Energy-focused blockchain investment fund Solar DAO has proudly announced the dates for its two-stage ICO crowdfunding campaign. Both the Pre-ICO and ICO will raise funds which the company will invest into constructing a new solar PV plant. The preliminary ICO will take place between the 27th of July 2017 and the 31st of August 2017. It will be followed by the core ICO, scheduled to start by the end of October 2017.
Solar DAO is a closed-end investment fund built on Ethereum blockchain. The company will raise funds with the two ICO campaign and invest them globally in solar PV plant construction, with a particular focus on the Israeli, Portuguese, Kazakhstani and Ukrainian markets, over the next four years.
The project was established in 2012, and the development team has worked in the solar energy (photovoltaic) market since 1991. The team behind Solar DAO has already implemented 70 MW PV plants across Europe, developed 270 MW plants in Russia and 150 MW plants in Kazakhstan. They have also implemented four production facilities for PV cells and modules in Russia, Spain, Germany and South Africa.
Solar DAO team is currently helping its clients invest in solar PV plants across the globe through UNISOLEX, a Russian entity. The platform has attracted significant multi-million investors in different regions. These solar plants sell electricity to the central grid with special tariffs implemented for up to 25 years and continue to sell for an average market price after expiry.
The solar PV plants will be refinanced to construct new plants and subsequently increasing the total installed power capacity of plants run by Solar DAO. When the ICO finishes, major investors will be targeted to buy existing tokens from ICO participants. Solar DAO also aims to payback tokens and sell them to major investors.
Image credit: By DanielPenfield – Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=57645542