Okovate Sustainable Energy
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Okovate Sustainable Energy

Okovate Sustainable EnergyOkovate Sustainable EnergyOkovate Sustainable Energy

Protecting Agricultural Infrastructure During the Clean Energy Transition

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Okovate Sustainable Energy

Okovate Sustainable EnergyOkovate Sustainable EnergyOkovate Sustainable Energy

Protecting Agricultural Infrastructure During the Clean Energy Transition

Learn More

What is Agrivoltaics?

Agrivoltaics or dual-use solar is the simultaneous use of land for both solar photovoltaic power generation and agriculture. The coexistence of solar panels and crops implies a sharing of light between these two types of production; however, in some cases crop yield increases due to the shade of the solar panels mitigating some of the stress on plants caused by high temperatures and UV damage.



Why Agrivoltaics?

Local Farmers Stay in Business

Farmers often lose their family-businesses after leasing land to solar developers as they are not able to utilize the land once leased. Through agrivoltaic development, farmers receive land lease revenue, electricity bill reductions, and most importantly, keep their farms active.

Solves the "Solar Land-Lock" Issue

U.S. farmland is eroded by commercial- and utility-scale solar development that "locks up" land for up to 35 years. This adds risk to the nation's well-being given imminent food shortages due to global warming.

Environmental Benefits

Large amounts of water are needed to grow crops at commercial scale. Shading from single-axis tracking solar panels increases water retention in the soil, improves soil quality, and protects plants from harmful direct sunlight, promoting healthier harvests.

Okovate's Business Model

Community Solar Specialists

Okovate develops commercial-scale and community solar agrivoltaics projects from scratch, working with food crop farmers in select markets.

Agrivoltaic Development

Our development process starts with creating buy-in from farmers and landowners. Then we consult designing services with agrivoltaic engineers to understand both crop and solar energy production from the potential array. After initial diligence, we start permitting with the local jurisdictions and interconnection processes with the utility.

AgriLease

Okovate pioneered a risk solution called the AgriLease which works as a vehicle to guarantee market rate payment for crops grown under panels for first 1-2 years after substantial completion of system in attempt to seamlessly recommercialize the farm. 


Okovate will provide reports on crop quality after the first harvest and provide to the farmer's former buyers to prove crop quality was unchanged or improved.

Evolution

Currently, Okovate sells Pre-NTP projects (pre-construction) to asset owners/investors at a low development fee, but we aspire to evolve into our own IPP to create long-term relationships with farmers and their land.

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