|   | 1. | I                have reviewed this annual                report on Form 10-K of Ridgewood Electric Power Trust                V; |
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|   | 2. | Based                on my knowledge, this                report does not contain any untrue statement of a material fact or                omit to                state a material fact necessary to make the statements made, in light                of                the circumstances under which such statements were made, not misleading                with respect to the period covered by this                report; |
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|   | 3. | Based                on my knowledge, the                financial statements, and other financial information included in                this                report, fairly present in all material respects the financial condition,                results of operations and cash flows of the registrant as of, and                for, the                periods presented in this                report; |
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|   | 4. | The                registrant’s other certifying                officer(s) and I are responsible for establishing and maintaining                disclosure controls and procedures (as defined in Exchange Act Rules                13a-15(e) and 15d-15(e)) for the registrant and                have: |
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|   | 5. | The                registrant’s other certifying                officer(s) and I have disclosed, based on our most recent evaluation                of                internal control over financial reporting, to the registrant’s auditors                and the audit committee of the registrant’s board of directors (or persons                performing the equivalent                functions): |
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| /s/                Randall D. Holmes |
|--------------------------------------|
| Name:                                | Randall                D. Holmes |
| Title:                               | Chief                Executive Officer |
|                                 | (Principal                Executive Officer) |
| Dated:                               | January                18, 2008 |

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