- A London based solar energy data provider has created an innovative platform known as PVDATA.
- The PVDATA Platform measures renewable energy due diligence anywhere in the world in a matter of seconds, not months.
It is estimated that over 200 million people will benefit from renewable energy by 2050. This corresponds to a positive year-on-year growth curve. Recent research has however shown otherwise, according to a report written by the International Energy Agency (IEA), the growth of renewable energy has stalled or otherwise plateaued amidst fears of moving to other markets outside North America, Europe and Australia. Risk uncertainties such offtaker credibility, grid connection, regulatory policies are all at the forefront of the minds of decision-makers. The team at PVDATA have found an innovative way to solve this major concern.
The PVDATA Platform is a renewable energy platform that helps measure the financial bankability and sustainability of renewable energy projects anywhere in the world. It is an ideal tool for identifying all indicative risks (both quantitative and qualitative) associated with any renewable energy project globally.
As a perfect developer tool, the PVDATA Platform was built for simplicity. Its due diligence automation engine delivers results in less than 60 seconds, providing industry-standard reports for decision-makers.
The PVDATA Platform was successfully launched in London, UK with a record number of memberships amongst UK renewable energy stakeholders (project developers, financiers and tier 1 Universities).
Author: Bryan Groenendaal