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Solar DAO Has Enough Power To Redesign The Grid With New Partner

31.08.2018 — 0

Solar DAO, the world’s first digital, autonomous, closed-end, utility-scale PV project investment fund, has declared the partnership with the Powerchain project – a decentralized platform for energy storage that allows everyone to store electricity, transfer it within the network, or trade it. The companies intend to popularize using alternative energy sources and change the conventional and inefficient energy management system by using innovative technologies together.

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The main advantage of the companies’ cooperation will become the adoption of energy storage systems to stabilize power consumption during peak loads. It also allows to regulate alternative sources generation, that is a great avail for the Solar DAO members. Now the bad weather will not affect consumers. The Solar DAO team sees the great potential in energy storage systems and the crucial importance of their development. These systems must greatly change the electricity market in the next 4-8 years.

Powerchain offers for installation an innovative kinetic energy storage, developed by its partner company, Kinetic. The accumulator allows to balance up to 90% of the capacity of platforms participants. The system is also able to:

  1. Remember the indicators of actually produced energy,
  2. Compare them with calculated data in kW/h,
  3. Draw a conclusion about the level of energy storage and its optimal distribution between storage devices and consumers to minimize transport losses and costs for generation.

Solar DAO plans to closely integrate with the platform. Perhaps its projects will work on the Powerchain platform or the company will make its own platform, that will interact with the Powerchain.

According to GOTOSOLAR, a Solar DAO project operator and owner, the strong partnership among the Solar DAO and the Powerchain should increase demand for SDAO tokens and give them significant functionality. It will probably be possible to distribute part of the Powerchain tokens (POWECs) to the SDAO tokenholders.

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SOFIN.io Partner, glad to introduce

17.01.2018 — 0

Our project continues to develop rapidly and we are pleased for mutually beneficial cooperation with innovative projects. Let’s take a look.

Sofin.io is an international fiat platform for P2P loans based on blockchain.

The team consisting of professionals has been working in its field since 2011. They already have successful and working financial projects on their account.

Mechanism of SOFIN.io work:

Any Creditor can issue a loan under any conditions. Any Borrower may request a loan under any conditions. Therefore, market competition dictates fair conditions for the global economy, without international borders and barriers.

For more details visit project’s website and read WP.

What is Solar DAO & SOFIN.io partnership?

As you know, our team will begin construction of the first PVS soon. Cooperation with Sofin.io will help us not only to gain additional experience, but also to attract loan financing for projects.

Useful cooperation = successful Development

Stay with the Solar DAO and become part of the green future!

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Cooperation with Solar DAO: What papers do you need?

26.12.2017 — 0

When in it comes to financial interests and issues, the legal aspect of business is of great concern. So one day the following question arises for businessman who are interested in collaborating with us: What kind of papers should be provided by the owner of solar power station in order to start working with Solar DAO?

Taking into account specific features of PVS projects and its types you may get different lists of papers. For example, let’s have a look at projects in RTB (ready to build) stage. In other words, these are plants that are ready for construction. In this case your package of papers should look like this:

  • Power Purchase Agreement (PPA)
  • Land rights (lease or ownership)
  • Obtained construction permits
  • Grid connection contract
  • Due diligence (good but not strictly needed)

First of all, you should provide PPA. In essence this is a legal contract concluded between an electricity generator, on the one hand, and a purchaser of energy or capacity, on the other hand. It wouldn’t be an exaggeration to say that this kind of agreement plays a key role in the financing of electricity generating assets.

Then comes land rights. This document contains all necessary information of land rights as well as the process of acquiring those. This paper helps developers to make sense of all the details.

Obtained construction permits are also rather significant. One can hardly imagine any construction improvement, repair, alteration, construction, or demolition project without them, and it’s not an exception to the rule either. This is intended to check the compliance of an object with national, regional, and local building codes.

Special mention should be made of the grid connection contract. This document generally sets out the contractual rights and obligations of our company and the grid user in relation to among other matters: rights of use, ownership, technical requirements, and operation of connexion facilities.

Last but not least is due diligence. It implies a specific procedure of analysis prior to concluding a business agreement. It’s considered to be an added benefit.

Now you have an idea of package of documents for projects in RTB stage. As for solar plants in operation, the package of documents is similar.

As soon as you manage to prepare these papers, you can start working with Solar DAO and be sure about legal and tax compliance.


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