Okovate Sustainable Energy
Protecting Agricultural Infrastructure During the Clean Energy Transition
Okovate Sustainable Energy
Protecting Agricultural Infrastructure During the Clean Energy Transition
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.
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.
Problem Solved
