Part ownership of a Ripple Wind Turbine, fancy it?

[Mr Gus]

However, by contrast cheaper as a consortium compared to slog of singular turbine, being part of a co-operative at another level.
Bulk goods

[Inskip75]

On the video with Sarah on Fully Charged - she says WF2 is 'multiple turbines'!!

If it wasn't multiple then it (the "T") wouldn't be an "F" would it?
A

Good point - but I just realised the F was a typo on my part

[Adokforme]

Don't know if anyone tuned into last night's AGM but along with the increase in savings, now looking to be 8p/kWh when Graig Fatha comes online, we were also made aware that 2000 people have now provided deposits to show their interest in Ripples second wind farm!
Interestingly one of the polls taken was on whether members were more in favour of investing in 100% community owned projects or whether a mix of community and other financial backing would be considered if a quicker return on investments was desirable.
Don't know if we should read anything into it.

[Tinbum]

I put a deposit down but wonder if it's the best move as my consumption from the grid will be very low.

[Inskip75]

Interestingly one of the polls taken was on whether members were more in favour of investing in 100% community owned projects or whether a mix of community and other financial backing would be considered if a quicker return on investments was desirable.
Don't know if we should read anything into it.

I wondered about this as well - the result was more or less 50/50 but thought there should have been a not bothered option as well!

[Stinsy]

Don't know if anyone tuned into last night's AGM but along with the increase in savings, now looking to be 8p/kWh when Graig Fatha comes online, we were also made aware that 2000 people have now provided deposits to show their interest in Ripples second wind farm!
Interestingly one of the polls taken was on whether members were more in favour of investing in 100% community owned projects or whether a mix of community and other financial backing would be considered if a quicker return on investments was desirable.
Don't know if we should read anything into it.

Just a standard "leverage" discussion!

If an investment returns 8% then for a £1000 stake you get £80 per year (Duh)

But if the project can borrow at 4% then:

• At 2x leveraged the project would borrow £1000 to match your investment, so you'd get a £160 return less £40 interest, giving you £120 for the same £1000 down.

• At 5x leveraged the project would borrow £4000 to match your investment, so you'd get a £400 return less £160 interest, giving you £240 for the same £1000 down.

The downside of leverage is risk. The interest is payable no-matter the actual return, so if the project is delayed, suffers unreliability, or underperforms then your return quickly evaporates and the project can become loss-making.

[nowty]

I put a deposit down but wonder if it's the best move as my consumption from the grid will be very low.

Excellent, another one for my "secret" WT2 list, well its not so secret if you fess up publicly, but there are one or two who are secret.

But I have been aching to say for a while, if there is anyone who would benefit from Ripple, its probably you, as you must struggle in winter whereas the bulk of generation from a wind turbine comes in winter.

FYI, it seems that as long as you don't buy more than enough capacity to generate more than 6999 kWh per year, which was about £4,500 in WT1, no one seems to care, no evidence will be asked for even if you end up with a negative bill. It was an Financial Conduct Services (FCA) stipulation, I had a chat with Ripple on a feedback telephone call early on.

[nowty]

Project update from the AGM yesterday, looks like almost certain to delay the operational date till the new year. No info on the actual turbine arrival date and entry port info. No doubt HGV drivers are going to be short over the build up to Xmas.

• Supply of grid connection cable. General supply chain issues and Brexit have
increased the lead time significantly for cables and this could push the connection
date into the new year. Ripple and the project team are exploring means of
mitigating the impact of such issues and will update the membership when there is
clarity.

• Christmas. A break in work at Christmas may have an exacerbated impact on
programme as some works cannot be put on hold for the break, so their start would
have to be delayed. Ripple and the project team are examining programmes closely
to avoid such impacts if possible.

• Delivery drivers. The turbine foundation concrete pour needs to be done in one
continuous session in one day to avoid a ‘cold joint’. Widely reported GHV driver
shortages could make this difficult, however the pour won’t be started unless
sufficient drivers and vehicles are guaranteed.

[Joeboy]

Ah well, can't think of many large projects that come in on time and there are defo extenuating circumstances on this one. I look forward to seeing the pour photos.

[Tinbum]

FYI, it seems that as long as you don't buy more than enough capacity to generate more than 6999 kWh per year, which was about £4,500 in WT1, no one seems to care, no evidence will be asked for even if you end up with a negative bill. It was an Financial Conduct Services (FCA) stipulation, I had a chat with Ripple on a feedback telephone call early on.

That's good as In 7 years I've used 11,400Kwh from the grid. Interestingly I got an e mail the other day saying they were putting up my direct debit as the units used per year I had submitted for my new fixed term supply were wrong.This meter will have no import as I'll be using my other Octopus meter to charge the batteries.

When you switched, your quote was based on your estimate of how much energy you use each year.
Every UK home has an official estimate, based on historical meter readings. We've now received this from your previous supplier, and it looks like you're using more energy than your initial estimate.

Initial estimate
Electricity: 100 kWh per year costing £84.99

Official estimate
Electricity: 2,900 kWh per year costing £619.01

That means you're using an average of £53.40 a month more than your initial estimate.


I also have another meter (at another property) that has nothing connected and got exactly the same e mail for that!!