Directors' Valuation

The Directors’ Valuation is currently £2.43 per share.

The Directors' Valuation was last reviewed in January 2024. Details about the update are available here.

The Directors’ Valuation calculation is based on a detailed discounted cash flow valuation, which is considered appropriate for capital intensive infrastructure assets such as renewable energy generation and storage projects which have long term cash flows. The Directors rigorously ensure that the method of Company valuation calculation and discount factor used (which reflects that the shares are traded in a monthly auction, but are not listed on a recognised exchange such as the London Stock Exchange or Alternative Investment Market (AIM)) is consistent from one share issue to the next.

The Board is committed to reviewing the valuation of Thrive Renewables plc following material events. Material events include changes in the portfolio (new project acquisitions for instance) and significant market developments.

In 2019, we sold two operational wind farms realising a significant gain. Established renewable energy projects have become a desirable commodity, offering long term inflation linked revenues. The sale of the two projects provides further evidence to support our valuation of the Company.

For our latest performance and impact results visit useful documents for annual and half year reports. 

We're here to answer your questions. You can get in touch with us on 0117 428 1850 or


Historic share prices and dividends paid

Please note that past performance is not an indicator of future performance.

Year  Share price (pence)  Dividend paid per share (pence) *

243 (from October 2023)



235 (from May 2022)

224 (from February 2022)

2021 215 (from March 2021) 7.0
2020 223 (from April 2020) 7.0
2019 265 (until March 2019); 228 (from March 2019)


40.0 (interim dividend)


Note: Past performance in paying dividends is no indication of likely future performance. The directors’ valuation is not a share trading price.

Dividends are recommended by the Board of Directors and approved by shareholders at the Company’s Annual General Meeting (AGM). The dividend paid in a given year relates to the performance of the Company in the prior financial year and is payable to the registered holder of a share at the close of business on the Record Date, which is confirmed annually in the AGM pack.

The 2022 dividend payment of 12 pence per share was approved by shareholders at the AGM on 30 June 2023 and paid in July 2023. 

Thrive is making a difference! Visit our impact section to see how much carbon emissions our investors are saving.

This financial promotion was approved on 22 February 2024 by Triodos Bank UK Limited, registered in England and Wales with no. 11379025. Registered Office: Deanery Road, Bristol BS1 5AS, United Kingdom. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008.