World's First Crowdfunded Wind Turbine?

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Fully Charged Show

Fully Charged Show

Күн бұрын

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@fullychargedshow
@fullychargedshow 2 жыл бұрын
Could part-owning a wind farm be the solution to generating your own green power? Tell us what you think below
@computerbob06
@computerbob06 2 жыл бұрын
Probably not I'm afraid. It's a lovely idea, but as an investment case, I still can't make it seem to work. This one will pay you back in your energy bill savings after about 14 years. I would rather get my energy from a completely zero carbon producer and invest the money into Greencoat or something paying a dividend and possible growth! Use the divi to help pay your bill that way. Or buy a small wind turbine and charge a battery or just buy the battery and charge it on Octopus Go! It's a nice idea and there's no one ideal solution (they all have some initial outlay), so at the moment I'm happy to just pay for what I use from the grid, supplied by a zero carbon tarrif!
@dirkvanevercooren2164
@dirkvanevercooren2164 2 жыл бұрын
I love the channel and what you have done for promoting electric mobility, but this is a bit silly. As several comments already point out, the coop model applied to wind is over 20 - in some cases 30 - years old! So saying this is a world first is frankly... very silly. I am a client of a RES coop in Belgium for well over a decade now... Please do your homework @fully charged show!
@mrhignettshorses
@mrhignettshorses 2 жыл бұрын
@@computerbob06 7% per year, where else can you get that?
@benn6690
@benn6690 2 жыл бұрын
sure in denmark we have that for many many years its perfect.
@NicolasRaimo
@NicolasRaimo 2 жыл бұрын
@@computerbob06 remember when calculating this saving from ripple your being paid back interest of your investment monthly so it’s quite tricky math
@jenswinther8601
@jenswinther8601 2 жыл бұрын
I have been a part owner off an offshore wind farm in over 20 years now. “Middelgrunden” in Denmark. (Ten 2 Megawatt turbines). And they are still running. We are now looking into reusing the foundation, the tower, transformer and land cable, and fitting a new nacell and wings. And be running another 20 years…. Yes, i have to pay an extra lump off money for the next 20 years, but im all in for that.
@DavidKnowles0
@DavidKnowles0 2 жыл бұрын
That what I be wondering, will all these foundations and infrastructure be use, even some pro wind people seem to think they will be abandon because it be cheaper to build all new.
@markQ08
@markQ08 2 жыл бұрын
Same thing here I was wondering about.
@alanrickett2537
@alanrickett2537 2 жыл бұрын
Cost of the moving bits will continue to fall the stationary bits are building projects and the price will grown with the test of the building market the problem comes from the market still being young and the equipment is still developing. So you often see a 20 x 1 megawatt scheme replaced with a 8x 3MW scheme and so alot to all of the mounts are abandoned.
@ferkeap
@ferkeap 2 жыл бұрын
No most foundation and such are not suitable for the upgrades. Also the spacing between them is different. The mw per surface doesn't change much. The capacity factor does go up some as there higher up and larger blades.
@jenswinther8601
@jenswinther8601 2 жыл бұрын
@@ferkeap No upgrade in capacity at Middelgrunden (maybe just 5% ). Just new gear with another 20 years off production. Rerember, this is offshore.. foundations are very expensive.
@OVB_NL
@OVB_NL 2 жыл бұрын
I am a part-owner of this first Ripple wind farm too with 5200kWh capacity per year! So excited to see this go live...Sarah and the team have done a great job!
@RippleEnergy
@RippleEnergy 2 жыл бұрын
Thanks Oliver! It's taken a lot of work to get here but we couldn't have done it without all the wonderful members that have got involved.
@colincampbell3679
@colincampbell3679 2 жыл бұрын
And how many Thousands of pounds do you have to pay into this wind farm part owner scheme? If there's say 10 wind turbines each costing millions each to build ad install, you would need to spend a huge amount each stake holder to need pay for one big turbine never known many of these. You would need to get free electricity for life and be paid many hundreds each a year or the huge amount of money each person needed to pay in would not make it worth the trouble?
@craigrogers7344
@craigrogers7344 2 жыл бұрын
@@colincampbell3679 my investment in the turbine covers my annual usage of 12,001kWh and my return in investment is just over eight years
@harenterberge2632
@harenterberge2632 2 жыл бұрын
A lot of the first wind turbines in Denmark, Germany and the Netherlands were built by cooperations of local citizens, so actually crowd funded before the term existed.
@Poetjanstie
@Poetjanstie 2 жыл бұрын
I have already paid my deposit for a reservation on the even bigger Scottish project and looking forward to seeing this progress over the next couple of years.
