What does the company do?
Thrive Renewables has been developing, constructing, and operating a fleet of renewable energy projects in the UK since 1994. You can find out more about Thrive Renewables here.
Thrive Renewables provides investors with the opportunity to contribute directly to a cleaner, smarter energy system, with a community of over 6,000 investors, both shareholders and bondholders from its various investment offers. It owns and operates a portfolio of energy projects across the UK, predominantly wind turbines - you can find an up to date list of its projects here.
Why did the company raise money?
Thrive Renewables raised money through this investment in 2016 to help fund new renewable energy projects in its pipeline. This investment was fully repaid on 28 March 2024.
How is the company making an impact?
Thrive Renewables is helping to increase the amount of renewable energy used in the UK’s electricity grid as we transition to a 100% low carbon energy future.
Key terms
Interest is paid annually on 31 March each year, with the capital repaid on the maturity date.
The company has the option of repaying the investment early on any day from 31 March 2022, subject to paying interest up until the point of repayment.
See the Debenture Deed for details of all circumstances in which the option for early repayment may be exercised.Documents
Payment schedule
This table gives a breakdown of what was paid back on this investment, based on an example investment of £1,000.
| Payment date | Capital repayment | Interest | Total |
|---|---|---|---|
| 31 March 2017 | £0.00 | £13.01 | £13.01 |
| 29 March 2018 | £0.00 | £50.00 | £50.00 |
| 1 April 2019 | £0.00 | £50.00 | £50.00 |
| 31 March 2020 | £0.00 | £50.00 | £50.00 |
| 31 March 2021 | £0.00 | £50.00 | £50.00 |
| 31 March 2022 | £0.00 | £50.00 | £50.00 |
| 31 March 2023 | £0.00 | £50.00 | £50.00 |
| 2 April 2024 | £1,000.00 | £50.00 | £1,050.00 |
| Total | £1,000.00 | £363.01 | £1,363.01 |