Have you ever thought about renewable energy?
Have you ever thought about solar panels?
Do you like ecologic movement?
What if I told you that now you can take part in creating a new company that will be producing only renewable energy directly from solar panels and you will be benefiting from their success by receiving dividend from their profits.
During this fall, there will be many interesting ICO but in my honest opinion only Solar DAO is worth investing in it. Why? As I said earlier, mostly dividends but not only. Renewable energy is our future because even if we will deny this we can't stop this. Someday we will run out of gas, charcoal and other nonrenewable resources, and we will be forced to start using only ecological energy like wind, water or sun.
Solar DAO will be buying properties and build on them solar fields. Then all this energy will be sold directly to power grids. This will ensure that all produced energy find his buyer and help local power plants lower their production and environment pollution. Many people are skeptical in matter of renewable energy, especially on solar panels. They are thinking that solar panels are ineffective, fragile and very expensive but that's not true. I'll try to bust these myths and explain everything in simple but complex way.
What are solar panels?
“Solar panels convert solar energy into electrical energy. The most commonly used solar panels are based on crystalline silicon. They have the highest key performance indicator and the optimum ratio of price and quality. Moreover, they are reputable for their longevity of use.” – Solar DAO Whitepaper
1. They are ineffective. – Myth
Today’s solar panels have about 25% - 35% efficiency. It seems like low number but in reality is quite high. Remember that petrol engines in your car have about 14% efficiency.
In future years' technology will improve and companies will be able to produce panels with 50% efficiency. That’s massive improvement.
2. They are fragile. – Myth
Solar panels are very durable. They don’t have any moving parts and this makes them very durable. They are designed to survive hail storms, winds faster than 200km/h and variety of weather conditions, temperatures and other unexpected incidents. Life span of solar panels is about 25 years. That’s huge number. In this time every solar panel will fully ROI many, many times.
3. They are expensive. – Partially true
Take a look at Solar DAO numbers from their whitepaper:
PV plant capacity (power that will be produced) – 4 MW (4000kW)
Cost of entire project - $100 per kW, $400,000 for whole plantation
Turnkey construction cost – 3,200,000
Annual production – 5,480,000 kWh per year
Tariff (FiT) - $0,165 per kWh
Earnings - 5 480 000 kWh per year * $0,165 = $ 904 200
Operational costs - $60,000 per year
ROI – less than 4 years
This means that whole power plant will make about 6 times ROI before it will become useless. Plants are insured so if there will be some sudden cataclysm or other misfortune, company will get compensation and investments will be safe.
Team behind this project – this company was founded in 1991 in Krasnodar (Russia) and in total they’ve implemented more than 70MW of solar projects. This definitely speaks for itself.
That’s all from me. I will be investing in this project and I’m encouraging you to do the same. Let’s make this planet more ecofriendly and make some money while helping our environment.