@metricstormtrooper
@metricstormtrooper 2 жыл бұрын
It's not a first Hepburn shire in Victoria Australia has had one "crowd funded" for years.
@srhoded6633
@srhoded6633 2 жыл бұрын
Yes, a great thing for all.
@lasseholstknudsen6207
@lasseholstknudsen6207 2 жыл бұрын
Here in Denmark we just got the largest wind turbine up in December 2021. The turbine deliveries power to 18.000, so it's like 9 times more energy produced
@--Nath--
@--Nath-- 2 жыл бұрын
That quote about one swoosh around being enough for 8 hours of a house. Awesome.
@danielmuller7133
@danielmuller7133 2 жыл бұрын
Love the idea, but some research would've shown that the crowdfunded wind mills have been around in DK, SE and NL for maybe 2 decades in some of these countries. So you'll see some people react on the "first crowdfunded". Overall; great progress though.
@garethedwards2883
@garethedwards2883 2 жыл бұрын
What an absolutely fantastic idea and one that could work for a lot of communities, Fantastic vision for the future.
@RippleEnergy
@RippleEnergy 2 жыл бұрын
Thanks Gareth!
@jannepeltonen2036
@jannepeltonen2036 2 жыл бұрын
I've owned shares in a consumer owned wind generation company for almost twenty years now, since I bought them from people who had been active in establishing that company in 1998. The company has been generating power to its shareholders since 1999. It was originally conceived when members in an environmental organization wanted a consumer-owned wind power company, and was funded by the traditional "crowdfunding" mechanism, i.e. selling shares to the public. An A share gives you more voices in company meetings, a B share gives you one voice and a set amount of power per year per share. So this project, while admirable, is at least almost a quarter of a century late from being "world's first crowdfunded wind turbine" ;) The power generated has almost always been near the cheaper end of electricity market prices - and right now, when Central Europe pays a lot for energy from the Nordic energy market, my electricity bill is less than half than most people around here...
@eaaeeeea
@eaaeeeea 2 жыл бұрын
These kinds of decentralized energy production projects are super exciting!
@lleberghappy
@lleberghappy 2 жыл бұрын
There was some co-op windfarns in Sweden too early 2000. It was supposed to be such a good investment, but since the cost of building windpower dropped so much, the subsidies dropped too for the previous generation of turbines too. And electricity dropped in proce too Many lost a lot. But... Many are happy they own windpower now when the market is insane. (Because the lack of natural gas has forced the market)
@RippleEnergy
@RippleEnergy 2 жыл бұрын
There are energy co-ops in the UK too. What's really innovative about Ripple is that it's the first to link your co-operative ownership of a wind farm to your home electricity supply to get savings on your bill. It closes the loop, so your energy supplier buys your electricity, from your electricity and supplies it to your home (albeit it's not possible to track electrons through the grid)
@willinwoods
@willinwoods 2 жыл бұрын
@@RippleEnergy No, I think that was the deal in Sweden as well. Doesn''t sound new to me.
@StartledPancake
@StartledPancake 2 жыл бұрын
@@willinwoods Its exactly the same model as the Netherlands, which has been around for at least 6 years.
@user-ij7lw3zt4h
@user-ij7lw3zt4h 2 жыл бұрын
@Tomas Helleberg You mean now when the Swedish BASE production from perfectly working decommisioned nuclear plants is disrupted by intermittent solar and wind production due to lack of sunlight and no wind during high preassure cold winter conditions??? Swedish oil powered power plants must step in to cover for the wind turbine ZERO production, why are theese CO2 emissions never calculated when wind farms emissions are discussed? Wait and see what happens when Germany close their last nuclear plants. Theese mega farms are killing both birds and insects and have a very short production life time. What are the long term effects of deforesstation for wind turbines for the wild life, moose, deer, reindeer and also the reduced amounts of trees that capture CO2 when wind turbine parks are built in the forrests? Please stop and think. It is time to build Gen 4 nuclear power plants instead.
@gazzalawson
@gazzalawson 2 жыл бұрын
Im struggling to understand exactly how this closes the loop and that customers can use the energy for themselves (rather than pay eg Octopus to supply it) isnt that take the profit from your investment and deduct that profit from your bill? Which is very different and very misleading.
@mspalmboy
@mspalmboy 2 жыл бұрын
Excellent. Renewables by the people, for the people.
@WHGM74
@WHGM74 2 жыл бұрын
Looking at the reluctance - Not-In-My-Backyard - problems and the difference it makes if people can own part and reap the benefits of these installations and the Ripple model cannot be cheered on enough!
