Comment on Say YES to renewables. Join thousands in Generation YES to make change
snacks@feddit.uk 1 year agoits a cool idea but it is a business asking for signups. Ripple is a company which allows you to purchase a share or shares in a wind farm near to you with the idea it pays for itself after a period of time. Usually the windfarm isnt yet built but if theres one in your area already progressing then i think you can join in. If theres not a project near you then im not 100% sure wether they sell you energy from their projects or source renewables from the exisiting market at market rates. Its like paying to install solar panels, after a while (4-5 years) it will have paid itself off and youll be able to hopefully feed into the grid and get something back to cover maintenance costs.
Dima@lemmy.one 1 year ago
You sign up for a project that they have in the pipeline and then choose how much you want to invest in the project, based on the percentage of the power produced by the project. Then after paying your investment over several months, you will own a part of the co-operative that owns the wind turbines/solar panels. Ripple get the project built and set up the co-operative that will own the project. The energy generated is taken off your electricity bill, but you still have to pay standing charges and the like. There’s several electricity providers that work with ripple and allow you to credit the electricity generation against your electricity bill, but the main one currently is Octopus energy.