Power Clouds, a global renewable energy project that encourages citizens around the world to collectively build photovoltaic power plants, has released metrics for its first year of activity.
Since its inception in March 2013, the project has more than 50,000 participants in more than 100 countries with 50,000 solar panels installed in 13 shared power plants for a total value of $60 million. This represents a unique participatory system of renewable energy production from citizens around the world.
Power Clouds allows anyone, anywhere in the world who owns a solar panel to lease the panel to them. Power Clouds then pays the solar panel owner a monthly fee for 20 years. The hope is that from these participatory solar farms, the global grid will be fed with clean energy and create the first worldwide network of photovoltaic systems – ideally the planet’s largest energy source.
The output from the 13 shared power plants was 11.5 megawatts which is enough power to meet the demands of around 10,000 residents and a reduction of more than 212 tons of CO2 which is the equivalent to planting five million new trees.
The first plants were constructed in Romania and earlier this summer construction began on plants in Japan through a partnership with the Japan External Trade Organization. In addition, Power Clouds is assessing the feasibility of constructing plants in France and the United States.
According to Roberto Forlani, CEO, Power Clouds, the next three years will be characterised by an ambitious development plan he says will reinforce their commitment in Japan and open new plants in other countries.