@jvdb5509
@jvdb5509 2 жыл бұрын
I used to live in a small town in the North of the Netherlands where the community bought a wind turbine, with the proceeds going back to the community. It wasn't too uncommon for villages to do this since there were subsidies in place, which at that time made it economically viable. That doesn 't make it 100% crowdfunded, but it it was definitely a communal effort.
@zygmuntthecacaokakistocrat6589
@zygmuntthecacaokakistocrat6589 2 жыл бұрын
What about the Hepburn Wind Farm in Victoria, Australia? Pretty sure the locals own the company that operates those two turbines. Ask Simon Holmes a Court, who was the chairman at the time.
@cloudbase4140
@cloudbase4140 2 жыл бұрын
Well done Ripple team! I am one of the owners of the co operative and think its a very worthwhile scheme. Better owning the root source of the generation than paying some fat cat investment corporation for their cream! You don't need a roof for solar panels. You don't have to own a property. You can move home if you need to and still retain your electrons and pass them on to family when you die.! Ripple are working on adding more suppliers than just Octopus. It has to be helping the planet and reducing my energy bills will be great too.
@chrisallen1782
@chrisallen1782 2 жыл бұрын
We recently installed a 6KWh solar array to our house and you are spot on about moving home.
@gandalf1124
@gandalf1124 2 жыл бұрын
I would argue that Twindmøllen (Windmill in Tvind) is the first crow funden wind turbine. Build in 1978, and still producing.
@stevejordan4299
@stevejordan4299 2 жыл бұрын
I do realize English is not your first language, but a crow funded wind farm sounds great.
@akyhne
@akyhne 2 жыл бұрын
@@stevejordan4299 We have lots of crows in Denmark. Who says he was wrong? 😜
@Jakob_DK
@Jakob_DK 2 жыл бұрын
The wind turbines in Denmark in the 1990’ties were built and sold as parts in a coop
@RippleEnergy
@RippleEnergy 2 жыл бұрын
There are energy co-ops in the UK too. What's unique about Ripple is that it links co-operative ownership to your own electricity supply/bill
@Jakob_DK
@Jakob_DK 2 жыл бұрын
@@RippleEnergy Yes. We are selling and buying electricity at the same price that is said by the hour on Nordpool. Then there is of cause transportation charges that the household consumers always pay. Here It is often more profitable to sell power from eg solar during the day at a higher price than to move ev charging to day time. The concept is very interesting though.
@michaelmcclafferty3346
@michaelmcclafferty3346 2 жыл бұрын
You are welcome to come to Scotland, Robert. We would love to see you here with Fully Charged.
@MrTytalus
@MrTytalus 2 жыл бұрын
Looking through the comments, even if this isn't the first type of this kind of initiative, it's the first I've had a post-it-note's portion of 🤗 Great to see it finally up!
@randymch
@randymch 2 жыл бұрын
As someone who has just bought a small farm in the UK, I can't help but think everything is stacked against 'Joe Public' to stop people from installing their own turbines. I've been trying to explore what options are available to people in the UK and come to a dead end everywhere I look... ...and I can't understand how me having an air source heat pump on my house immediately triggers the need for planning permission on a relatively small scale turbine. New housing should have their own communal turbines.
@nickhinckley3579
@nickhinckley3579 2 жыл бұрын
You're very much right. Small scale wind was all but killed off in the UK in 2015 with the new permitted planning development rights. The cost of planning applications is so prohibitive that people just don't both even thinking about it, solar PV is just much easier (and cheaper) to install. I believe work is underway to change this however, so hopefully we can bring about more single ownership and community energy projects like this in the nearish future. And as you say, when we all have electrically powered heat pumps heating our homes and chargers for our EV cars we need as much renewable energy as possible to power them all. Given wind produces most of its energy over the winter months (and solar over the summer months), we really ought to be promoting both technologies to provide year round renewable generation 👍
@randymch
@randymch 2 жыл бұрын
@@nickhinckley3579 - in the meantime I'm now looking at a monthly electricity bill of £375. That's circa £110 more per month than I was paying 5 months ago in my previous house without an air source heat pump. I so desperately want/need to produce my own energy. There needs to be a one-stop-shop UK based supplier of a generic solar/wind hybrid system that can power a standard 4 bedroom house for less than £20k initial outlay. Home owners would be biting their hands off to buy these.
@superdau
@superdau 2 жыл бұрын
What is your definition of "small"? Smaller turbines are much less efficient than large ones, so putting resources into small ones is kind of a waste (comparatively).
