Piddles wrote: »
It has bothered me since you mentioned Ecotricity's 5,000 grass aerobic digester plan that the fields were going to be sown by diesel tractor, fertilized by diesel tractor with FF fertilizers, harvested by diesel tractors and transported to their nearest digester by diesel tractor....
Martyn1981 wrote: »
And some PV news, but I think it's more general regarding green tech, and not a recommendation, just a note that we can invest in renewables outside of our own property, and if feeling particularly adventurous, even outside of our country/continent.
Martyn1981 wrote: »
Totally guessing here, but if Flamanville commissioning is delayed past 31st Dec 2020, then the UK can change loan guarantees on HPC, which might get interesting?
NigeWick wrote: »
Don't forget, https://www.rippleenergy.com/ where one will be able to buy part of a wind farm. They reckon it will cost about a quarter of the Solar price, and, if you move house the benefits will move with you.
UK wind ownership platform Ripple Energy seeks start-up funds
A platform through which householders can club together and co-own UK wind farms is seeking GBP750,000 ($984,000) of crowdfunding, company founder Sarah Merrick told S&P Global Platts Monday. Ripple Energy is raising for funds in return for a 23.21% stake in the platform, which is to offer shares in wind farms for as little as GBP1,300, compared to the GBP5,500 cost of solar panels for a typical home's electricity demand... read more in S&P Global
Who owns the wind farm?
You do! Ownership is democratic. You will become a member of the Community Benefit Society (CBS) which owns the wind farm. Every member will pay £5 and hold one share in the CBS. You will also pay a ‘Wattage’ contribution towards the cost of buying and building the wind farm, plus Ripple’s one off arrangement fee. The Wattage payment will vary between projects as each project will have slightly different costs (depending on which turbines can be used, whether new access roads need to be built and what it costs to connect to the grid).
What sort of share in the CBS will I get?
CBS shares will all be withdrawable but non-transferable. This means you cannot sell your share to someone else.
What if I want to withdraw my share?
You will be able to request to withdraw your share at any time via your customer dashboard. This will terminate your membership of the CBS and your electricity supply agreement. Equally, if you terminate your electricity supply agreement, this will automatically terminate your membership of the CBS. Either way, you will receive your £5 payment for your CBS share back. Ripple will also calculate any residual value of Wattage payments made to the CBS towards the construction of the wind farm. The residual value of your Wattage payment will be calculated as follows:
Initial wattage payment x (1- number of years of operation / (Years of expected operating life – 5 years))
This means if you withdraw your shares 5 years into the wind farm’s expected 25 year operating life you would be entitled to receive 75% of your Wattage payment back. If you withdraw your shares 15 years into the wind farm’s 25 year operating life you would be entitled to receive back 25% of your initial Wattage payment. Repayment of the balance of your Wattage payment will be explained to you more fully and will be subject to the terms and conditions of your supply arrangements when you become a member of the CBS.
How does Ripple make money from the CBS?
Ripple will charge an arrangement fee when members sign up to the CBS. This will be based on a small % of the member’s Wattage contribution. Ripple will also charge the CBS a monthly management fee once the wind farm is operational to cover the services detailed above. The management fee will be at a market rate and will form part of the operating cost of the wind farm. Members do not need to pay the monthly management fee as the CBS will pay this. Ripple will also charge its supply partners an acquisition fee for each new customer that switches to a Ripple tariff.
NigeWick wrote: »
Worst case scenario, we fork out £28Billion for defaulting. Thereby saving about £60Billion on what would be the eventual cost of HPC. No doubt Z will put me right on the actual numbers. Please?
markin wrote: »
Seems a bit risky to me, its a start up hoping to get past planning when even the big boys struggle, they will spend a fortune just fighting planning and then may bust before getting a single one up.
£5 per "share" and seems fixed at that price, and no clue given to the cost of the "Wattage" Fee.
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