Ripple Energy has announced that Derril Water Solar Park will become Britain’s first shared solar park. The project, developed by renewable energy company RES, will provide an alternative way solar parks can be owned and run in Britain.
The announcement comes as RES, which developed the project, enters an agreement to sell its Derril Water Solar Park to a Ripple-managed co-operative. The shared ownership model offers an affordable and simple way for households to act on climate change and shrink their carbon footprint, with the chance to buy and part-own the solar park in conjunction with thousands of other people.
From tomorrow (Tuesday 18 April), households across Britain will be able to buy and own part of the pioneering project at Derril Water Solar Park, located approximately 1.2km away from the village of Pyworthy, Devon.
The Solar Park will be capable of producing up to 42MW, potentially generating sufficient clean energy for up to 14,000 homes...