If you are staring fuel poverty in the face but still have a bit of spare cash, you could consider investing in your own share of a solar park today with Ripple Energy from just £25.
First of all, I’m probably not going to invest in this myself*, but it’s popular with esteemed bloggers like DIYInvestorUK (he invested in a previous wind project through Ripple as mentioned here)
So, maybe you are interested – maybe not to invest yourself but to find out more?
What it’s all about?
This is green capitalism in action. Your money is going directly to build a solar farm, making you money and, at the same time, building the green infrastructure that we need to get to net zero at the same time.
- Be part of the UK’s first-ever shared solar park
- Buy part of a solar park via a Ripple managed co-operative.
- Pay a one-off cost for your share of the construction.
- Ripple builds the solar park. You own your part of it.
- Your energy provider buys your electricity from the solar park and supplies it to your home.
The result? You get low, stable electricity bills for the project’s 40 year life.
The GFF Example
In the GFF household, we use about 2,500 units (kWh) of electricity a year – and pay handsomely for it.
If we invested £2,230 we could buy a 2,499 Watt share of the park, which generates 2,500 kWh of electricity a year.
This could save use £244 in the first year and £6,044 over 40 years plus a balloon load of CO2 to boot!
(Actual savings will depend on the solar output – sort of reliable, and energy prices – only Putin knows).
Ripple Energy Track Record
I’ve written before about Ripple, but there’s no referral bonus in it for me, so I won’t recommend them. But they have 3 other projects, and the commissioning/project work went on schedule, on budget, and to spec. Investors in those are laughing all the way to the bank right now given how high electricity prices are.
As I’ve said, Energy Independence is Financial Independence – if you can hedge your power costs, then it’s one less thing to worry about.
Go to Ripple Energy for more information.
*I don’t like the restriction in energy suppliers, what if I die? the hassle of having a rebate added to my account… And I have other investments in solar funds which do the same job (sun + PV panels ->Electricity -> Grid = Money -> Dividends to me. This is not advice.
I think that participating in such a project is an important step even for those who do not invest. In fact, investing in clean energy is an investment in the future of our children. I live in Ukraine and I know in practice how it is to face a shortage of electricity (( Therefore, we need to develop this area and gain independence, make the world a better place. Thank you for the interesting information!
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Spasibo Illia, I Slava Ukraini!
I wrote this post last year but only published it now.
Thought that you might like it.