First customer owned UK wind farm launched: Around 2,000 Brits could soon see their electricity bills reduced as their homes get powered by renewable energy produced by a wind farm they own.
Ripple Energy a UK start-up has launched what it claims to be ‘the UK’s first consumer-owned wind facility’ and has joined forces with Octopus Energy and Co-op Energy to get the power from the wind farm to its owners’ homes.
The South Wales, Graig Fatha wind project is expected to be operational in early 2021.
Costing £1,900 upfront for a household, a share is expected to generate enough power to meet its needs for 25 years. The project could reduce their electricity bills up to 26% every year and allows consumers to own as little as a £250 share in the scheme.
Founder and CEO of Ripple Energy, Sarah Merrick said: “You can’t own a bit of a coal or nuclear power station to supply your home with electricity, but you absolutely can own a bit of a wind farm. A huge change is now possible and people are embracing it.”
Managing Director Tom Hoines, Co-op Community Energy, commented: “The partnership with Ripple is a significant milestone in changing the way in which we power the UK, allowing more people to directly own how their electricity is generated.”
CEO of Octopus Energy, Greg Jackson added: “Investing in more renewable energy and powering your own homes when the wind is blowing can end our reliance on dirty fossil fuels faster than we hoped.”
First customer owned UK wind farm launched