Exhibit 3(i)(G)

                             January 2005 Amendment
                                     of the
                          Amended Declaration of Trust
                                       of
                        Ridgewood Electric Power Trust V


     This January 2005 Amendment of the Declaration of Trust of Ridgewood
Electric Power Trust V (the "January 2005 Amendment") is made by Ridgewood
Renewable Power LLC, as Managing Shareholder of Ridgewood Electric Power Trust V
(the "Trust") effective as of January 1, 2005.

     Whereas, the Amended Declaration of Trust which created the Trust was
executed by the Managing Shareholder and Ridgewood Energy Holding Corporation as
grantor and corporate trustee ("Corporate Trustee") as of April 12, 1996 as
amended as of July 19, 1996 (the "Declaration"); and

     Whereas, by letter dated August 18, 1997 (the "August 1997 Amendment"), the
Managing Shareholder informed the Shareholders of the Trust that the Managing
Shareholder was voluntarily modifying the sharing arrangements between the
Shareholders and the Managing Shareholder under the Declaration for the benefit
of the Shareholders; and

     Whereas, the Declaration was further amended by a written instrument
executed by the Corporate Trustee dated as of December 30, 1997 (the "December
1997 Amendment"); and

     Whereas, the Declaration was further amended by a written instrument
executed by the Corporate Trustee dated as of April 1, 1998 (the "April 1998
Amendment")

     Whereas, the Declaration was further amended by a written instrument
executed by the Corporate Trustee as of January 2, 2002 (the "January 2002
Amendment"); and

     Whereas, the Declaration was further amended by a written instrument
executed by the Managing Shareholder as of December 18, 2003 (the "December 2003
Amendment"); and

     Whereas, the Declaration, as amended by the August 1997 Amendment, the
December 1997 Amendment, the April 1998 Amendment, the January 2002 Amendment
and the December 2003 Amendment is herein referred to as the "Amended
Declaration"; and

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     Whereas, except as set forth herein, terms set forth in capital letters
herein shall have the meanings assigned to such terms in the Amended
Declaration; and

     Whereas, Section 15.8 of the Amended Declaration authorizes the Managing
Shareholder to make amendments to the Amended Declaration without notice to or
approval of the Shareholders in a variety of circumstances, including, without
limitation, amendments to maintain the tax status of the Trust; and

     Whereas, tax counsel for the Trust has recommended that certain provisions
of the Trust be amended to clear up potential ambiguity and to maintain the tax
status of the Trust; and

     Whereas, the Managing Shareholder has reviewed the proposed amendments to
the Amended Declaration recommended by tax counsel for the Trust, and has
concluded that the amendment of the Amended Declaration in the manner
recommended by tax counsel for the Trust will not materially and adversely
affect the interests of the Shareholders in the Trust.

     Now, therefore, the Amended Declaration is further amended as follows:

     1.   Article 4 of the Amended Declaration is hereby amended by inserting
new Sections 4.8 through 4.12 immediately following the end of existing Section
4.7 as follows:

     "4.8 General Application. Notwithstanding any other provision of this
     Declaration, for all fiscal periods beginning on or after January 1, 2005,
     the rules set forth below in Sections 4.9 through 4.12 shall apply for the
     purposes of determining each Shareholder's allocable share of the items of
     income, gain, loss and expense of the Trust comprising Profits or Losses of
     the Trust for each fiscal period, determining special allocations of other
     items of income, gain, loss and expense, and adjusting the balance of each
     Shareholder's Capital Account to reflect the aforementioned general and
     special allocations. For each fiscal period, the special allocations in
     Section 4.10 and Article VII shall be made immediately prior to the general
     allocations of Section 4.9. The provisions of Sections 4.3(b), 4.3(d) and
     4.4 shall continue to apply."

