2015 was a record year for wind energy in the UK. With almost 7000 turbines spinning across the country, wind now powers the equivalent of 8.3 million homes. That’s now 11% of Britain’s total energy requirements, up from 9.5% in 2014. Renewable energy is growing at a rapid pace. Rapid growth requires rapid investment, and that’s where Thrive Renewables steps in.
Having operated under the name of Triodos Renewables for the last 20 years, Thrive is already one of the most widely-owned renewable energy companies in the UK. Because of this, Thrive is committed to growing investment into clean energy by maximising the number of people involved. By widening the ownership of renewable energy assets, a growing number of individuals now have access to a financially and environmentally rewarding connection to renewable energy. With 5,700 shareholders who have invested as little as £50, Thrive is both a company and a community.
Thrive has just launched a bond, issued by subsidiary company Thrive Renewables (Buchan) Limited, that will allow them to continue this investment. The 5.5% secured bond offer will raise £3 million to reinvest and grow their sustainable energy portfolio. With a minimum investment of £250, this bond is specifically designed to be accessible to as many people as possible. But be aware that investing in a bond isn’t the same as depositing money in a bank account: your capital and interest are not guaranteed.
While most renewable energy bonds help finance the construction of new projects, the Thrive Renewables (Buchan) bond is secured against two operational single-turbine onshore wind farms in Aberdeenshire with the combined capacity of 1.6 MW–enough clean power for 1,350 homes.* Both projects are pre-accredited for the UK Government Feed-in Tariff scheme for renewable energy which guarantees an income stream for 20 years.
Thrive consciously supports projects that result in both environmental and financial benefits. This is rooted in the conviction that there is no trade-off between returns and good environmental stewardship. This bond is helping investors participate in that movement toward sustainable profit.
For more information and a copy of the Thrive Renewables (Buchan) bond offer document please visit www.thriverenewables.co.uk/bondoffer. Always read the offer document including the risks section before making a decision to invest.
* Estimate based on the most recent statistics from the DECC showing that annual UK average domestic household consumption is 4,115 kWh.
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