An energy start-up company is offering households the chance to own a share of a windfarm in a bid. With wind energy playing a critical role in the UK’s Energy Security Strategy, a new company now offers to let people lower their bills directly by buying their own wind farm.
Ripple energy, a new startup, allows households and businesses across the country to own small shares of large-scale wind farms and solar parks, in a cooperative model where the energy generated will be much cheaper than the market price, the Daily Express reports. According to Sarah Merrick, CEO and founder of Ripple Energy, households who invest in building the wind farm, would receive “the low-cost green electricity that their little bit of the wind farm generates.
“It's kind of an alternative to rooftop solar, instead of owning entire solar panels on your home, you own bits of large solar parks and wind farms located somewhere else in the country and you get the savings delivered straight to your electricity bill each month.” Ripple manages the cooperative ownership of the wind farm on behalf of thousands of homeowners who signed up with as little as £25.