@randymch
@randymch 2 жыл бұрын
@@superdau - with a blade diameter of up to 14 metres (e.g. Britwind H15 which produces up to 16kW)
@DoctorRetina
@DoctorRetina 2 жыл бұрын
I respectfully disagree completely. Wind farms really benefit from scales of economy and a rubbish when they're small. To deliver the biggest impact they need to be big. This project is awesome and meets that end.
@jarkkoaitti287
@jarkkoaitti287 2 жыл бұрын
I think it was in the seventies when i was visiting denmark and wondered about all those wind turbines. what i understood that it was very popular and profitable to buy your own or shares of one, so there were a lot of people owning wind turbines.
@hughmarcus1
@hughmarcus1 2 жыл бұрын
Yes I believe community ownership is quite common in Denmark. At the very least there has to be community benefit from wind farms. It’s a sad reflection on the U.K. that it’s taken this long for a community interest turbine to be built.
@leonelbustosb
@leonelbustosb 2 жыл бұрын
I live in Denmark. This is true. Funny how the UK thinking they are innovating on things that have been around for 40 years 😂
@aliatairwatson1849
@aliatairwatson1849 2 жыл бұрын
Great channel, great ethos…keep fighting the green fight.
@Lennyrapid
@Lennyrapid 2 жыл бұрын
Volvo and Scania trucks hauling the turbines !! 😍 Sweden loves fully charged 🇸🇪
@Moore30
@Moore30 2 жыл бұрын
One sweep of the blades will power a house for 8 hours. WOW!!
@tomquinn9765
@tomquinn9765 2 жыл бұрын
I love Ripple Energy, great idea, well executed. The only thing that held me back is the risk - turbines can fail, and be costly to repair. Having a single turbine concentrates this risk. I'd readily jump into an offshore wind farm where I "owned" a tiny part of 50-100 turbines though!
@chrisallen1782
@chrisallen1782 2 жыл бұрын
I thought part of the cost included insurance?
@DougGrinbergs
@DougGrinbergs 2 жыл бұрын
7:38 two cranes lifting the 3-blade assembly - very impressive!
@namelastname8D
@namelastname8D 2 жыл бұрын
Brilliant! The interviewer was not visible with the interviewee even in a single shot. Amazing! Both of them could have been standing on the opposite sides of the Earth with the same effect! Well done team!
@--Nath--
@--Nath-- 2 жыл бұрын
Social distancing or else just the one camera? :)
@nicwilson6587
@nicwilson6587 2 жыл бұрын
Love the work Bob and the team are doing on Fully Charged. Would love to see more on transitioning away from natural gas to affordable alternatives. Now feels like the time we should be having a conversation on the deprecation of the national gas transmission network and I feel the government should be setting up grants to support local micro generation and energy storage devices (powerwall etc..)
@NicolasRaimo
@NicolasRaimo 2 жыл бұрын
I had the pleasure of interviewing Sarah with Martyn and the project is amazing ripple doing a GREAT job
@RippleEnergy
@RippleEnergy 2 жыл бұрын
Thanks Nick!
@NicolasRaimo
@NicolasRaimo 2 жыл бұрын
@@RippleEnergy pleasure keep up the amazing work
@GreenJimll
@GreenJimll 2 жыл бұрын
This isn't the first crowd funded wind turbine. Crowd funding has been used for lots of community energy projects, including ones in the UK such as Westmill Wind and Solar farms in Oxfordshire. I think the main difference here is that Ripple is tying you into their energy supply contract, as opposed to you having lots of renewable energy investments in coops/community owned renewables that are separate from your energy supply contract.
@RippleEnergy
@RippleEnergy 2 жыл бұрын
The innovative thins about Ripple is it links your ownership of the wind farm with your home's electricity supply. However, Ripple isn't an energy supplier, we partner with a range of suppliers so people have a choice of supplier and choice of tariff. You can switch between our supply partners over the wind farm's lifetime, you're not tied to one supplier or one tariff. We're hoping to announce some new supply partners very soon too!
@BillyGooding
@BillyGooding 2 жыл бұрын
The UK should have state owned wind farms. At the moment the UK government is spending lots of money subsidizing wind farms owned by the Danish, Norwegian, French and Swedish governments but none owned by the UK government.
@garethdesborough7960
@garethdesborough7960 2 жыл бұрын
Really, none? That’s a scandal!
@hughmarcus1
@hughmarcus1 2 жыл бұрын
No they shouldn’t. Government ownership on something like this just leads to bloat & overspending. Community ownership is a far better option.
