Ripple Energy wind farm?

Has anyone looked at Ripple Energy? I'm thinking about it, but not too seriously. I don't have a lot of time to investigate it and if anyone else has taken a look I'd appreciate their thoughts before I take a more serious look.
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Replies

  • ASavvyBuyerASavvyBuyer Forumite
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    Hi mg, I was pleased to invest with them and will benefit from reduced energy bills over the 20-25 year lifetime of the farm coupled with the return of our investment plus the knowledge that we've supported renewable energy generation. Only you can decide if it's right for you but if you yearn for a cleaner future as many on here do then it's certainly worthy of serious consideration.
    Same here, we see it as a long term investment, supporting renewable energy; especially as the wind farm is not to far away from where we live.
  • mgfvvcmgfvvc Forumite
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    I certainly like the idea, the main question is whether the company is actually financially sustainable. What is the risk that it could fail in 5, 10, 15 years?
    Is the site appropriate? I like wind farms, but they aren't appropriate for every location.
    Are the local community going to benefit or is it just an imposition?
  • CoastalwatchCoastalwatch Forumite
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    Hi mg, there's risk to some degree in every investment we make. But if we don't support renewables then what does the future hold for our children and G'children!
    If you check out windspeeds at the location you will discover it to be suitable. Other turbines are placed in the area based upon historical recordings of windspeeds there.
    No one on here is going to push you to join, it's your decision. There is plenty of information in Ripples presentations to make an informed decision. I wish you well in coming to a satisfactory conclusion, whatever you decide. :)
    East coast, lat 51.97. 8.26kw SSE, 23° pitch + 0.59kw WSW vertical. Nissan Leaf plus Zappi charger and 2 x ASHP's. Three Givenergy 8.2 kWh batts & 3.0 kW ac inverter. Still waiting for V2H. CoCharger Host, Interest in Ripple Energy & Abundance.
  • CraglettCraglett Forumite
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    mgfvvc said:
    I certainly like the idea, the main question is whether the company is actually financially sustainable. What is the risk that it could fail in 5, 10, 15 years?
    Is the site appropriate? I like wind farms, but they aren't appropriate for every location.
    Are the local community going to benefit or is it just an imposition?
    According to the latest Ripple webinar (see YouTube) the construction and operation of the turbine is insured. The turbine is owned by the co-op of investors rather than Ripple themselves and a different management company will just take over if Ripple go bust.

    We all benefit from the installation of wind farms including the local community. Burning fossil fuels has to end, we really don't have a choice. 

    The site will be appropriate, there are other turbines nearby. 
  • edited 16 August 2020 at 12:11PM
    CraglettCraglett Forumite
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    edited 16 August 2020 at 12:11PM
    What I'm interested to understand is whether it's worth it as a long term investment (purely financial at this point, green argument aside). I already have solar panels and choose green suppliers for what I use from the grid. Having done the calculations I stand to save about £125 per year over 25 years at the predicted savings levels Ripple use. That could go up or down depending on how electricity prices go over the next 25 years - they go up I save more, down I save less. 

    Crystal ball moment here... Based on solar panels, wind turbines and battery storage reducing in price significantly, over the next 25 years are we expecting electric prices continue to rise, stay the same or reduce? Anyone know enough about this to hazard an educated guess? 
  • NigeWickNigeWick Forumite
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    I met Sarah Merrick at last year's Fully Charge Live. In the few minutes we spoke, I decided she's got her head screwed on straight. I bought shares in the company and have gone for part of the wind turbine too. I've got solar and decided I wanted to cover the lack of production in winter. Another benefit is that one can take the Ripple energy account with you if moving house.

    As has previously been stated, you pays your money and makes your own choice.
    The mind of the bigot is like the pupil of the eye; the more light you pour upon it, the more it will contract.
    Oliver Wendell Holmes
  • CoastalwatchCoastalwatch Forumite
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    Craglett said:
    Crystal ball moment here... Based on solar panels, wind turbines and battery storage reducing in price significantly, over the next 25 years are we expecting electric prices continue to rise, stay the same or reduce? Anyone know enough about this to hazard an educated guess? 
    No Crystal ball, but if the agreed price for energy produced at Hinckley Point Nuclear Power station is anything to go by(It's double the price of renewables 10.2p/kWh versus 4.5p/kWh) then it's likely to rise. Bearing in mind also that as the transition away from fossil fuels to Electricity for transportation takes place government income will reduce accordingly.
    One can only summise where the attentions of the Chancellor might fall in order to make up the deficit, let alone the huge debt incurred from the recent lockdown!
    East coast, lat 51.97. 8.26kw SSE, 23° pitch + 0.59kw WSW vertical. Nissan Leaf plus Zappi charger and 2 x ASHP's. Three Givenergy 8.2 kWh batts & 3.0 kW ac inverter. Still waiting for V2H. CoCharger Host, Interest in Ripple Energy & Abundance.
  • edited 16 August 2020 at 7:44PM
    ed110220ed110220 Forumite
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    edited 16 August 2020 at 7:44PM
    Seems like a good idea and I'd definitely be interested. My main concern (and forgive me if it's answered on the website and I've overlooked it) is whether it is and remains competitive with time. Ie 25% is a very decent saving, but if the base tariff that it was taken off was at the higher end of available tariffs you might not be saving much or anything.
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