
Wind Investment Saves Man £1,200
For one Sussex man, unable to get solar panels, a community-owned wind farm has managed to save him over £1,200 in its first year
We were recently asked why we chose renewables rather than more specifically solar PV. Simply put, we believe in a dynamic, multi-faceted approach to building a future of renewable electricity. Indeed, for this man who could not get solar panels due to being in a national park and having an unsuitable house then wind power really has demonstrated why we can’t rely on one renewable energy source.
Nigel Baker, from Hellingly, made the decision, along with 900 other people across the UK, to invest in community-owned Graig Fatha Wind Farm in Wales. Consisting of a single Vensys 100 2.5MW wind turbine, the Graig Fatha Wind Farm is the first opportunity for UK consumers to part-own a large scale renewable energy project. The project run by Ripple Energy, in partnership with Octopus Energy and Co-Op Energy is an amazing demonstration of how business model innovation is a great way of accelerating our transition to a sustainable future.
Nigel is set to save £20,715 over the 20 to 25 year lifetime of the system, and with the average customer investment coming in at £2,300 it seems like this was a pretty great investment. Well done to Nigel and Ripple Energy! Follow Gaia Renewables to keep up to date with the latest good news stories!