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Renewable energy platform Ripple has joined the NextGen consortium which is pursuing seabed development rights within the Crown Estate Scotland ScotWind leading round. The partnership aims to make a meaningful proportion of future Scottish offshore wind projects 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 will also deliver a programme of local initiatives in neighbouring communities with high incidence of fuel poverty, cementing the role of renewable energy in building net zero future energy systems. 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.
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