Ripple joins NextGen consortium to develop consumer-owned wind farm

4C Offshore | Tom Russell
By: 28/09/2021 Ripple
Renewable energy platform Ripple has joined the NextGen consortium, led by Quaybridge Scotland, Parkwind and Maple Power, which is pursuing seabed development rights within the Crown Estate Scotland ScotWind leading round. The partnership aims to bring community ownership to the offshore wind sector for the first time in the UK.

Ripple outlined that a proportion of future Scottish offshore wind projects are to be available via Ripple’s consumer ownership platform. Individuals will be able to purchase micro-shares of offshore wind projects as they near final investment decision. Once operational, the green electricity from the offshore wind farm will be supplied to their homes, via the national grid.

The Ripple ownership model also aims to deliver a programme of local initiatives in neighbouring communities with high incidence of fuel poverty.

Ripple is an official project partner for NextGen’s ScotWind applications. The companies have entered into a Memorandum of Understanding to develop the community ownership model and net zero community benefit programme for any projects awarded to the consortium through the ScotWind leasing process.

“The offshore wind sector in the UK has been slow on the uptake with community energy, but we believe that the benefits of opening up ownership of offshore wind projects to the public are huge.  We have ambitious plans to break the mould with our ScotWind projects. We are really excited about this partnership and see great potential in Ripple’s innovative platform, both to enable meaningful consumer ownership of an offshore wind project for the first time, and as a vehicle to support wider local benefits in the Scottish communities neighbouring our wind farm projects. We look forward to working with them as a project delivery partner to develop a model which works for the offshore wind sector,"
said David Woodhead, Innovation Manager for NextGen

“Partnering with NextGen represents a step change in the development of Ripple’s green energy ownership platform. It shows that, with the right approach, genuine community ownership is possible, even for very large offshore wind farms.  This enables many more people to join the renewable energy revolution and support the transition to clean power. We look forward to working with them upon the successful award of a project lease in the ScotWind process,”
commented Sarah Merrick, Founder and CEO of Ripple Energy.

ScotWind is the process currently being undertaken by Crown Estate Scotland, at the direction of the Scottish Government, to grant property rights for the seabed in Scottish waters for new commercial scale offshore wind projects. ScotWind included up to 15 areas, which have the potential to host up to 10 GW in capacity. Initial award of option agreements is expected in January 2022 with those agreements finalised following that.

For more information on offshore wind farms worldwide, click here.