Timeline: Thrive and the UK’s renewable revolution
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Triodos Bank sets up the Wind Fund to invest in small-scale renewable energy projects. The Wind Fund later becomes Thrive Renewables, an independent company
• Renewables provide 2 per cent of the UK’s electricity
1995 Thrive issues its first share issue to fund a wind farm in Cumbria, a joint venture with community investors 1998
The company’s first renewable energy project, Haverigg II wind farm in Cumbria, goes live 2006 Investment in Caton Moor wind farm, Lancashire, increases Thrive’s capacity from 6MW to 23MW
• Renewables provide 5 per cent of the UK’s electricity
2010 Around 10 per cent of UK’s
electricity comes from renewables
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Thrive invests in four new projects, increasing its capacity to 53MW
• The Energy Act commits the UK to decarbonising its electricity market 2016
The Paris
**Cumulative since 1998; One home = 3.78MWh p.a.; 2.3 residents per home (Source: BEIS; ONS)
Agreement is signed by 195 nations
power in total to meet the needs of 1m UK residents**
• Thrive raises £10m for renewable energy investment
2019 Thrive celebrates 25 years, having invested in 22 wind, solar and hydro projects and generated enough
• The UK becomes the first major economy to commit to net zero CO2 emissions by 2050
• In October, renewables generate more electricity than fossil fuels for the first time
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