<ARTICLE> 5
<LEGEND>This schedule contains summary financial information 
extracted from the Registrant's audited financial 
statements for the year ended December 31, 1997 and is qualified 
in its entirety by reference to those financial statements.
</LEGEND>
<CIK>0001060755 
<NAME> RIDGEWOOD ELECTRIC POWER TRUST V
       
                                                
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-END>                               DEC-31-1997
<CASH>                                      40,821,582
<SECURITIES>                                13,312,688<F1>
<RECEIVABLES>                                        0
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            41,003,219
<PP&E>                                               0
<DEPRECIATION>                                       0
<TOTAL-ASSETS>                              54,469,925
<CURRENT-LIABILITIES>                        1,423,807<F2>
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<COMMON>                                             0
<OTHER-SE>                                  53,046,118<F3>
<TOTAL-LIABILITY-AND-EQUITY>                54,469,925
<SALES>                                              0
<TOTAL-REVENUES>                               844,877<F4>
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                             2,190,030
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                             (1,345,153)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                         (1,345,153)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                (1,345,153)
<EPS-PRIMARY>                                   (1,763)
<EPS-DILUTED>                                   (1,763)

<FN>
<F1>Investment in power project partnership and limited liability 
company accounted for on equity basis.
<F2>Includes $322,522 due to affiliates.
<F3>Represents Investor Shares of beneficial interest in Trust 
with capital accounts of $53,077,526 less managing shareholder's 
accumulated deficit of $31,408.
<F4>Is net of $1,003,276 of interest income, $521,710 of income 
from hydroelectric projects and a $680,109 loss from biomass 
projects.
</FN>