     "4.9 General Allocations.
          --------------------

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          (a) Hypothetical Liquidation. The items of income, expense, gain and
     loss of the Trust comprising Profits or Losses for a fiscal period shall be
     allocated among the Shareholders in a manner that will, as nearly as
     possible, cause the Capital Account balance of each Shareholder at the end
     of such fiscal period to equal the excess (which may be negative) of,

          (i)   the amount of the hypothetical distribution (if any) that such
     Shareholder would receive if, on the last day of the fiscal period, (x) all
     Trust assets, including cash, were sold for cash equal to their book
     values, taking into account any adjustments thereto for such Fiscal Year,
     (y) all Trust liabilities were satisfied in cash according to their terms
     (limited, with respect to each nonrecourse liability, to the book values of
     the assets securing such liability), and (z) the net proceeds thereof
     (after satisfaction of such liabilities) were distributed in full pursuant
     to Section 8.1(g), over

          (ii)  the sum of (x) the amount, if any, without duplication, that
     such Shareholder would be obligated to contribute to the capital of the
     Trust, (y) such Shareholder's share of Partnership Minimum Gain determined
     pursuant to Regulations Section 1.704-2(g), and (z) such Shareholder's
     share of Partner Nonrecourse Debt Minimum Gain determined pursuant to
     Regulations Section 1.704-2(i)(5), all computed as of the hypothetical sale
     described in Section 4.9(a)(i).

          (b) Determination of Items Comprising Allocations.
             ----------------------------------------------

          (i)   If the Trust has Profits for a fiscal period,

          (A) for any Shareholder as to whom the allocation pursuant to Section
     4.9(a) would reduce its Capital Account, such allocation shall be comprised
     of a proportionate share of each of the Trust's items of expense or loss
     entering into the computation of Profits for such fiscal period; and

          (B) the allocation pursuant to Section 4.9(a) in respect of each
     Shareholder (other than a Shareholder referred to in Section 4.9(b)(i)(A)
     hereof) shall be comprised of a proportionate share of each Trust item of
     income, gain, expense and loss entering into the computation of Profits for
     such fiscal period (other than the portion of each Trust item of expense
     and loss, if any, that is allocated pursuant to Section 4.9(b)(i)(A)
     hereof).

          (ii)  If the Trust has a Loss for a fiscal period,

          (A) for any Shareholder as to whom the allocation pursuant to Section
     4.9(a) hereof would increase its Capital Account, such allocation shall be
     comprised of a proportionate share of each of the Trust's items of income
     and gain entering into the computation of Loss for such fiscal period; and

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          (B) the allocation pursuant to Section 4.9(a) hereof in respect of
     each Shareholder (other than a Shareholder referred to in Section
     4.9(b)(ii)(A) hereof) shall be comprised of a proportionate share of each
     Trust item of income, gain, expense and loss entering into the computation
     of Loss for such fiscal period (other than the portion of each Trust item
     of income and gain, if any, that is allocated pursuant to Section
     4.9(b)(ii)(A) hereof).

          (c) Loss Limitation. Notwithstanding anything to the contrary
     contained in this Section 4.9, the amount of items of Trust expense and
     loss allocated pursuant to this Section 4.9 to any Shareholder shall not
     exceed the maximum amount of such items that can be so allocated without
     causing such Shareholder (other than a Managing Shareholder) to have a
     deficit in his Adjusted Capital Account at the end of any fiscal period.
     All such items in excess of the limitation set forth in this Section 4.9(c)
     shall be allocated first to Shareholders who would not have a deficit in
     his Adjusted Capital Account, pro rata, until no Shareholder would be
     entitled to any further allocation, and thereafter to the Managing
     Shareholder.

          (d) No Deficit Restoration Obligation. At no time during the term of
     the Trust or upon dissolution and liquidation thereof shall a Shareholder
     with a negative balance in its Capital Account have any obligation to the
     Trust or the other Shareholders to restore such negative balance, except as
     may be required by law or in respect of any negative balance resulting from
     a withdrawal of capital or dissolution in contravention of this
     Declaration."

     "4.10 Special Allocations. The following special allocations shall be made
     in the following order:

          (a) Deficit Capital Accounts Generally. If a Shareholder has a deficit
     Capital Account balance at the end of any fiscal period which is in excess
     of the sum of (i) the amount such Shareholder is then obligated to restore
     pursuant to this Declaration, and (ii) the amount such Shareholder is then
     deemed to be obligated to restore pursuant to the penultimate sentences of
     Regulations Sections 1.704-2(g)(l) and 1.704-2(i)(5), respectively, such
     Shareholder shall be specially allocated items of Trust income and gain in
     an amount of such excess as quickly as possible, provided that any
     allocation under this Section 4.10(a) shall be made only if and to the
     extent that a Shareholder would have a deficit Capital Account balance in
     excess of such sum after all allocations provided for in this Article 4
     have been tentatively made as if this Section 4.10(a) were not in this
     Declaration.