@erkgards
@erkgards 2 жыл бұрын
Owned by the Swedish Government? 🤔 The Swedish government does not own any wind farms anywhere so how can the UK government subsidize something that does not exist? 🤔
@BillyGooding
@BillyGooding 2 жыл бұрын
@@erkgards Vattenfall owns wind farms in the UK. The Swedish Government owns Vattenfall. The UK government subsidies Vattenfall.
@BillyGooding
@BillyGooding 2 жыл бұрын
@@hughmarcus1 Several other European governments own wind farms in the UK and are doing quite a good job at it. If they can do it then there is no reason the UK government shouldn't own wind farms in the UK. A state owned wind farm is a community owned wind-farm, a country is a big community.
@SquareoftheyearFM
@SquareoftheyearFM 2 жыл бұрын
Can’t wait for the second one to be built.
@42thgamer80
@42thgamer80 2 жыл бұрын
I would love to get even more details but this is the type of content I love.
@djjayrex
@djjayrex 2 жыл бұрын
Great news!
@robhaitch5544
@robhaitch5544 2 жыл бұрын
Nice idea. I bought into a windfarm fund in the late 90s. I think they are now called Thrive. I still own the shares but live in Australia now, so some wind in the UK is offsetting my power in Aus.
@MRAMAZRBALLZZ
@MRAMAZRBALLZZ 2 жыл бұрын
This is amazing!!! Definitely looking at this as I've just moved out!
@guygillmore2970
@guygillmore2970 2 жыл бұрын
Big shout out to South Brent Community Energy Society who did this many, many years ago, albeit a slightly different funding model, back when dinosaurs were roaming the earth (and objecting to wind turbines)
@timmot123
@timmot123 2 жыл бұрын
Im sure privatly part owned wind turbines are common here in Sweden, my electric supplier company offers shares in turbines in Swedish Lappland
@malcolmfowler8972
@malcolmfowler8972 2 жыл бұрын
Seems a great idea. When the energy market gets back to normal and I can switch to Octopus. I will definitely look into investing in the next wind turbine
@RippleEnergy
@RippleEnergy 2 жыл бұрын
You don't need to switch to one of our supply partners immediately. In fact we recommend people don't switch until 2023, closer to the time the wind farm starts operating.
@benpaynter
@benpaynter 2 жыл бұрын
Great idea. We could do with more onshore wind farms being built in areas where the electricity is actually used. Lots of them went up a decade or so ago around Bedfordshire/Northamptonshire but nothing more has happened since then. Just lots of solar which is okay but doesn't produce much throughout the winter when we use most electricity and obviously nothing at night. In the UK wind makes much more sense for grid scale projects. Just such a shame we didn't invest in manufacturing in the early 2000's so that we weren't importing most of thee turbines.
@andyobrien3612
@andyobrien3612 2 жыл бұрын
There is a wind turbine on an small irish island off the west coast of Ireland that is owned by the island and funded by its residents. It was on an episode of eco eye with Duncan Stewart a number of years ago.
@douggray169
@douggray169 2 жыл бұрын
excellent idea - great topic
@mattcbinns
@mattcbinns 2 жыл бұрын
I signed up for their new project a couple of months ago. Looking forward to the details being announced soon.
@mattb8734
@mattb8734 2 жыл бұрын
Very interesting we all could be doing this in the future
@Alex-cw3rz
@Alex-cw3rz 2 жыл бұрын
I think you should also do videos on community owned projects as well Co-Ops etc, one of my seminars was going through a few studies on community owned systems their benefits, drawbacks and how much scope for expansion they have. Which if their are more friendly government subsides like they give to fossil fuel companies there Is good scope for expansion.
@hi-tech-guy-1823
@hi-tech-guy-1823 2 жыл бұрын
Centre for Alternative Technology (Machynlleth) has this first co op + donations owned wind farm
@davidsworld5837
@davidsworld5837 2 жыл бұрын
I already have my name down with them to join the next wave of building
@gazzaman28
@gazzaman28 2 жыл бұрын
I'm so glad the next one will be in Scotland (Sarah - can you give us any clues where it will be in Scotland?) I've paid a deposit so hopefully I will be able to afford to buy a decent sized chunk of the turbine once they start asking for investment.
@RippleEnergy
@RippleEnergy 2 жыл бұрын
When we open the next wind farm we'll share all the details about the project then. Won't be long tho!
@sukhjotesingh9613
@sukhjotesingh9613 2 жыл бұрын
@@RippleEnergy Thank you.
@zacharypernikliyski4830
@zacharypernikliyski4830 2 жыл бұрын
This makes me so happy, but you need to make sure you add battery to this project, because without it you cannot use full of the energy created since many times the energy is produced at the wrong time of the day when you don’t need it, and it’s sold for much less money
@RippleEnergy
@RippleEnergy 2 жыл бұрын
The price is fixed for all output over the year, so it doesn't matter when the generation happens, you still get your savings.
