Ripple Energy wind farm?

paul991

i  didn't  mean to  insult anyone but  i do  find  it  annoying with some the negative remarks made i still get  people telling me  my  solar  panels are useless though the  figures show they  are. As  some who is  now  considering weather the  time is right to get  a bev i  find still a lot of  comments about them that  they will never be any good whilst  the people i know who have them prove they  are unfortunately  my  vehicle purchasing is usually secondhand so may have to wait awhile to get a bargain

Coastalwatch

Hi Paul, I know what you mean and it is frustrating sometimes but on occasions such as Ripples wind turbine completing commissioning and contributing to renewable energies growing portfolio it's one hell of a lift. I'm feeling like a dog with three wotsits!

barker77

Can I ask - if I invest and something goes wrong that’s not accounted for , is the worst outcome that I lose my investment fully or can I potentially become liable for more than that too? 

Coastalwatch

barker77 said:

Can I ask - if I invest and something goes wrong that’s not accounted for , is the worst outcome that I lose my investment fully or can I potentially become liable for more than that too? 

I've just spent two minutes checking out Ripples FAQ's as anybody is entitled to do. Don't know if the below helps but if you are genuinely interested then I'm sure you could also invest a little time checking FAQ's out! Have fun, I have this week with WF1 coming on stream successfully. Other than savings accounts then with any investment their is an element of risk to them all. so no guarantees I'm afraid. 

Will I need to put more money into the co-op later?

No, you don't need to pay anything else to the co-op once you've bought your shares. The wind farm's operating costs are paid ahead of your bill savings. The cost of decommissioning the turbines will be built up over time towards the end of the wind farm's operating life.

barker77

Hey thanks I checked the faqs but wasn’t sure if that was accurate 

imeldamarcos

Hi barker77. The point you make about losing more than you invest is an interesting one. The share offer document makes it clear that insurance or warranties are in place for some obvious problems such as damage and breakdown and I would hope that there is also public liability insurance but I can't seem to find any details of the latter (has anyone seen details of this?). Unless there is public liability insurance in place to cover the co-operative then I guess that, hypothetically, you could lose more than you put in if some tragic event occurred which resulted in loss of life and the co-operative, as owner, was sued. However, it is difficult to imagine an event which would have such dramatic financial consequences that the damages actually amounted to more than the value of the wind farm, although this would be more likely when the value of the farm drops as it becomes older.

barker77

Yeah I know it’s unlikely but for some reason it makes me nervous 

NigeWick

paul991 said:

my  vehicle purchasing is usually secondhand so may have to wait awhile to get a bargain

First lot of business leased BEVs should be coming on the second hand market later this year. Mind you, they won't be dropping much in price as they are in high demand.

barker77

imeldamarcos said:

Hi barker77. The point you make about losing more than you invest is an interesting one. The share offer document makes it clear that insurance or warranties are in place for some obvious problems such as damage and breakdown and I would hope that there is also public liability insurance but I can't seem to find any details of the latter (has anyone seen details of this?). Unless there is public liability insurance in place to cover the co-operative then I guess that, hypothetically, you could lose more than you put in if some tragic event occurred which resulted in loss of life and the co-operative, as owner, was sued. However, it is difficult to imagine an event which would have such dramatic financial consequences that the damages actually amounted to more than the value of the wind farm, although this would be more likely when the value of the farm drops as it becomes older.

Is there a way to limit my liability other than not investing?

chqshaitan

barker77 said:

imeldamarcos said:

Hi barker77. The point you make about losing more than you invest is an interesting one. The share offer document makes it clear that insurance or warranties are in place for some obvious problems such as damage and breakdown and I would hope that there is also public liability insurance but I can't seem to find any details of the latter (has anyone seen details of this?). Unless there is public liability insurance in place to cover the co-operative then I guess that, hypothetically, you could lose more than you put in if some tragic event occurred which resulted in loss of life and the co-operative, as owner, was sued. However, it is difficult to imagine an event which would have such dramatic financial consequences that the damages actually amounted to more than the value of the wind farm, although this would be more likely when the value of the farm drops as it becomes older.

Is there a way to limit my liability other than not investing?

Hi Barker,

Have you reached out to ripple to query your concerns? they are excellent at responding. I suggest you do this and let us know how you get on