Ripple Energy
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Email came in today.
Email came in today. I am sorry to inform you that it has been necessary to cause Ripple to cease to trade. The directors have been required to seek the appointment of insolvency practitioners from Begbies Traynor as administrators. The cooperatives Ripple managed will continue to operate under the direction of their respective boards. It is important to remember that the wind farms and solar parks are owned by the respective cooperatives, not Ripple. Generation at Graig Fatha and Kirk Hill wind farms will continue as normal. Operations and maintenance is carried out by third parties, under contract to the wind farms, not Ripple. Derril Water solar park is currently under construction. Construction is led and managed by an experienced third party contractor, they will continue to manage the project’s build on behalf of the cooperative and its members. The administrators are in discussions with the Boards of the cooperatives to try and secure a smooth transition to other parties to manage the projects on behalf of the coops. The administrator will also be in contact with Ripple’s creditors in due course. We will update you further when possible. Sarah