We’re delighted to reveal that our next project will be a solar park.
After the success of Derril Water, the UK's first shared solar park, this next solar park will not only be larger but it's going to be cheaper too.
Reservations for this project will close on 20th November at noon.
Why is shared solar such a bright idea?
It’s solar, but not as you know it: a cost-effective, community-driven, and climate-friendly solution. It delivers really well on Ripple's mission to make green energy ownership affordable and accessible for everyone, everywhere.
Around 60% cheaper than the upfront cost of rooftop alternatives: when it comes to energy, size matters. By joining thousands of members in a Ripple managed co-operative for a large scale project, it lowers the up front cost for you, whilst still reducing your electricity bills by hundreds of pounds a year.
Diversify your generation across the year: If you already own a bit of one of our wind farms, you'll benefit from the changeable UK weather. If you already have rooftop solar, it's an easy way to supplement it and generate even more clean power.
No roof, no problem: If you can’t have rooftop solar because you rent, live in a flat, or simply cannot justify the up front cost, then this is the solution for you. And if you ever need to move, your ownership moves with you.
Biodiversity net gains: We, like you, demand high standards. When it comes to the environment around projects, we ensure they are not only protected, they are actively improved as a result of the development.
What's changed since our last project
We'll be releasing more details soon, but here are a few things that we've improved since our last share offer.
Costs expected to be cheaper than our last project: even though this solar park is bigger, we're expecting the overall cost to you to be lower to buy your share.
Finance facility will be enhanced - if you follow our other projects you'll know that engaging a finance facility is completely normal for any project of this size and scale. It gives members reassurance that once the share offer closes we can get started on the build. And once the finance facility has been repaid, it means your personal share of the project actually benefits from additional power.
UK businesses will be joining in greater numbers than ever before - businesses need to play a huge role in how quickly the UK decarbonises. They are an important part of the conversation when it comes to green energy ownership.
What happens now. Reservations closing 20th November
If you are still intending to reserve for this project, you'll be pleased to know we are now in the process finalising your share offer document. This will give you accurate information regarding costs, estimated savings and expected generation, as well as the location of the project, in order for you to make your decision on how much of the solar park to buy.
20th November: Reservations will close at noon on this day. If you do not make a reservation by this time we cannot guarantee you a place in this project.
Early December: planned share offer launch for those on reservation list. If you have reserved in time to meet the deadline, you'll be invited back onto the website during an exclusive access window. You'll be able to review your project information, get a quote and purchase your shares. This will be at least one week before the wider public.
Mid December: If there are any shares remaining once the exclusive access window has closed, we will open the share offer up to the wider public.
Already at your 120% ownership limit?
If you are not intending to reserve a place in this project, or you're already at your 120% ownership limit, there's plenty you can do to help share the joy of green energy ownership:
Buy Christmas gift vouchers - A solar park for Christmas? What a bright idea. We expect our share offer to be open over the Christmas period. So why not give the gift of a greener Christmas. Head to our gift voucher page for more details
Share your unique referral link - Sign into your Ripple dashboard and share your referral link across social media or with friends/family. For every person who signs up using your code, we’ll reward you and them with £25 each, credited to your first bills when Project 4 starts generating*.
We'll be back in touch over the coming weeks with more information on timings.