this post was submitted on 17 Oct 2023
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[–] [email protected] 5 points 1 year ago

If theres not a project near you then im not 100% sure wether they sell you energy from their projects or source renewables from the exisiting market at market rates

You sign up for a project that they have in the pipeline and then choose how much you want to invest in the project, based on the percentage of the power produced by the project. Then after paying your investment over several months, you will own a part of the co-operative that owns the wind turbines/solar panels. Ripple get the project built and set up the co-operative that will own the project. The energy generated is taken off your electricity bill, but you still have to pay standing charges and the like. There's several electricity providers that work with ripple and allow you to credit the electricity generation against your electricity bill, but the main one currently is Octopus energy.