@daiwhite
@daiwhite 2 жыл бұрын
That wind farm is on my local trail running route!
@michael_mkg
@michael_mkg 2 жыл бұрын
7:22 to 7:27 So you can stand there and watch it go whoooosh! 8 hours, 24 hours brilliant😂
@sic1038
@sic1038 2 жыл бұрын
Awesome
@Alex-cw3rz
@Alex-cw3rz 2 жыл бұрын
Wait sorry the first co-op renewable energy project was in the 90s the UK currently has 400 projects. Just a few months ago I had to look up studies and do an essay on Community owned renewables in one of my university renewables module.
@RippleEnergy
@RippleEnergy 2 жыл бұрын
There are lots of renewable energy co-ops in the UK and around the world. What's really special about Ripple is your ownership of the wind farm is linked to your electricity bill. Your supplier buys your electricity from your wind farm and supplies it to your home and savings on your bill as a result. It's a complete loop. Most energy co-ops are investment vehicles, you invest and get a financial dividend. Ripple is a way for people to come together and collectively access low cost, green electricity that they couldn't do alone.
@akyhne
@akyhne 2 жыл бұрын
The first crowd funded wind turbine in Denmark, was probably the Tvind wind turbine, build in the mid 70s. It is still operational. Probably the oldest wind turbine in existence,that runs for full power.
@Hamilcar_Stronginthearm
@Hamilcar_Stronginthearm 2 жыл бұрын
A related strategy was employed in Nova Scotia, Canada, under the name of the "Community Feed-In Tariff". Wind developments would be eligible for an attractive Feed-In Tariff rate (i.e. guaranteed price for electricity produced) if they met several conditions: 1) Some percentage funded by local, non-institutional investors, 2) Under a certain size, 3) Connected to the distribution system rather than transmission. The program was a massive success in that it quickly became fully subscribed, and small farms sprang up all over the place.
@RippleEnergy
@RippleEnergy 2 жыл бұрын
There are lots of energy co-ops all over the world, which is great. What's different about Ripple is that the owners of the wind farm (the co-op members) have their share of the generation from the wind farm linked to their own electricity supply/bill.
@markiliff
@markiliff 2 жыл бұрын
There's lovely!
@StarBoundFables
@StarBoundFables 2 жыл бұрын
Brilliant! 💡
@JayKoim-u5g
@JayKoim-u5g 13 күн бұрын
Wacting from Papua new guinea 🇵🇬,❤
@MLeoDaalder
@MLeoDaalder 2 жыл бұрын
There is the 'Windcentrale' who sell shares (not in the financial/investment sense, aside from lower bills there is no return on investment) to specific turbines which were at the end of their economic life of the original owners.
@timrothwell33
@timrothwell33 2 жыл бұрын
This shows how renewable energy can be added to the grid more intelligently and progressively. Imagine someone coming up with the idea of crowdfunding a nuclear power station!
@Dubnoreix
@Dubnoreix 2 жыл бұрын
The return on investment would be practically zero. You would have to have an enormous number of supporters and it would take serveral years before the first energy would be produced.
@michaelporter6341
@michaelporter6341 2 жыл бұрын
@@Dubnoreix and the liabilities on decommisioning would be huge
@Dubnoreix
@Dubnoreix 2 жыл бұрын
@@michaelporter6341, indeed.
@bigboldbicycle
@bigboldbicycle 2 жыл бұрын
@@Dubnoreix the return won't be practically zero, it will be hugely negative. :)
@alanmay7929
@alanmay7929 2 жыл бұрын
@@Dubnoreix lol…. Rolls Royce has been developing small smart modular nuclear power plants that will be way cheaper and faster to build and also expand with time. The nuclear reactor from an icebreaker for example is a great example of size
@georgegeorgiy3516
@georgegeorgiy3516 2 жыл бұрын
Great.
@LoftechUK
@LoftechUK 2 жыл бұрын
What a great idea absolutely superb plan everyone gets a cut and we save energy at the same time. It’s a no brainier
@durwoodmaccool890
@durwoodmaccool890 2 жыл бұрын
The consumers buy control of the means of production.
@ferkeap
@ferkeap 2 жыл бұрын
What a large impact on the land to get it up there and installed even very close to existing roads. This system of financing owning is really old, has been done for a very long time.
@hawkesworth1712
@hawkesworth1712 2 жыл бұрын
Buying a share of a wind farm, and more so installing solar panels, is a form of electricity hedging. You're just pre-purchasing electricity as a hedge against inflation. It makes perfect financial sense.
