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Michelmores has advised Thrive Renewables, a leading UK clean energy investment company, on the launch of its new £5 million bond offer, now open on the Triodos Bank crowdfunding platform, which forms part of a wider £10 million raise.
The offer provides an accessible opportunity for investors to support the development of new renewable energy projects that will benefit local communities and future generations.
Funds raised through the bond will help deliver two new onshore wind farms in Scotland and Wales, expanding domestic renewable energy generation at a time of increasing demand for clean power. A proportion of the capital will also support initiatives that enable communities to develop and own their own local renewable energy projects.
Matthew Clayton, CEO at Thrive Renewables said:
“For thirty years we’ve been proving that people-powered investment can accelerate the UK’s transition to clean energy. With this new bond, investors will be directly enabling the construction of two major wind farms, alongside strengthening the community energy movement we’ve championed for decades. We know many people are looking for ways to take meaningful climate action, and this offer gives them the chance to do exactly that – backing real projects, delivering real impact.”
Alexandra Watson, Corporate Partner at Michelmores, commented:
“Thrive Renewables continues to lead the way in delivering impactful, community-focused clean energy projects. We are pleased to have supported this latest bond offer, which will not only enable the development of new wind capacity in Scotland and Wales, but also empower local communities to participate directly in the transition to renewable energy.”
This transaction builds on Michelmores’ ongoing work advising Thrive Renewables on it growing portfolio of sustainable energy projects, including wind, solar, and battery storage.