Dubai Solar Schools offers schools and universities in Dubai access to fully funded solar plants under a zero-capex/zero-opex formula, utilising local solar installations partners and international operators to help Dubai meet their ambitious solar target.
Architaly Green Energy DMCC, the promoters of the Dubai Solar Schools Program, have awarded South Africa’s Sun Exchange to finance 1MW of several rooftop solar facilities for top-tier Educational Institutions in Dubai.
David Provenzani, managing director of Architaly Green Energy DMCC, and creator of Dubai Solar Schools Program, said: “New technology is an important enabler for Dubai Solar Schools Program’s goal of establishing a sustainable, solar-powered education landscape for the city of Dubai.”
The model complies with and is supported by a favorable policy and local regulatory environment for solar plant leasing, Sun Exchange said in a statement.
The firm added that the overarching purpose is to drastically reduce schools’ electricity costs and carbon footprint with zero investment from the schools, through the use of clean, renewable solar power. Read more...
Finance model for Dubai Solar Schools initiative
Sun Exchange will finance and lease the solar facility through its newly established Dubai entity, meeting the local rules and regulations required for a blockchain-based peer-to-peer solar leasing marketplace.
“Dubai has established itself as a bold leader in the global transition to clean power,” said Abraham Cambridge, founder and CEO of Sun Exchange.
“Our support of the Dubai Solar Schools Program, alongside other world-class solar companies, is an important milestone towards the worldwide economic and environmental transformation we envision.”
Through the Sun Exchange global platform, anyone can purchase solar assets at a starting cost of $10 per solar cell, to be installed in remotely-located commercial solar projects.
This model makes solar plant ownership extremely accessible, while giving businesses and communities in emerging markets access to fully-funded solar projects to reduce running costs and drive sustainable development.
Featured image: Stock