@LucifersTear
@LucifersTear 2 жыл бұрын
Interesting model.
@JohnC-iv8jo
@JohnC-iv8jo 2 жыл бұрын
Fing Brilliant
@LaReynedEpee
@LaReynedEpee 2 жыл бұрын
It's interesting, but I'm surprised it can be done and that protectionism doesn't kick in at some point. Wresting energy generation out of the control of monolithic suppliers so the consumer is in charge instead is great though.
@RippleEnergy
@RippleEnergy 2 жыл бұрын
Thanks, it's great you like what we're doing! The shift to renewables opens up completely new ways of owning the UK's energy assets. People can't own bits of coal or gas or nuclear stations, but they totally can own a bit of a wind farm or solar park!
@SWR112
@SWR112 2 жыл бұрын
Love it, I am all for renewables but the first thing people fling at you is why have prices rocketed when we have so much renewables now. If we started seeing electricity prices creep down and someone stood up and said it’s renewables making cheap power everyone would be onboard.
@RippleEnergy
@RippleEnergy 2 жыл бұрын
The 900 owners of the Graig Fatha turbine will see bigger savings from their wind farm ownership because of the high electricity prices. Owning a wind farm, which generates electricity at a low and stable cost for the long term can help you stabilise your electricity bills.
@--Nath--
@--Nath-- 2 жыл бұрын
The thing is that during the transition period there are lots of fossil fuel lobbyists/paid off politicians pushing FUD about renewables. Prices for fossil fuel going up? BLAME RENEWABLES! It is a tired but well tested technique by dying industries to blame the new/better state on the problems they have. I remember big Tobacco claiming that smoking bans will be the death of pubs while the change was underway. It's not the whole story, but it is a part of it. Lots of soon to be out of work PR/propaganda spreaders for fossil fuel..
@windspeedmetersandanemomet6444
@windspeedmetersandanemomet6444 2 жыл бұрын
✔ SUPER IDEA GUYS, REALLY WORKS. THANKS FOR AN EXCELLENT VIDEO
@andrewrance
@andrewrance 2 жыл бұрын
Hepburn wind in Victoria, Australia started meeting in 2008 commissioned in 2011 - If you can handle that much red tape and that many meetings there are multiple precedents. If you want to see what real freedom looks like and no red tape head to the south east coast of India it's a foreign wind company slaughterhouse.
@peterhendry2154
@peterhendry2154 2 жыл бұрын
At this point in time it would be much wiser for groups like this to invest in batteries and attach them directly to existing wind; solar or hydro farms than to create new ones. That's where small groups can get together and make a return on their investment while helping to stabilise the existing grid.
@BritishAnts
@BritishAnts 2 жыл бұрын
Agreed!
@Tijgerhaai_MTB
@Tijgerhaai_MTB 2 жыл бұрын
we have projects like this in the Netherlands.
@syproductions456
@syproductions456 2 жыл бұрын
I spoke to someone from ripple support. It seems that the electricity generated is sold at wholesale price, but as a consumer we pay retail rates on our electricity bill, s you don't actually get the same amount of electricity to your house that the wind farm generates, only a fraction of that :(
@paulbrowne2192
@paulbrowne2192 2 жыл бұрын
The reason for this is, you may pay 20p per kw however, the national Grid, vat, green levies, energy supplier costs etc make up around 60% of that 20 pence. Hence you'd get the 40% .
@RippleEnergy
@RippleEnergy 2 жыл бұрын
Oy part of your bill is the actual electricity, the majority is grid charges, taxes, levies and supply costs. You still need to lay these, as well as the wind farms operating costs. We estimate your bill would be reduced by around 25% if your share of the wind farm generates as much as you use.
@knowledgebyte
@knowledgebyte 2 жыл бұрын
Germany kicked this off a few years back with community based wind turbines, so not a world first. The key was getting the funding. Once they got past that hurdle, several other communities started up their own e-hubs.
@akyhne
@akyhne 2 жыл бұрын
Yeah, I saw a documentary on KZbin about that, a few years ago. The oldest crowd funded wind turbine, is probably the Tvind turbine, here in Denmark. It was built in the 70s, and is still operational.
@livingladolcevita7318
@livingladolcevita7318 2 жыл бұрын
I live just down the road from there you should have popped in for a cuppa Robert.
@bujin1977
@bujin1977 2 жыл бұрын
I'd be interested to hear what percentage of the owners are based in Wales, and same goes for the one they're planning on for Scotland.
