[IMPACT] Please describe your proposed solution.

Today the population of the planet is more than 6 billion people, daily we consume more resources than the planet really has, in this context, research on clean and renewable energies is currently a global trend. We know that San Juan (The land of the sun) has the longest hours of sunshine and the best solar energy production.

ADA SOLAR, a Cardano blockchain Solar Farm will combine the solar energy of San Juan with the green concept of the Cardano spirit as a basis for the solution of the problem and It offers the opportunity to participate in energy production that has traditionally only been available to large companies and aims to decentralize solar energy by creating a platform that allows anyone to participate in solar power generation and then create a large-scale solar farm in San Juan, a location with high radiation and the greatest exposure to sunlight, where efficiency levels far superior to those of small isolated developments are achieved. Significant improvements in operation and maintenance costs. Because of its economic and environmental benefits, investing in large-scale solar power is the most sustainable way to address energy shortages. We have received strong support to complete the feasibility and technical analysis in PHASE 1 (FUND 7), as well as support from the province's national power utility, ADA SOLAR will build a first 5 MW Solar Farm where solar insolation is strongest and begin a new era of decentralized power generation.

Cardano decentralizes Finance, ADA Solar decentralizes Energy.

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

Our project fits perfectly with this CHALLENGE, which is not only broader in scope but also more participatory. Cardano needs more diverse and innovative ideas and projects to form a richer ecosystem for the community to use and to promote a diverse offering of products and synthesis. Therefore, our project not only fits the concept of decentralized renewable energy, but also involves a combination of marketplace, DEFI, gaming, environmental and other innovations that fit this CHALLENGE goals and can build a useful, fun, environmentally friendly, creative and decentralized ecosystem for people to interact more with the Cardano blockchain. There is an opportunity to help further drive more adoption, feedback, growth, and even more innovation.

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

The risks that may be encountered in the project and how to mitigate them are as follows

1.Time exceeds expectation: Computer engineers encounter difficulties in the design process, resulting in a delay in the design and creation of the entire platform. To avoid this problem, we will adopt Agile software development which involves an approach to decision making in software projects, based on iterative and incremental development, where requirements and solutions evolve over time according to the need of the project. Thus the work is done through the collaboration of self-organized and multidisciplinary teams, immersed in a shared process of short-term decision making, detecting any mismatch quickly, being able to take action quickly.

2.Platform security issues: In order to avoid security issues in the platform, we have arranged two programmers to cross-compare all the platform designs to make sure of the transaction security issues, so as to avoid design dead ends and security being affected due to personal limitations or neglect. In addition, after the design is completed, we will ask independent third-party programmers to re-evaluate and test the platform after it has been designed.

3.Project implementation problem: After the platform design is completed, not many people are expected to participate in this project, so we have to strengthen the promotion of the platform and marketing to let more people know the concept of decentralization of new energy, the benefits of investing in new energy and the rewards that can be obtained afterwards to encourage more people to join our project.

4.Legal and tax issues : Although we have already obtained the initial information on the flow of funds and transfer of funds, we are still worried that the funds obtained may be restricted by the laws of some countries, which may lead to the loss of additional funds in the process, therefore, we will propose a study in LEGAL AND FINATIAL IMPLEMENTATIONS CHALLENGE (<https://cardano.ideascale.com/c/idea/417208>) to find out a complete legal and feasible funding scheme. We will also propose a study to find a complete legal and feasible funding solution to ensure that the entire project can be used safely and smoothly without subsequent legal or tax problems after obtaining the funds. We also anticipate opening an account in a country that supports cryptocurrencies to find the safest way to ensure that the funds do not affect or limit our ability to execute the project.

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

<u>DETAILED PLAN:</u>

The problem of climate change affects all regions of the world, causing melting polar ice, heat waves, droughts and extreme precipitation that will intensify in the coming decades. Damage to property and infrastructure, as well as to human health, is taking a heavy toll on society and the economy. Many poor developing countries are among the worst affected. Their inhabitants are often highly dependent on their natural environment and have the least resources to cope

with climate change. Solar energy is renewable and emission-free, and avoids future damage and environmental costs. We have divided the project into 3 phases:

Phase 1: PLATFORM FOR CARDANO SOLAR FARM is an environmentally conscious project, born and funded through Cardano Catalyst Fund 7. <https://cardano.ideascale.com/c/idea/384295/> (COMPLETED) Please check the Preliminary assessment of the photovoltaic electricity production report of 5 MW ADA SOLAR FARM in San Juan (Report in English, Spanish, Japanese and Chinese versions are attached).

Phase 2: ADA SOLAR is a platform for investing in solar photovoltaic power to democratize solar energy and drive economic, social and environmental benefits through crypto assets (ADA) or fiat currencies. Through this online platform, any individual and company in the world will be able to invest in solar PV power by acquiring a certain amount of power (1 Watt = 1 SOLAR Token).

