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Shareholder information.
In January 2021 Hive Energy Acquired 50% of the Ethical Power Group. Hive Energy are one of the largest developers of renewable energy projects in the world. Their expert team have developed an international pipeline of solar (photovoltaics), green hydrogen, wind, and green ammonia projects. Hive now have a green energy pipeline of over 26 GW across over 20 countries. The transaction created a UK based fully integrated renewables company with successful track records in: development, construction, HV connections, operations and maintenance and asset management.
As well as in the UK, Ethical Power aim to support Hive Energy in building their projects. Taking advantage of itās priorities access to Hiveās development pipeline, Ethical Power will acquire their projects at fair market value and build them out.
Hive Energy Limited have provided working capital and support to help Ethical Power scale up and expand into a number of new territories and business lines. Funding has been extended in the form of shareholder loans and Hive Energy continue to support the ongoing business growth.
On 31st December, Greg Skinner completed the acquisition of 50% shares of Ethical Power Group from Hive Energy. Greg Skinner is a successful investor who co-founded the UK-based quantitative hedge fund Quadrature Capital Limited in 2010. Greg also sits as a trustee of Quadrature Climate Foundation, which he established with his hedge fund co-founder in 2019, and through which they have committed over $1Bn in philanthropic grant-making to-date.
On 3rd March 2025, an equity-for-debt restructuring was completed, whereby Hive Energy made a further investment into the Ethical Power Group, reacquiring the 50% shareholding from Greg Skinner (Sustainable Holdings). Founder and CEO, Thomas Kneen maintained a 50% share of the business.
Greg Skinner remains a key stakeholder by virtue of his material debt investment in both the Ethical Power Group and Hive Energy and remains committed to helping to electrify Britain.
Hive Energyās resumed equity investment in Ethical Power Group re-established balance sheet support, and helps shape a strategy focused on development and construction of assets to enable the Group to maximise the market opportunity, leveraging their combined strengths.
Speak to us about investment opportunities or to receive an investors pack.
Solar
Solar energy is the largest renewable energy source on the planet. Our specialist teams continuously realise its potential, delivering the highest quality solar projects across the world.
BESS
With a high-voltage independent connection provider (ICP) in house, we can execute the complete range of services around BESS efficiently and to the highest standard.
Green hydrogen
Hydrogen is the fuel of the future. At Ethical Power, our innovative team of engineers and technology experts devise solutions for the challenges of green hydrogen production.
Environment, Social and Governance (ESG) initiatives
Ethical Power is committed to advancing initiatives across Environment, Social and Governance (ESG) topics: