>Ripple’s idea is to launch a co-owned energy project, consisting of 70,000 panels, to be shared by thousands of people. Investors can pay a one-off fee of as little as £25 to enough money to cover 120 percent of their home’s electricity bills, usually between £3,000 and £3,600, to own a piece of the park. This will allow homeowners to reduce their bills, by around £200 a year, by paying the wholesale rather than the market price of electricity. Ripple owns 10 percent of the park and households can purchase shares for the remaining 90 percent until mid-May.
>The company’s idea is to provide people across the country with an opportunity to invest in the green transition. While many of these people may be unable to afford their own solar panels or may not have the house space or orientation required to install panels, this allows them to invest in the future of U.K. solar power, as well as decrease their utility costs. The installation of solar panels at home can cost between £7,000 and £12,000 on average, significantly higher than the investment required to own a piece of the park. The park is also expected to have a significant impact on the U.K.’s carbon emissions, which it could decrease by around 19,000 tonnes a year.
A very interesting scheme.
I like the concept. Making it in the energy industry as a small company is notoriously difficult however which leaves me suspicious.
Small energy companies come up with a lot of gimmicks to gain customers before inflating and collapsing.
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>Ripple’s idea is to launch a co-owned energy project, consisting of 70,000 panels, to be shared by thousands of people. Investors can pay a one-off fee of as little as £25 to enough money to cover 120 percent of their home’s electricity bills, usually between £3,000 and £3,600, to own a piece of the park. This will allow homeowners to reduce their bills, by around £200 a year, by paying the wholesale rather than the market price of electricity. Ripple owns 10 percent of the park and households can purchase shares for the remaining 90 percent until mid-May.
>The company’s idea is to provide people across the country with an opportunity to invest in the green transition. While many of these people may be unable to afford their own solar panels or may not have the house space or orientation required to install panels, this allows them to invest in the future of U.K. solar power, as well as decrease their utility costs. The installation of solar panels at home can cost between £7,000 and £12,000 on average, significantly higher than the investment required to own a piece of the park. The park is also expected to have a significant impact on the U.K.’s carbon emissions, which it could decrease by around 19,000 tonnes a year.
A very interesting scheme.
I like the concept. Making it in the energy industry as a small company is notoriously difficult however which leaves me suspicious.
Small energy companies come up with a lot of gimmicks to gain customers before inflating and collapsing.