The Sun Exchange is a marketplace that enables its members to purchase and then lease solar cells to schools, businesses and communities in the sunniest locations on earth.
The Sun Exchange hosts solar project crowd sales, each with thousands of optimally-located solar cells available for under $10 unit price. Already, solar cell owners in 68 countries are earning income directly from their solar assets while benefiting the environment, and they are tracking their solar cells’ real-time performance on the Sun Exchange platform.
Solar cells purchased through the Sun Exchange are leased to hospitals, factories, schools and other end-users under 20-year contracts, with pricing that tracks changes in local energy prices and inflation. Energy consumers at the solar projects benefit from affordable electricity for no upfront cost, and pay for the solar electricity consumed to replace power from grid connections, diesel generators, and other dirty energy sources.
Sun Exchange’s global appeal is enhanced by its acceptance of bitcoin as a payment currency for solar cells, and distribution of fiat-based solar lease rental in bitcoin. Bitcoin payments are now implemented in all of Sun Exchange’s four operating projects in South Africa. Looking forward Sun Exchange will complete development of Ethereum-based applications to decentralize and automate solar project payments, servicing, governance, and performance reporting.
Sun Exchange evaluates each proposed solar PV project prior to its sale, but only arranges construction after all the solar cells have been sold. Sun Exchange services include solar project co-design with Engineering, Procurement and Construction (EPC) firms, generation of the solar equipment leases and related legal contracts, and solar energy lease rental collection and distribution over each lease contract term.