News / Energy
Renewable energy deal between two Bristol companies
Wind turbines will be used to power more than 550 homes across the UK, following a new deal between two Bristol companies.
Thrive Renewables will provide renewable wind power to Bristol Energy as part of a partnership that is hailed as an opportunity to boost the city’s position at the forefront of sustainable energy and widen its accessibility.
Simon Proctor, of Bristol Energy, said: “Deals like this help us to offer even more green energy to our customers, at a competitive price – making renewable energy more accessible for everyone.
“Thrive is a well-established, trusted partner. The fact that they are local and funded by a community of 6,250 investors – many of whom live in Bristol and South West – is another way that we can support out city, and boost the circular economy.”
Founded in 2015, Bristol Energy is one of the UK’s first council-owned energy companies and Bristol City Council has poured around £27m into the enterprise to date, but dropped it as a supplier in April of this year following a procurement process.
The firm has carved out a reputation as an ethical supplier of green energy, seeking out alternative sources of power – from poo to hydo – and pours any profits into the city.
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Read more: Bristol’s poo-powered homes
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In this latest deal, it has purchased the renewable electricity produced by Thrive’s Clayfords Wind Farm in Aberdeenshire for 12 months from September 2018. The single-turbine site will deliver approximately 2.26GWh of clean energy to around 564 homes over the course of the contract.
The deal with Thrive follows a similar agreement for hydro-electricity in the winter of 2017.
Matthew Clayton says deals such as this means more people can gain access to renewable energy.
Thrive’s Matthew Clayton says: “Thrive exists to offer individuals a rewarding connection with sustainable energy, so having the opportunity to provide our renewable power to a company like Bristol Energy, with similar values to us is extremely rewarding.
“Deals such as this one, with independent renewable energy providers enable an increasing pool of people to benefit from affordable, green electricity in their homes.”
Renewables accounted for 40 per cent of Bristol Energy’s supply at the end of 2017, which it has increased to an estimated 60 per cent this year.
The company says it has achieved this growth by working with renewable energy generators, like Thrive, through power purchase agreements.
The single wind turbine that will power more than 550 homes.
Read more: Sector spotlight: energy
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