This first solar farm using the Cardano blockchain will be built in San Juan, the land of the Sun, one of the highest solar radiation areas in the world, and will be developed in an initial phase of 5 MW with the possibility of expansion in successive expansion rounds.

Investors will receive rewards during 20 years once the solar farm starts to operate, while enjoying the following benefits:

• Transparency in investment, through Cardano Blockchain technology, linked to clean energy generation (DASHBOARD).
• Being part of the energy generation business.
• Taking action against climate change.
• Being part of the global transition to clean energy.
• Simple and convenient way to invest in fiat or ADA, backed by tangible assets that generate energy.
• Offset your carbon (CO2) footprint.

The ADA SOLAR PLATFORM is a smart network for solar energy that offers the international community the opportunity to collectively own its renewable energy, connecting blockchain technology with solar energy in a decentralized way to maximize the global wealth redistribution potential of solar energy and it is supported by:

• Cardano Blockchain: Cardano is a public, decentralized and open source blockchain platform, as well as a platform for executing smart contracts. Consensus is achieved through the PoS (Proof of Stake) algorithm that facilitates peer-to-peer transactions with its internal cryptocurrency: ADA.
• Smart Contracts: Smart Contracts act as digital agreements or guarantees between two parties. Outputs (or transactions) are only executed when the pre-required conditions (or inputs) have been met. Once the conditions are met, the transaction is executed automatically.
• SOLAR Tokens: SOLAR tokens (1 SOLAR = 1 WATT) will be the digital representation of the physical solar assets (Power generated in the solar farm) and will run natively on the Cardano Blockchain.
• Payment gateway: Allows the movement of ADA or fiat money between investors and the project

<u>The timeline and key milestones of ADA SOLAR PLATFORM are listed below</u>.

Our key milestones will be based on criteria that are specific, realistic, timely, and within budget.

Once we are funded and receive the first tranche of funding, we will set an initial and end date based on each of the following projects and their timelines, to be completed by the end of January 2023, with an external audit of the platform in February 2023, and will keep the budget under review.

• Dashboard design and development: Sep/2022 - Oct/2022
• Platform Infrastructure Design and development: Sep/2022 - Oct/ 2022
• Platform Gamification effect in 3D: Nov/2022 - Dec/2022
• Crypto and FIAT payment, security issues and other features design and development: Oct /2022- Jan/2023
• Audit the platform: Feb/2023
• Coordination of the project: Sep/2022- Feb/2023

Phase 3: February, 2024 Establishment of the first CARDANO blockchain SOLAR FARM in San Juan (LATAM) Once the ADA SOLAR platform is completed, the sale of solar tokens will begin, followed by the establishment of the first ADA Solar farm, starting with an initial capacity of 5 MW of Power Generation.

[FEASIBILITY] Please provide a detailed budget breakdown.

The creation and design of the platform (with Dashboard, Gamification effect in 3D, Crypto and FIAT payment and other features) involves the cooperation of many professionals, and requires the expertise of software designers, engineers, website design, security and maintenance specialists, external auditor and coordinators to complete, so we estimate that it will take six months.

The estimated salaries of the professionals to develop the platform are:

· 1 software specialists for Dashboard design and development

US$ 5,000/month, 2 months US$ 10,000

· 1 software specialists for Gamification effect in 3D design and development US$ 5,000 /month, 2 months US$ 10,000

· 2 software specialists for infrastructure, Crypto and FIAT payment and others features: US$ 6,000 /Engineer X 2 persons, 3 months US$ 36,000.

· 1 Software External Auditor to audit the platform and its security issues: US$ 4,000

· Project Coordinator: US$ 2,000 X 6 months US$ 12,000

· Project Assistant: US$ 1000 X 6 months US$ 6,000

Total budget US$ 78,000

[FEASIBILITY] Please provide details of the people who will work on the project.

Jose Iadicicco: Co-founder of ADA SOLAR, Stake pool operator (ADA ONE Pool), has more than 20 years of experience working with energy, Network Management Systems, technology and telecommunication, IT specialist. Scrum Master. Co-organizer of Cardano Summit 2021 and Hackathon 2022 in Buenos Aires, completed a solar power project in San Juan to power telecommunication systems in remote areas to create a seismic detection network system, and completed a feasibility and business model study for solar farm in San Juan (Fund 7). He will work on the platform design and development.

<https://www.linkedin.com/in/jose-iadicicco-17363613/>

Lic. Kehua Yang: Co-founder of ADA SOLAR, Community Manager (ADA ONE Pool), Master in Education with international business knowledge and over 5 years of experience in coordinating large scale projects. She has worked for CRRC, the world's largest rolling stock manufacturer, as a coordinator and translator for technical support projects for locomotive and train companies, as well as in wind power projects for ENVISION. Co-organized the Cardano Summit 2021 and Hackathon 2022 in Buenos Aires, completed a solar power project in San Juan to power telecommunication systems in remote areas to create a seismic detection network system, and completed a feasibility and business model study solar farm in San Juan (Fund 7). She will coordinate the entire project. <https://www.linkedin.com/in/kehua-yang-b3505439/.>

Eng. Javier Quiroga: Information Systems Engineer, graduated from Universidad Tecnológica Nacional. Software Architect. Co-founder Scanair Services focuses on drones (UAV), also develops proprietary technologies and integrations in the UAV market. He will work on the platform design and development.

