“Our blockchain technology clears all the hurdles faced by investors by carrying out capital investments in a tamper-proof manner through a peer-to-peer network between individual parties,” begins Steve Huang, founder and CEO of KiWi New Energy. Developers of renewable energy projects often find it difficult to raise funding for their projects as these initiatives are generally capital-intensive and require substantial investments. On the other hand, institutional investors in renewable energy projects face considerable risks of having to invest in quite a few mega projects due to liquidity limits with their investment funds, as these projects require a longer period of time to obtain a considerable return on investments.
KiWi mitigates the challenges faced by both producers and investors by developing a blockchain ecosystem with two distinctive marketplaces—the KiWi Green Captial Market and the KiWi Global Green Exchange. While the former is an online renewable energy investment platform built on the blockchain technology, the latter is a secondary marketplace for solar assets.
Revitalizing the Green Initiative
KiWi aspires to connect global investors with qualified, premium solar power ventures around the world through its green energy exchange platform, which is scheduled to launch in the near future. The platform aims at empowering individuals to invest in any solar project around the world and resolve their financial constraints along the way. KiWi’s platform harnesses the potential of blockchain technology to create a greater social value and support a ‘bottom-up’ transition, toward a more distributed, robust, and transparent economy that is underpinned by renewable energy. The platform also utilizes artificial intelligence to screen solar projects at a faster rate compared to financial institutions, while lowering the cost of credit and returning the earnings from ventures to respective stakeholders.
The process of investing through KiWi Green Capital Market starts with a reservation capital, where clients purchase KiWi tokens worth $1000 and link their bank accounts or wallet addresses with the marketplace. Once they are ready to invest in a project, clients can verify their ‘accredited investor, KYC, or AML’ status on the platform. As the projects start generating revenue, earnings or returns are deposited directly to the bank account or wallet of the individual on a monthly basis. On the other hand, the financing process on the platform is fairly simple. It is initiated when an approved KiWi green energy development partner submits a loan application. This process triggers a financing decision using artificial intelligence through KiWi’s blockchain-based underwriting algorithms that analyze whether the candidate applying for the loan is eligible or not. If qualified, the applicant is offered competitive and flexible financing packages, where agreements are completed with the use of smart contracts on the distributed ledger ecosystem. “We aim to keep all the hassle away from our contributors. Through the KiWi platform and KiWi tokens, everyone can gain direct access to green energy projects and easily invest in our 500MW featured solar power plants without complicated application and sophisticated payment processes,” adds Huang. The investors that are part of the ecosystem benefit from 20-25 year renewable power purchase agreements that are guaranteed by the government feed-in tariff policies. Additionally, KiWi provides a one-stop shop service to all stakeholders involved in Photovoltaic (PV) power plants. The company works with third-party advisors such as TÜV Rheinland and lender’s technical advisor (LTA) to achieve and sustain the profitability of utility-scale PV systems by ensuring quality, safety, and reliability throughout the multiple project phases.
We aim to keep all the hassle away from our contributors
Merits of KiWi’s Beneficiary Programs
Participating in investment ventures through KiWi’s platform offers a multitude of benefits. While working with a Green investor, professionals at KiWi identify promising renewable energy projects without hassles. The KiWi team, in collaboration with qualified solar project developers, offers a wide range of services including system design, financing, permitting, and installation. The company sells the green energy generated by smart microgrid systems under its 20-year fixed price Power Purchase Agreements (PPA). The revenue generated from these solar-powered smart grids directly converts into KiWi tokens or local currencies, which are then deposited in the investors’ wallet or bank account directly.
KiWi also partners with solar engineering, procurement, and construction (EPC) companies and developers to deliver appropriate financing solutions for their commercial-scale solar projects. “Be it a solar power loan for business owners or a third-party ownership vehicle debt, KiWi green energy loans are fast, flexible, and straightforward,” says Huang. “Our unique blockchain-based platform uses smart contract underwriting and takes a holistic approach by considering all the factors affecting a commercial-scale solar project. We are able to serve more customers than a traditional lender because our decision is not fully dependent on a borrower’s credit.”
"KiWi aims to be the financing vehicle in the renewable energy market that allows everyone to make green investments in the easiest and safest way"
A Foothold in the Decentralized Energy Sector
What makes KiWi unique in the utility landscape is its blockchain architecture, which is designed in synchrony with the physical characteristics of electricity grids at the distribution level. This accelerates the secure transfer of critical information required for the integration of Distributed Energy Resources (DERs), thereby enabling users to operate a truly decentralized grid. Integrating smart contracts pre-certified with international REC standard with smart inverters, monitoring gateway, and software would provide organizations with the privilege of autonomous recording of every unit of energy. “KiWi’s core smart energy gateway technology is going to have a big impact on the future smart grid landscape,” remarks Huang. The company has already successfully deployed and installed over 100,000 of smart energy systems across 30 countries.
Currently, KiWi possesses over 500 MW of solar power plant pipelines in the most promising markets, which would attract more than 2.5 trillion of green energy investment by 2040. With more than 25 years of experience in fully integrated solar system design and core smart inverter technology development, KiWi’s solar projects are designed to be fully optimized and well managed by the localized O&M service team in alliance with its EPC partners. Furthermore, the KiWi Green Energy Platform leverages the latest blockchain technology to involve global communities in projects, in turn, upholding the philosophy of green energy utilization. This, as stated by Huang, will enhance KiWi’s capability to raise sufficient funds and accelerate the growth of global renewable energy adoption. Through this portfolio, KiWi nurtures a smart Internet of Energy (IoE) ecosystem that not only offers a decentralized marketplace but also helps investors attain maximum rewards from the energy engineering ventures. “KiWi aims to be the financing vehicle in the renewable energy market, allowing everyone to make green investments in the easiest and safest way,” concludes Huang.