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What is Solar NFT

What is Solar NFT

  • A Solar NFT (Non-Fungible Token) is a digital asset that represents ownership of a real-world solar panel or a portion of its energy output.
  • By owning a Solar NFT, individuals can support sustainable energy initiatives while potentially earning income from the generated solar power.
  • These NFTs leverage blockchain technology to ensure transparency, traceability, and security, allowing users to benefit from solar energy without the need for physical ownership or maintenance of the solar panels.
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How Solar NFT Works

  • Land Acquisition
    The project starts with purchasing suitable land to build a solar power station. This land acts as the foundation for renewable energy production.
  • Building the Solar Panel Station
    Solar panels are installed on the land to generate electricity from sunlight. Each solar panel or a portion of it is divided into units and tokenized into NFTs.
  • Minting Solar NFTs
    Every NFT represents ownership of a specific solar panel or part of it. Investors can purchase these NFTs, effectively owning a stake in the energy production process.
  • Energy Generation
    The solar panels produce renewable energy. The generated energy is stored in mobile battery units or sent directly for distribution.
  • Energy Distribution
    The energy produced is distributed through two main channels:
    Selling Energy to Industries:
    Factories and industrial units buy energy for their operations.
    Selling Energy to the Local Grid:
    The energy is supplied to the local power grid, supporting households and businesses in the region.
  • Revenue Generation
    The income generated from selling energy to industries and the grid forms the financial base of the project.
  • Revenue Sharing with NFT Holders
    The revenue from energy sales is distributed among the NFT holders proportionally based on the number of NFTs they own.
    The more NFTs a person holds, the higher their share of the profits.
  • Blockchain Transparency
    The entire process is recorded on the blockchain to ensure transparency, immutability, and trust among stakeholders.
  • Investor Benefits
    Investors not only contribute to a sustainable energy solution but also earn passive income through their NFT ownership.
  • Sustainability:
    Promotes green energy by integrating blockchain with renewable energy.
  • Ownership:
    NFTs grant partial ownership of the solar power station. Passive Income: Investors receive recurring revenue from energy sales.

Vairaa Solar plant

vellore

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Vairaa solar Plant

Trichy

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Vairaa solar plant

Vellore

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Vairaa solar plant

Madurai

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Vairaa solar plant

Coimbatore

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Vairaa solar plant

Madurai

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Vairaa solar plant

Trichy

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Vairaa solar plant

Coimbatore

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Vairaa solar plant

Madurai

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