Welsh development bank backs UK's first consumer-owned wind farm
The UK's first consumer-owned wind farm will proceed to construction after receiving £1.1 million ($1.5 million) in funding from the Welsh government.
To be located near Coedely, in south Wales, the single-turbine Graig Fatha wind farm should be completed in the autumn of 2021. It will also be funded with a £1.8 million loan agreed in principle from the Development Bank of Wales, and just over £1.3 million contributed by customers of Ripple Energy, the platform behind the project.
A total of 650 households have so far signed up on the platform and more can do so, with investments starting at £25. Under a partnership with Co-op Energy, powered by Octopus Energy, the members' share of the wind farm will be translated into savings on their electricity bills.