          (b) Allocation of Nonrecourse Deductions. Each Nonrecourse Deduction
     of the Trust shall be specially allocated 1% to the Managing Shareholder
     and 99% to all of the Investors in proportion to their Capital
     Contributions.

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     The allocations pursuant to Sections 4.10(a) and (b) shall be comprised of
     a proportionate share of each of the Trust's items of income and gain."

     "4.11 Allocation of Nonrecourse Liabilities. For purposes of determining
     each Shareholder's share of Nonrecourse Liabilities, if any, of the Trust
     in accordance with Regulations Section 1.752-3(a)(3), the Shareholders'
     interests in Trust Profits shall be determined in the same manner as
     prescribed by Section 4.10(b)."

     "4.12 Credits. All tax credits shall be allocated among the Shareholders as
     determined by the Managing Shareholder in its sole and absolute discretion,
     consistent with applicable law (including IRC Section 704(b) and the
     Treasury Regulations promulgated thereunder)."

     2.   Section 6.1(a)(4) of the Amended Declaration is hereby amended by
inserting the phrase ",4.10" after the phrase "4.7" and before the phrase "and
7.4" at the end of such subsection.

     3.   Section 6.1(b)(3) of the Amended Declaration is hereby amended by
inserting the phrase ",4.10" after the phrase "4.7" and before the phrase "and
7.4" at the end of such subsection.

     4.   Section 7.4(d) of the Amended Declaration is hereby amended as
follows:

          (a) by deleting the phrase "Sections 4.1 and 4.2" in the third line
          thereof and inserting in lieu thereof the phrase "Sections 4.1, 4.2
          and 4.9;"

          (b) by deleting the phrase "Sections 4.1 and 4.2" in the third line
          thereof and inserting in lieu thereof the phrase "Sections 4.1, 4.2
          and 4.9," and

          (c) by inserting the phrase "or Section 4.10" following the phrase
          "Section 7.4" in the fourth line thereof.

     5.   Section 8.1 (e)(1) of the Amended Declaration is hereby amended by
deleting clause (A) in the second line thereof and inserting a new clause A in
lieu thereof, as follows:

          "(A) the sum of (x) an amount equal to 12% of the Investors Average
          Annual Capital Contribution, plus (y) an additional amount equal to
          the amount by which distributions of Net Cash Flow to Investors with
          respect to all prior calendar years are less than the priority
          distribution amounts determined under this Section 8.1(e) for such
          calendar years; or"

     6.   Section 8.1(g)(3) of the Amended Declaration is hereby amended by
inserting a period immediately after the phrase "Sections 8.1(d), (e) and
(g)(3)" in the fourth line thereof and deleting the remainder of such
subsection.

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     7.   Section 8.1(g)(4) of the Amended Declaration is hereby amended by
deleting such provision in its entirety and inserting a new provision in lieu
thereof as follows:

     "(4) Fourth, the balance, if any, to the Shareholders in accordance with
     Section 8.1(c)."

     8.   The Amended Declaration is hereby further amended by deleting Section
14.7 in its entirety.

     Notwithstanding anything herein to the contrary, the provisions of this
January 2005 Amendment shall not be construed or interpreted in a manner that
adversely affects the interests of the Investors as such existed immediately
prior to the adoption of this January 2005 Amendment. The Amended Declaration,
as amended by this January 2005 Amendment, continues in full force and effect.

     IN WITNESS WHEREOF, Ridgewood Renewable Power LLC, as Managing Shareholder
of the Trust, has executed this January 2005 Amendment effective as of January
1, 2005.

                                           Ridgewood Renewable Power LLC

                                           By: /s/ Douglas R. Wilson
                                               ---------------------
                                           Name: Douglas R. Wilson
                                           Title: EVP/CFO


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