Ripple Energy - Administration

Ripple Energy, which manages the Derril Water Solar Farm near Pyworthy in Devon, has been purchased out of administration by 1st Energy, ensuring continuity for customers.

The solar farm is a co-operative society owned by its members, and Ripple Energy was a managing agent for the co-operative.

Craig Povey and Gareth Prince of Begbies Traynor were appointed as joint administrators of Ripple Energy on 17 March after the company faced financial challenges. A few few weeks later, the sale to 1st Energy, who was one of a number of bidders to have signed a non-disclosure agreement, was concluded. Unfortunately, all staff at Ripple have still been made redundant.