OpenSolar is an open source interoperability network for solar fintech platforms to share data and trust through integration. Its purpose is to remove data and finance frictions and democratize securitized impact investing in solar energy products.
To the energy finance world “there is more money available than there are projects.” In part, this is due to the cumbersome legal pipeline that developers must navigate from project inception to capitalization. This leaves small and medium scale projects will little access to capital.
Financing solar projects carries a lot of solution & data integration friction. A radical roll-out of solar energy can only occur by simplifying and automatizing these processes. The large capital flows needed for this transition need to be able to reach these projects directly and efficiently.
The industry lacks a common platform and standard to seamlessly integrate a full array of applications and solutions to remove financial, legal and operational frictions in the lifecycle of a solar project.
OpenSolar is an interoperable network using decentralized identifiers (DIDs) and verifiable credentials (VCs) to share solar project data between platforms.
Platforms integrate into a common API through an integration library and adopt a common data and trust standard so that solar project offtakers
#Promotes harmonization and interoperability of climate data, for more effective prevention of double counting.
# Reduce the amount of resources and time needed to integrate with other partners in the Solar Fintech ecosystem, through a single integration into the Open Solar Network.
#Links data transparently from local level to country and international level while preserving individual data privacy.
#Promotes harmonization and interoperability of climate data, for more effective prevention of double counting.
#Allows for trusted interactions through the use of verified credentials for climate actions.
#Simplifies climate data aggregation through the integration of platforms and IoT devices.
