Ripple Energy has chosen Fuel Bank Foundation as its charitable partner for its new Graig Fatha wind farm, near Coedely, South Wales.
Set for completion in autumn this year, Graig Fatha will be the UK’s first consumer-owned wind farm, enabling households to own a share of the farm, from which they will receive affordable and clean electricity via the grid.
To date, 650 households have signed up to the scheme, contributing more than £1.3m. A further £1.8m loan has been agreed in principle from the Development Bank of Wales, with the Welsh Government providing £1.1m in funding to enable the construction of the wind farm.
Income generated from the Welsh Government’s supported portion of the wind farm will be channelled towards initiatives supporting people facing fuel poverty in the local area, through the wind farm’s Community Benefit Fund (CBF).
As Ripple’s local delivery partner, Fuel Bank Foundation will receive funding from CBF to provide support for people living in and around the Coedely area who are in fuel crisis.