@normanboyes4983
@normanboyes4983 2 жыл бұрын
Surprised they are prioritising building more wind turbines in Scotland when there is already insufficient grid cables to handle their output - maybe it is something to do with the fact they are paid if they are told to turn them off.🤔
@GHILLIESARCADEANDMORE
@GHILLIESARCADEANDMORE 2 жыл бұрын
Cool
@sandersson2813
@sandersson2813 2 жыл бұрын
Will crowdfunding to be used to maintain it and replace the blades when they become eroded?
@craigrogers7344
@craigrogers7344 2 жыл бұрын
The investment covers all maintenance for the first 25 years.
@chrisheath2637
@chrisheath2637 2 жыл бұрын
This is great ! Except, the elephant in the room, which no-one seems to be addressing (maybe this is the team to do it !) is that the fossil fuel industry is subsidised annually, worldwide, $5 trillion . That's $11 million a minute... Now , if you could look at where your electricity bill goes, you would see these subsidies in action...
@BillThanis
@BillThanis 2 жыл бұрын
The wind turbine in Toronto Canada was crowd funded over a decade ago.
@johnaboardviolet237
@johnaboardviolet237 2 жыл бұрын
Why did you not publish the cost per share of the wind turbine and how much electricity per share is allocated ?
@ehabyoussef3303
@ehabyoussef3303 2 жыл бұрын
Massive.
@rich81090
@rich81090 2 жыл бұрын
Can you be with any electricity provider or does it lock you in for so many years with themselves?
@RippleEnergy
@RippleEnergy 2 жыл бұрын
You need to be with one of our supply partners by the time the wind farm starts operating in late 2023. We are currently partnered with Coop Energy / Octopus and are planning to announce new supply partners shortly. You can switch between them + their various tariffs over the wind farms 25 year life
@903lew
@903lew 2 жыл бұрын
A world first? We’ve had this setup for about 15 years in Sweden. Good system though.
@Maxpowersisi
@Maxpowersisi 2 жыл бұрын
nice
@matthewbooth631
@matthewbooth631 2 жыл бұрын
Maybe a UK first, but certainly not a World first, as community owned wind farms are well established in Germany, Denmark and the Netherlands (that I know of).
@briangriffiths114
@briangriffiths114 2 жыл бұрын
This is not a new idea as Energy4All have been offering shares in wind, solar and hydro cooperatives since they were formed in 2002 in the wake of the Baywind project that commenced in 1996. Originally, returns of 8-10% were common but more recent 4-5% is a typical return. Also, a small part of the income is used for community education projects.
@David34981
@David34981 2 жыл бұрын
Imagine the lorries being electric as well! The future is bright (in some ways at least)
@FormulaWhine
@FormulaWhine 2 жыл бұрын
How much is the up-front cost to buy in to a scheme like this? I think it's a brilliant idea but usually, while on paper it looks great, the upfront cost can be prohibitive against the savings returned over 25 years.
@craigrogers7344
@craigrogers7344 2 жыл бұрын
I invested £7,780 for 4,491 watts (12,001kWh/year). A 8p per kWh (fixed for the first year) bought by Octopus Energy I will be credited £960 per year. Therefore I will cover the cost of my investment in 8.1 years.
@The_Independant_Pit
@The_Independant_Pit 2 жыл бұрын
Hmm this would be interesting here in Canada, consumption is much higher for heating and wind can help alleviate peaks and nights better than solar can when no storage is involved. This could be interesting to see these kind of initiave over here. Otherwise just biding my time until V2G is a thing in our market then solar will be a very interesting solution to me.
@eveningstar3230
@eveningstar3230 2 жыл бұрын
How do you get involved?
@bardrick4220
@bardrick4220 2 жыл бұрын
Do you think you can do something about the inconstant volume?! The music came on, set off my subs and scared the cat away! I turn it down but then I can't hear what you're saying!
@leonelbustosb
@leonelbustosb 2 жыл бұрын
Robert. Here in Denmark this exist for more than 30 years in Denmark. Point apart of the dissapointing of the lack of research in your claims. Let me tell you that in Denmark has been a common practice that neightbours of an area go together and fund a wind turbine, or communities. And I am not talking about small turbines, I am talking about turbines of that size in your video and all other sizes.
@jean-pierredeclemy7032
@jean-pierredeclemy7032 2 жыл бұрын
Not a world first by any means. A village in Denmark clubbed together and bought one to power the village about twenty years ago.
@sherriali1029
@sherriali1029 2 жыл бұрын
What about the one in Toronto?
@olekjeldgaard7926
@olekjeldgaard7926 2 жыл бұрын
World First? NO In the 80-ties and 90-ties almost all danish windfarms were customer owned.
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