There is no distance to invest in solar energy. Let the blockchain master the data with one click.
【Published by: BUSINESS NEXT | Editor: Chen Ying-Xuan | Translator: Statecraft 】
“ In the past, people often heard foreign investors and private equity funds investing large amounts of money in solar power plants. It sounds like solar energy is a good business, but why are there still just a few people involved? “
This is the question raised by Wang Min-Di, CEO of RFD Micro Electricity Co. Ltd., about solar energy investment.
A solar power plant has been invested for 20 years, from power plant development, construction, financing, insurance, maintenance, investment, and post-investment management, which are dispersed by different institutions. Information is difficult to connect, and subsequent construction and maintenance of the plant are not completed. The issue of competing with local governments has emerged in an endless stream, and even in the name of “cryptocurrency issuance” recently, people have been attracted to invest in land-based wind turbines, but in the end, manufacturers raised funds and fled, becoming a green energy fraud.
In order to make the operation of the entire solar power plant open and transparent, Wang Min-Di, CEO of solar energy operator RFD Micro Electricity Co. Ltd. (hereinafter referred to as Micro Electricity), proposed a new solar business model and introduced blockchain technology to ensure that the power plant operating data is open and transparent; Innovate to securitize solar energy and expand public participation.
Micro Electricity develops App, transparency of power generation data and cash flow
Micro Electricity is the first solar energy operation team invested by National Development Fund and Executive Yuan. It has been funded by Industrial Development Bureau, MOEA, Howard Hotel Group, Union Venture Investment Co., Ltd., and other funds since its establishment 4 years ago. Micro Electricity specializes in solar project construction and maintenance. The capacity of solar energy installations is 220MW. The cases have gone from north to south Taiwan and managed a total of more than 10 billion NTD funds.
Micro Electricity introduced blockchain technology to create a “solar hardware asset management platform”. Micro Electricity held the development case, and the company’s new team SOLA. Bloc used weather data to generate electricity Volume forecast report, and analyze the status of the power plant through big data. Participants grasp the daily estimated power plant’s estimated revenue, cumulative revenue, and return rate through the mobile app.
From power plant development and construction to bank financing, post-operation management, to ensure the transparent flow of power generation data, cash flow, and information, and to connect with financial control, insurance, service trust.
Collaborate with financial institutions to issue solar power plant funds in the third quarter of 2020
But how to expand solar participation? Micro Electricity’s approach is to securitize solar energy into financial commodities. The company expects to launch a 10MW “Micro Electricity №1” solar power plant at the end of May 2020. It will issue 7 million special shares and 3 million ordinary shares through private equity funds with a denomination of 10 new Taiwan Dollar, it is expected to raise 100 million TWD, and the purchase threshold is 1 million TWD. It is mainly aimed at specific investors. According to internal trial calculations, it can get a 5–6% return on investment every year. The trial of Micro Electricity №1 is to prepare for future fund issuance and to understand the risks and then correct them. It is expected to expand its scale in the third and fourth quarters of 2020. It will cooperate with financial institutions to issue funds. The number of funds raised will be NT $ 3 billion. Through trust, ordinary investors will be able to participate, and fractional shares can be purchased. It shows that solar energy investment commodities will become more and more diverse.
To build the entire open solar ecosystem, Micro Electricity cooperates with National Development Fund, Executive Yuan, Howard Hotel Group, Union Venture Investment Co., Ltd., Taipei Fubon Bank, Shin Kong Bank, Cathay United Bank, ORIX Corporation, etc. In connection with leasing, financing, insurance, private equity funds and service trusts, more cooperation is expected in the second half of 2020.
In Micro Electricity’s imagination, solar energy can produce gold flow for 20 years and will be extended to more applications in the future.
Suppose the user has a need to invest in solar energy and rent a car. In the past, Micro Electricity and the rental company ORIX Corporation cooperated with Tesla Inc. to allow investors to use solar power income to pay for the monthly rent of Tesla cars, and Micro Electricity will help consumers The person controls the risk and confirms whether the consumer ’s income is sufficient to pay for the rental car. In the future, it will further support the public welfare level such as the College of Education, the establishment of cultural cities, and donations.
Wang Min-Di emphasized that Micro Electricity is different from foreign investment funds, and the money is remitted every year when it makes money. The goal of Micro Electricity is to make the income of renewable energy more connected to Taiwan.
■ Source: BUSINESS NEXT
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