Thrive Renewables Joins Forces with Better Society Capital for Community Energy Projects

Thrive Renewables plc, a leader in the renewable energy sector, has entered into a strategic partnership with Better Society Capital, a prominent UK social impact investor, to launch a £40 million initiative named Community Energy Catalyst. This joint venture aims to empower local communities across the UK to develop and own renewable energy projects, such as wind and solar installations. With investments ranging from £0.5 million to £30 million, the initiative will focus on projects already approved for planning, facilitating their progress through construction and operation. Thrive Renewables brings three decades of industry experience to the partnership, adding significant value in terms of finance and infrastructure development support. Better Society Capital will contribute its extensive expertise in social impact investing. The collaboration highlights a growing trend towards community ownership in the renewable energy sector, aiming to enhance local engagement and secure economic and social benefits. The partners hope this venture will act as a significant driver for growth in community energy initiatives in the UK's journey towards net zero emissions.