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                       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) July 23, 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


On July 23, 2005 a series of explosions  occurred in the Egyptian resort town of
Sharm el Sheik near where the Registrant  maintains water treatment  facilities.
None  of  the  Registrant's   employees  were  injured  and  operations  of  the
Registrant's  facilities  were  not  directly  affected  by  the  incident.  The
facilities  located in the town in which the incident took place represent about
34%  of  the  Registrant's  water  treatment  capacity  and  about  44%  of  the
Registrant's consolidated revenues in Egypt.

The  business of the  Registrant  in Egypt is  providing  water (and to a lesser
extent power) to certain resort hotels adjacent to the Red Sea and such business
is largely, though indirectly, dependent on the level of tourism in these areas.
The  Registrant  believes  the incident of July 23rd will likely have a negative
impact such tourism.  While the Egyptian  tourism  industry has  recovered  from
similar  incidents  in the  past,  the  extent  and pace of  recovery  from this
incident cannot be predicted with any degree certainty.


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:  July 27, 2005           By /s/ Douglas R. Wilson
                               Douglas R. Wilson,
                               Executive Vice President and
                               Chief Financial Officer