January 14, 2004


  Securities and Exchange Commission
  450 Fifth Street, N.W.
  Washington, D.C. 20549

  Commissioners:

We have read the  statements  made by Ridgewood  Power Trust V (copy  attached),
which we  understand  will be filed with the  Commission,  pursuant to Item 4 of
Form 8-K, as part of the  Company's  Form 8-K report dated  January 14, 2004. We
agree with the  statements  concerning  our Firm in such Form 8-K,  except  that
PricewaterhouseCoopers  LLP makes no comment whatsoever regarding any current or
future revisions or improvements to internal  control systems,  as noted in Item
(a)(iv).

  Very truly yours,

  /s/ PricewaterhouseCoopers LLP

  PricewaterhouseCoopers LLP
  Florham Park, NJ