<https://www.linkedin.com/in/javierquiroga/>

Leandro H. Walker: Programmer, software designer, with more than 12 years of programming experience, he will work on the Dashboard, platform design and development

<https://www.linkedin.com/in/leandro-h-walker-25347764/>

Eng. Emerson Wu. Software development engineer. Works in a small team following an agile methodology and participates in sprint planning and framework design meetings. Volunteers on the environmental camp leadership team. Will work on the Dashboard, platform design and development

Lic. Leonardo Adrián Zini. Graduated from the National University of Lomas de Zamora, with more than 20 years of experience working as a Health, Safety, Hygiene and Environment Consultant. Professional in health, environmental protection, hygiene, safety and electrical installations. He is dedicated to the implementation of Environmental Management and Health and Safety of the Company. He will assist to coordinate the project.

<https://www.linkedin.com/in/leonardo-adri%C3%A1n-zini-2864762b/>

Eng. Patricio Hernan Vera Co-founder of Externum Ingenieria S.R.L. Master of Business Administration MBA, Administration and business management, general in Universidad Tecnologica Nacional "specialist in engineering management and Mechanical Engineer. Over 10 years working in engineering design and field service in the power generation and oil and gas industries, managing high performance equipment and high efficiency facilities. "The most difficult problems are often solved by applying simple solutions. It's time to solve the most important problem we have, climate change. Solar energy can lead a simple solution that involves changing our habits and reducing our carbon footprint so that future generations can have a clean world to live in." (Phase 3). <https://www.linkedin.com/in/patricio-hernan-vera-68b817b3/>

Eng. Gabriel Conejero: Mechanical Engineer in Universidad Tecnologica Nacional with more than 10 years of experience in engineering, sales and services.

Specialist in Solar Power Generation (Phase 3).

<https://www.linkedin.com/in/gabriel-conejero-244b06b6/>

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

If we can develop more innovative ideas to help and drive the Cardano ecosystem, we will continue to create new projects because we know CARDANO needs more different innovative ideas and projects to form a richer ecosystem for the community. Allowing people to interact more with the Cardano blockchain.

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

We are going to adopt the Agile software development methodology for project tracking, where the Tracking, allows the project coordinator to create a record indicating the progress observed (% completed), as well as the evaluation, a description and a date, allows to know the status of the project.

The Tasks by type in graph shows the percentage of tasks in each status present in the project at the moment, which can be "Pending", "In progress", "Completed", and Tracking diagrams or graphs.

allow us to customize the information displayed according to our preferences.

[AUDITABILITY] What does success for this project look like?

The success of this project will be based on the following:

• Weekly project team update meetings and one-on-one follow-up meetings

• Monthly detailed reviews

• Clear and unambiguous goals to ensure all milestones can be completed

• Early identification of deliverable quality standards

• Careful planning of implementation and realistic estimated timelines

• Early risk analysis and ongoing risk management

• A competent team in implementing project management best practices

• Projects fall within budget

• All objectives are met

• A set timeline has to be met: Dashboard and platform infrastructure design and development to be completed by end of October/2022, gamification of the platform effect in 3D by end of December/2022, cryptocurrency and FIAT payments, security issues and other features design and development to be completed by end of January/2023 for on-time audit of the platform to be completed by end of February/2023

  [AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

ADA SOLAR PLATFORM (PHASE 2) is an extension of PLATFORM FOR CARDANO SOLAR FARM (PHASE 1 ) <https://cardano.ideascale.com/c/idea/384295/>. The Platform creation is the PHASE 2 of the project of the first ADA Solar Farm construction (PHASE 3).

Sustainable Development Goals (SDG) Rating

SDG goals:

End poverty in all its forms everywhere

Ensure healthy lives and promote well-being for all at all ages

Ensure access to affordable, reliable, sustainable and modern energy for all

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Reduce inequality within and among countries

Make cities and human settlements inclusive, safe, resilient and sustainable

Ensure sustainable consumption and production patterns

Take urgent action to combat climate change and its impacts

SDG subgoals:

By 2030, build the resilience of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disasters

Ensure significant mobilization of resources from a variety of sources, including through enhanced development cooperation, in order to provide adequate and predictable means for developing countries, in particular least developed countries, to implement programmes and policies to end poverty in all its dimensions

By 2030, increase substantially the share of renewable energy in the global energy mix

Key Performance Indicator (KPI):

Renewable energy share in the total final energy consumption