Parasolar Company Limited

Parasolar Company Limited aims to help organization adopt renewable energy to achieve carbon neutral, sustain their business, and enhance land use.

With global warming causing rapid increase in global temperature and an annual surge of 25-40% in electricity fees, Parasolar thinks that it is time to strive for carbon neutrality in Hong Kong in a bid to combat this wider issue, Meanwhile, we also notice the way local sunset industries have been more vigorously urged to cease operation in recent years, not to mention the toll which the upcoming bills hike may further take on these businesses.

In light of this situation, our team at Parasolar – which has extensive technical knowledge and working experience in the renewable sector – has figured out the ideal solution to all these problems – Agrivoltaics. By designing and installing Agrivoltaics in Hong Kong’s farmland, we could enable simultaneous use of the land for both photovoltaic power generation and agricultural purposes; while the environment could be preserved through the generation of green energy, farmers’ businesses could also benefit from the extra source of income and the increase in their crop yield.

Research has shown that Agrivoltaics would not impair crop growth, it actually improves the yield of many crops due to the optimal spacing, temperature and humidity level provided. In fact, agricultural product appeared to be fresher under Agrivoltaics. We believe that farming and green energy can coexist and mutually benefit each other and we are thrilled to see more people adapting Agrivoltaics.