SECURITIES AND EXCHANGE COMMISSION

                                WASHINGTON, D.C.

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

         Date of report (Date of earliest event reported) April 15, 2005

                        RIDGEWOOD ELECTRIC POWER TRUST V
               (Exact name of registrant as specified in charter)

             Delaware                0-24143             22-3437351
         (State or other          (Commission           (IRS Employer
         jurisdiction of          File Number)        Identification No.)
          organization)

                  1314 King Street, Wilmington, Delaware 19801
               (Address of principal executive offices) (Zip Code)

       Registrant's telephone number, including area code: (302) 888-7444

                                 Not Applicable
         (Former name or former address, if changed since last report.)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions:

|_| Written communications pursuant to Rule 425 under the Securities Act (17
    CFR 230.425)

|_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
    240.14a-12)

|_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

|_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
           Appointment of Principal Officers.

     Effective April 15, 2005,  Christopher I. Naunton, Vice President and Chief
Financial  Officer  of  Ridgewood  Electric  Power  Trust  V (the  "Registrant")
resigned his position to pursue other interests.  On April 18, 2005,  Douglas R.
Wilson,  age 45, was appointed  Executive  Vice  President  and Chief  Financial
Officer of the  Registrant,  as well as,  its  Managing  Shareholder,  Ridgewood
Renewable Power, LLC.

     Mr. Wilson has been associated with Ridgewood  Renewable Power, LLC and its
affiliates  since  1996  acting as a  consultant  and  advisor  with  respect to
investment evaluation,  transaction  structuring,  and execution services. Since
May of 2002, Mr. Wilson has served as a Director,  Chief  Executive  Officer and
Finance Director of CLP Envirogas Ltd ("CLPE").  CLPE is an entity that develops
and operates landfill gas-fired electric generating units in the United Kingdom,
eighty-eight  (88%)  percent  of  which  is  owned  by the  Registrant  and  its
affiliate,  The Ridgewood  Power Growth Fund. It is anticipated  that Mr. Wilson
will continue to serve CLPE as an executive and Director during the remainder of
its expansion and development  phase,  which is estimated to be completed within
18-24 months.  During that time, Mr. Wilson will devote  approximately 20-25% of
his time to the affairs of CLPE.  CLPE will be  responsible  for the cost of the
time and expense Mr. Wilson devotes to CLPE. Although Mr. Wilson will be engaged
on a temporary  basis with CLPE as  described  above,  the  Registrant  does not
anticipate  that such role for such a  relatively  short  period will  adversely
affect  his  duties  as the  Registrant's  Executive  Vice  President  and Chief
Financial Officer.

     Mr.  Wilson  has  extensive  experience  in the energy  industry  including
hydrocarbon and project  finance  lending and investing and has  participated in
over $1 Billion of  financings.  During his 22 years in the  financial  services
industry, he has been with RepublicBank of Dallas,  Shearson-Lehman brothers and
Bank of Tokyo.  He is a graduate of the University of Texas in Arlington and has
an MBA from the Wharton School at the University of Pennsylvania.

SIGNATURE

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                        RIDGEWOOD ELECTRIC POWER TRUST V


Date:  April 21, 2005             By /s/ Robert E. Swanson
                                         Robert E. Swanson,
                                         Chief Executive Officer