Gone into administration
Gone into administration
Ripple Energy is exceptionally well-rated by customers. Customers particularly appreciate service and professional, though some mention concerns about communication and customer service.
Gone into administration
I hummed about this one before eventually not investing. I could easily have got done but usually for a lot of the projects I wasn't quick enough in deciding. That is probably why because it felt like a pressure sell....invest now or miss out. Disgusted really from the comments what has happened.
Just read thrives renewable said that there sorry to hear ripple gone under that no payment has been made to them either from Ripple or the coop. There looking forward to dealing with one or the other but at moment there continues with build on there own. Why hasn't ripple sorted a deal
Could not make my final payment. Just checked their reviews and have found out they have gone bust. Thanks for telling us no doubt I would have lost my investment. The Directors would be well cared for got scam written all over it. Have had no return on my investment.
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Decided against it as the fees were way to high to justify.... Requested to cancel my account. Be aware though, your deposit is actually non-refundable if you cancel - they say after 14 days from signing. Share offer for any project however is not available for non-members... So smells like a bit of fraud here... Another reason to stay clear of Ripple...
Date of experience: May 8, 2024
US
I have shares in Kirk Hill and Derril Water and also invested in Ripple via Seedrs. Total investment £4750 Members have been informed that the price paid per kWh has been reduced to 3.2p from 4.3p due to increased operational costs. The estimate price when I joined in was 6.4p/kwh. Further more all payments will be taxed. I will NEVER get my money back!! Avoid!! Update: thank you for responding Ripple. Indeed my electricity bills will be more stable by £60 a year.
Date of experience: March 29, 2024
US
Forget all the delays and cost overruns of setting up Kirk Hill. This is a failure across the board - from the UK gov't for imposing taxes on returns from this investment in green, to Ripple needing to work out how to navigate relatively newer waters and face massive cost overruns and project delays, to all other suppliers involved who seem to be making stuff up as they go. End result is a 3.2p/kwh, BEFORE taxes, return on your investment. Thank you Ripple, that'll take a huge bite out of my 30p peak rate electricity costs. Even getting a poor rate savings account would yield better results. for those stating yes but it's better to do your bit for the environment, why don't you put your money into something with higher returns, and invest the extra you make in paying for a green tariff, or an EV, or solar, or planting trees, or donating to good causes. Ripple just doesn't make economic / financial sense. To ripples response "people owned wind farm" - excluding financers and additional stuff you guys are considering now...
Date of experience: March 28, 2024
My wife and I are two of the initial 900 members that joined Ripple. We have had solar PVs on our house roof for over 12 years and were fortunate enough to register these for the FIT payments at the most lucrative time. When Ripple started, we were very keen to keep being involved with sustainable clean power - as we have been for over 50 years. It's in our blood! And the fact that you get a return on your investment by means of a return being taken from your power bill, was a significant bonus. We are subsequently investing in the follow-on two projects and have reserved a place on the yet-to-be-announced project four. We are more than happy to support Ripple. It's right up our street, doing our bit where others (government?) fail.
Date of experience: March 27, 2024
Very disappointed with Ripple. The Kirk Hill Windfarm has seen numerous delays, and unlikely to produce a return on my investment until May 2024 at the earliest, when initially dates as early as November 2023 were mentioned. In the early stages of the development, Ripple were very keen, sending numerous emails, but the latest delay was not communicated by email.
Date of experience: February 23, 2024
Power to the people, for the people! Great to join a community of like minded people, whether their investment is small or big to cover 120% of their electricity consumption. Its a green way to go, as a London flat dweller, I had no roof to put up solar. By investing in boths Kirkhill Wind Farm and Derrill Solar Park, my home will be truely Zero Carbon in heating, cooking, hot water and sundry. Feeling good about that with all the bad news around about the future of the planet.
Date of experience: January 23, 2024
We too invested when Ripple was just planning the first collective wind turbine in Wales - Graig Fatha. We found the information provided and process of investing to be open, honest and caring. If energy prices continue high and the turbine keeps turning, then this will be by far the best financial investment of my life.
Date of experience: January 23, 2024
When I heard about Ripple I was enthusiastic, spread the word, and several of us put down a deposit wanting to have a share in a windfarm. Having done so there have been no wind projects to join! Just solar farms which we are not impressed with, as however much reassurance is given they remove large areas of land, whereas had they been projects on warehouse rooves, or suspended over car parks they would be so much better. Search for rooftops-can-provide-over-half-our-solar-energy-targets-report-shows So, there are loads of folk getting returns from wind farms, so come and join them. Trouble is I can't as only solar farms are boing offered. By the time a wind farm is offered, then built and eventually connected I shall be dead. So much for getting early access for £25. All it will have done is help the wrong sort of solar farms (in my opinion) be built.
Date of experience: January 23, 2024
Since the cost of energy to domestic consumers is largely due to non-generating costs (tax, grid, etc.) this is like getting someone to grow your crops abroad and having to pay them for delivery to the UK. I toyed with the idea of investing in a Ripple project when they were still able to develop onshore wind capacity. Such projects don't help the fact that the grid lacks capacity for dealing with surges of production (wind turned off to turn gas turbines on!) but the crop analogy is with something you can't grow yourself and which doesn't take up much land. Now, presumably Ripple have had to diversify into solar because of Government-enabled nimbyism. But solar projects do make land unproductive and - by the crop analogy - many people can "grow" it themselves and save on delivery costs! A genuinely "green" initiative would be to reduce the cost of getting solar installed on the myriad roofs that are otherwise going unused. The payback time for such installations is far lower than Ripple's estimate, they're not uglifying parts of the countryside, and they make a public statement that you recognise the importance of renewables. In response to the point made below Ripple continue to misrepresent the relative cost/benefits of domestic solar. On their website, for example, they maintain that “Ripple's cost for the same generation amount 2,700kWh is approximately £2,492, making Ripple 62% cheaper than rooftop solar.” As ever the devil is in the wording: “cost for generation” is not cost to consumer because it doesn’t include grid costs etc. I pointed this out to Ripple a year or so ago but they continue to use this figure. To continue with my analogy, it’s a company telling you they can grow crops cheaper for you than you can grow them yourself but not telling you that you’ll be charged for delivery!
Date of experience: December 21, 2023