Good Energy strikes partnership with Ripple Energy

18th Jul 2024 11:08

(Sharecast News) - Renewable energy firm Good Energy said on Thursday that it has partnered with cooperative clean energy ownership outfit Ripple Energy to offer customers the option to own their portion of large-scale wind or solar projects.

Good Energy said the new partnership will further bolster its tariff offering to customers, already directly 100% renewable backed through power purchase agreements, with the option to now own a portion of a renewable project - lowering customers' bills in the process.

The AIM-listed firm will join Ripple Energy as an anticipated supplier, with a plan to launch as a full supplier in the coming weeks. Once live, customers will have the ability to buy into Ripple's new projects such as the planned Whitelaw Brae Wind Farm - set to be the largest ever consumer-owned renewable energy site in the UK.

Chief executive Nigel Pocklington said: "Good Energy are the specialists in microgeneration - helping hundreds of thousands of customers to generate their own clean power and source it from small-scale renewable generators. By working with Ripple we can offer them the chance to own their own portion of a large-scale renewable project and reduce their bills at the same time.

"We have always been big supporters of what Ripple is doing to make cooperative renewable energy ownership simple and accessible, and it's well aligned with our mission to help customers use clean power in their homes and businesses. So we are very excited to be taking this step to work together. It means our tariffs, already acknowledged as among the greenest on the market, can be even greener."

As of 1105 BST, Good Energy shares were up 0.84% at 300.0p.

Reporting by Iain Gilbert at Sharecast.com