Ripple Energy wind farm?

Raxiel

Netexporter said:

It says, "Whitelaw Brae provides an excellent location for wind resource along with a feasible connection to the national grid", I suppose it depends on the definition of "feasible".

So it does, not sure how I missed that sentence given I was looking for that detail.

Spies

Tempting but I dont have £2500 to invest into it to cover my grid usage 

Coastalwatch

Raxiel said:

Just had the email for the Whitelaw Brae Wind Farm announcement. 14 Turbines (60MW) in the Scottish Borders. Looks interesting, but one thing that concerns me is that with Derril Water they made a point to mention the site had good grid connection options so there would be no external hold ups in energising it. Here it's not mentioned at all?

Up until now Ripples turbines have been 2.4 MW models, these new ones are 4.3 MW Vesta's, so not just an increase in number from 8 to 14 turbines, almost double, then generation wise 19 to 60 GW so three times the scale!

My, I do admire their ambition.

thevilla

Spies said:

Tempting but I dont have £2500 to invest into it to cover my grid usage 

You can start with £25 😃

Exiled_Tyke

So the share offer has been published and it looks pretty much like Kirk Hill to me but suggesting slightly better returns.  I think I may be putting a little into this one. 

numskull_2

I thought I would check this out and on the website it says that for a large user an investment is £2979 would give a saving of £8327 over 25 years. Assuming that the initial investment is "spent", this gives an actual return of £5338 over the 25 years. Reducing this down gives an annualised return equivalent to an APR of approximately 2.35%, which appears to be taxable. So a cash ISA is currently better value. As a long term investment, a stocks and shares ISA would most likely give a far higher return, certainly above inflation.
I'm sure that a rooftop solar panel installation would also give a higher level of return.

Netexporter

 Assuming that the initial investment is "spent", this gives an actual return of £5338 over the 25 years.

I fairly certain that you get your capital back over the term of the project.

Raxiel

So, reading the share offer. It's not a completely 'new' wind farm, but one that has been in development by BayWa r.e for a few years, including planning and some enabling works, and Ripple (and the co-op) are buying into the site at the start of the principle construction stage.

Explains how they can make an offer in spring 2024 for completion in winter 2026/7, and why they can be bullish about the grid interconnect.

Was Kirk Hill like that? I got the impression that the Derril Water offer was much earlier in the process (which was also shorter for solar)

Reed_Richards

Netexporter said:

 Assuming that the initial investment is "spent", this gives an actual return of £5338 over the 25 years.

I fairly certain that you get your capital back over the term of the project.

But that's a tax thing, some of what you get paid is deemed to be return of capital so you don't have to pay tax on it.  The question is whether the "saving" figure includes or excludes this return of capital.

NedS

In context, UK Wind (UKW), a £6bn UK Wind Farm trust, is currently trading on a 7.25% inflation-linked dividend (tax free, if held in ISA or pension), and seeks to maintain capital value over the long term by reinvesting excess income that is not paid out in dividends.

Note: I have an interest with around £60k invested, currently yielding £4,500 per year tax free income, which is more than paying my energy bills.

Fact sheet:

https://doc.morningstar.com/ed898984670042a3dc7f10ccbdec80e7.msdoc/?clientid=fiduk&key=06f7d682c5869576