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description: Empowering Sustainable Purchases in Renewable Energy through NFTs
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# The Solar Introduction

The SolarWise Own The Sun AG (The SolarWise OTS) project sits at the intersection of renewable energy innovation and regenerative finance (ReFi), aiming to merge both sectors. This introduction sets the stage for understanding the critical aspects and profound impacts of the SolarWise OTS project.

#### **Addressing the Global Energy Challenge**

The world faces a pivotal moment in its quest for sustainable energy solutions. Fossil fuel dependency has triggered an urgent need for viable alternatives, with the demand for electricity continually rising. The SolarWise OTS project addresses this global issue by introducing an innovative solution that merges renewable energy with regenerative finance (ReFi) through Solar NFTs tied to Real-World Assets (RWA).

<figure><img src="https://3690015692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FbSbMtNziA3vE0LETIq0Z%2Fuploads%2FccwgwaBt3p6gB45UieWu%2FScreenshot%202024-01-11%20at%2008.53.26.png?alt=media&#x26;token=6722cf27-fc0c-43f9-a114-1519a758419a" alt=""><figcaption><p>Global electricity consumption between 1990 - 2022. <br>Source: <a href="https://yearbook.enerdata.net/electricity/electricity-domestic-consumption-data.html">https://yearbook.enerdata.net/electricity/electricity-domestic-consumption-data.html</a></p></figcaption></figure>



## The SolarWise Solution and Real-World Asset Tokenization

Embarking on a transformative journey, SolarWise OTS pioneers a shift in the renewable energy landscape through the introduction of Solar NFTs. This innovative approach addresses the need for renewable energy ownership while leveraging real-world asset tokenization, reshaping traditional financial models.

### The SolarWise Solution: Revolutionizing Renewable Energy NFTs

The SolarWise OTS transforms traditional purchasing models by offering full ownership of individual solar panels through Solar NFTs. This accessible model allows individuals to participate in renewable energy, promoting inclusivity within the sector.

Central to our solution is the capability for individuals globally to own entire solar panels through Solar NFTs, starting with our first solar farm in Brazil. Future projects will expand into Switzerland and the EU. Brazil, with one of the highest solar irradiation rates in the world, provides a unique opportunity for buyers to participate in a high-potential renewable energy project.

### Benefits of Real-World Asset Tokenization

The SolarWise OTS embraces real-world asset tokenization, enhancing liquidity by transforming physical assets into digital tokens. This process democratizes solar ownership, allowing a broader spectrum of buyers access to these assets, previously restricted by high costs or administrative barriers.

Blockchain technology ensures transparency, providing an immutable ledger that safeguards against fraud and fosters buyers trust through clear records of ownership and transaction history.

This combination of Solar NFTs and real-world asset tokenization positions SolarWise OTS as a leader in sustainable NFT ownership, offering a clear and effective way to interact with tangible assets in the digital space.

**Key Objectives and Benefits**

The SolarWise OTS project has two main objectives: democratizing access to solar energy ownership and fostering a sustainable future. By leveraging Solar NFTs, the project empowers individuals to become stakeholders in renewable energy while enabling them to partake in ownership benefits tied to energy production.

Through this whitepaper, we provide an in-depth understanding of how Solar NFTs unlock opportunities in renewable energy ownership.

**The SolarWise Promise:**

We are committed to creating a sustainable future, leveraging its presence in Brazil, Switzerland, and the EU to maximize impact. Our promise extends beyond Brazil, encompassing Swiss compliance and a dedication to global sustainability.

1. Local Job Creation
2. Community Involvement
3. Become More Sustainable
4. High Returns and Opportunity

{% tabs %}
{% tab title="Local Job Creation" %}
By establishing solar farms in Brazil and Switzerland, we create employment opportunities for local communities, supporting economic growth and sustainable livelihoods.

<figure><img src="https://3690015692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FbSbMtNziA3vE0LETIq0Z%2Fuploads%2Fta3hHHuLzypQi7QRWpX5%2Flocal%20employment.png?alt=media&#x26;token=1ee6d053-0720-432c-8d12-847d57e5c424" alt=""><figcaption></figcaption></figure>
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{% tab title="Community Involvement" %}
We empower local communities to participate in and benefit from our solar projects, fostering a sense of shared ownership and commitment to sustainable energy.
{% endtab %}

{% tab title="Become More Sustainable" %}
SolarWise OTS invites individuals and communities to participate in our journey towards sustainability. By investing in our solar farms through full ownership of solar panels via NFTs, individuals contribute to mitigating climate change and creating a sustainable future.

<figure><img src="https://3690015692-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FbSbMtNziA3vE0LETIq0Z%2Fuploads%2FQkOWf1ORXh3Vo3AkWaM7%2Fimage.png?alt=media&#x26;token=64890e29-705e-4c7b-bb29-a0ac8cf27612" alt=""><figcaption></figcaption></figure>
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{% tab title="High Returns and Opportunity" %}
Investors aren’t just supporting a greener future; they have the potential to earn substantial returns while contributing to sustainable energy solutions.\
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How does it work?

SolarNFTs generate monthly profits by selling energy, which are then shared with their owners in the form of VeChain (VET). FIAT and stablecoin payout options will be added soon.  \
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To learn more about our reward system, go to this page  [staking-rewards](blockchain/staking-rewards "mention").
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