Ripple Energy wind farm?

QrizB

paul991 said:

seems kirk hill windfarm are leaving ripple and looking for another company to manage them , will the other co ops follow suit

Disentangling Ripple (the management company) from the co-ops and the SPVs will no doubt take a little bit of time and effort.

NedS

QrizB said:

paul991 said:

seems kirk hill windfarm are leaving ripple and looking for another company to manage them , will the other co ops follow suit

Disentangling Ripple (the management company) from the co-ops and the SPVs will no doubt take a little bit of time and effort.

Indeed. If it were a straightforward case of selling the assets, it would be simple and there would be buyers, but the assets are already owned so you're looking for a management company to take on what Ripple did, and that was pretty unique. An ongoing maintenance contract to maintain the wind/solar farms should be easy enough, but finding a management company with access to the PPA market for such small scale projects will likely be more tricky.

Do the co-ops have the ability to vote to sell the assets, as that may be a better bet for them given their small scale. There are listed UK renewables companies who could easily absorb the assets, which would at least allow investors to recoup some of their capital - they may even make a profit as they have taken the execution and development risk in building out the projects to operational status.

QrizB

There's meant to be a Kirk Hill members meeting this week, assuming someone can host it with Ripplinin administration. We might find out then.

Netexporter

It's being set up by one of the co-op directors from elsewhere. Have you not had a new update?

QrizB

Netexporter said:

It's being set up by one of the co-op directors from elsewhere. Have you not had a new update?

I've not had an email since the 20th.

Netexporter

Have you checked your spam folder? It's from a gmail account but marked Kirk Hill Coop.

QrizB

No, nothing 😕 could you PM me whatever it said?

chqshaitan

QrizB said:

No, nothing 😕 could you PM me whatever it said?

Hi bud, the email begins with kirkhillchair, if you are unable to find it, let me know and i will pm you the details

paul991

Craig Fatha are doing the same and I suspect all the co ops are doing the same to replace Ripple with a new 
company

70sbudgie

I've heard from Kirk Hill. But not Derrill Water or Whitelaw Brae yet. 

I have a vague memory of the coop paperwork having a clause to allow them to break with Ripple.