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July 20/ Own a tiny piece of a wind turbine

I’ve had the privilege and pleasure of working for the renewable energy sector for more than fifteen years – much of that supporting onshore wind.

Onshore wind is the cheapest form of electricity, and can be deployed relatively quickly. It is the perfect complement to solar, typically increasing its output during the winter months. And I think that wind turbines themselves are elegant, beautiful and symbolic of our move away from fossil fuel and towards a better, brighter future.

In the summer of 2019 I was asked if I wanted to help support a new kind of onshore wind project. The concept, produced by Ripple Energy, is for co-operatively owned wind projects to produce electricity, and then sell it as close to market price as possible, with the value captured for members of the co-op.

I was intrigued, and delighted to be asked to lend my support, and so I agreed to Chair the Board of a new pilot wind project cooperative.

Fast forward to July 2020 (and me stepping down from Chair due to Covid-19 and furlough!), and after a huge amount of hard work by Simon Peltenburg, Sarah Merrick and my fellow Board members, the project is now live. Yes, you can buy your own tiny bit of a wind farm, and – as near as possible – have a direct link between the electricity you use and the electricity you generate, straight from a wind turbine.

The turbine is based in the Rhondda in south Wales, and will directly benefit local residents through a local impact fund. It will directly benefit the members of the cooperative by reducing their electricity bills – as long as there’s a differential between the cost of building and running the wind turbine, compared to the wholesale cost of electricity. All the models of predicted electricity prices point to this being the case.

There’s a ‘cost calculator‘ to help you find out how much a share in the coop would cost, and the potential savings you could make.

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Supporting the sector

Many people, only too aware of the impact that our everyday activities are having on climate, are keen to try to make more direct change to how we live our lives. This project, and the Ripple concept more generally, do exactly that.

I am really excited by the prospect of tens or hundreds of these projects, growing in scale across the UK and beyond, harnessing the power of individuals and (in due course) businesses to directly put their money where the science tells us we need to.

As usual, there are a whole bunch of caveats with this sort of ‘investment’ – available from the share document, which also features me(!) as a Board member.

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You’ll need to change supplier to Octopus Energy for a while (sorry Bulb, you were great but I understand that in future there will be a range of suppliers we can switch to) – but in my case that was handled very straightforwardly.

Please head to the website, take a look around, and if you think this is a project worth supporting, join me and hundreds of others in making it a reality.

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