Co-funded by the
European Union
Solaqua
SolaQua’s proprietary solution focuses on power electronics management, narrowing the gap between large PV installations and irrigation systems. An innovative business model facilitates the financing of PV powered irrigation projects by banks and investors. An advantage of the system is the creation of separate legal entities (SPVs) that connect all stakeholders and sources of finance through long-term purchasing agreements, without initial investment required by customers.
Commercialised
Solar-powered irrigation system without need of storage
The need
Agriculture faces high costs for access to the grid to cover water pumping in warmer months. Adapting the pumps is expensive, and while PV installations provide an alternative, the problem remains of how to use pumps with a variable power generation source, without batteries, to lower energy costs.
The solution
SolaQua’s proprietary solution focuses on power electronics management, narrowing the gap between large PV installations and irrigation systems. An innovative business model facilitates the financing of PV powered irrigation projects by banks and investors. An advantage of the system is the creation of separate legal entities (SPVs) that connect all stakeholders and sources of finance through long-term purchasing agreements, without the need for initial investment by customers.
The value proposition
- Facilitates a potential connection between large PV installations and irrigation systems.
- An innovative business model to finance PV powered irrigation projects with banks and investors.
- Creation of SPVs that connect all stakeholders.
- Financing through long-term PPAs, without initial investment from customers required.
- Local partners for PV installation and maintenance that build trust and secure long term deals.
