Thrive Renewables sets new goal of Â£7.5 million
Bristol-based Thrive Renewables is aiming to raise Â£7.5 million to invest in sustainable energy projects across the UK.
Thrive Renewables, has launched a 5 per cent bond offer to raise funds for the development and operation of renewable energy projects around the UK, including wind and solar farms.
The company has built up a 5,700 strong community of shareholders and bond holders over the last 20 years. Its projects include the four turbine wind farm in Avonmouth, which is producing enough electricity to power more than 5,000 homes a year.
Matthew Clayton, managing director of Thrive Renewables, said: "This capital raise will enable us to continue to develop our portfolio and is part of our strategy to widen our investments, including opportunities in wind, solar, energy storage and demand side management solutions, all of which contribute to a cleaner, smarter energy system.
"Our intention is that the bond offer will represent an attractive proposition to established investors, as well as those new investors with an active interest in supporting sustainable energy developments."