Renewable energies
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 by
SOLAQUA
Madrid
Caleruega 102, 28033 Madrid, Spain
Sustainable developement goals
Solar-powered irrigation systems (SPVs) coupled in DC and without the need for storage
Visit siteThe need
The agriculture industry faces huge energy costs for water pumping. Adapting the pumps is costly; PV provides an alternative, however pumps face challenges in adapting to a variable power generation source. Batteries are expensive, and grid-backed systems offer limited energy savings.
The solution
SolaQua’s proprietary solution focuses on power electronics, narrowing the gap between large PV installations and irrigation systems. It enables working while disconnected from the grid at expensive tariff periods. An innovative business model facilitates the financing of PV-powered irrigation projects by banks and investors; solar-powered irrigation systems (SPVs) connect all stakeholders through long-term purchasing agreements, removing the need for initial investment by customers.
The value proposition
- Facilitates a potential connection between large PV installations and irrigation systems.
- Doubles the energy savings of conventional PV 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.