 million from Triodos Bank

Bristol-based renewable energy firm Thrive has secured £10 million of new lending from Triodos Bank UK to enable it to build new UK-based wind farms, solar, and community-owned projects.

The finance will also support longer-term initiatives, such as re-powering existing assets to extend their operational life.

Matthew Clayton, CEO of Thrive Renewables, said: “Thrive exists to tackle the climate emergency, bringing together investors, developers, businesses and communities to fund, build and operate clean energy projects.

“With an exciting pipeline and projects progressing in construction, it’s great to be able to put this money to work straight away, helping accelerate the UK’s transition to a cleaner, fairer energy system.”

Norrie Cruickshank, senior relationship manager at Triodos Bank UK, said: “We really like what Thrive is doing. By allowing everyday investors to play a part in the systemic shift happening in the UK energy system they are engaging people in positive climate solutions.

“We hope that this new finance helps them to continue to grow and excel at what they do so well.”

Thrive is a pioneer of over 30 years in the UK’s clean energy sector, working with investors, developers, businesses and communities to fund, build and operate projects. The organisation has already funded 45 wind, solar, hydro, storage, tidal and geothermal projects, including six that are community-owned.

Other notable projects include England’s largest, onshore wind turbine which is 100 per cent community-owned, and the United Downs Geothermal project in Cornwall.

Triodos Bank UK, which along with Thrive Renewables is an accredited B Corporation, specialises in finance for organisations with a clear social and environmental purpose, and has three decades of experience in the renewable energy sector.

Thrive Renewables were advised by TLT LLP, while Triodos Bank UK received legal counsel from Michelmores.

Pictured: Caton Moor wind farm courtesy of Chris Watt Photography