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At RECIV.net we are redefining how renewable energy investments are approached. We bridge the gap between companies, investors, and RES developers, fast-tracking the move to sustainable energy.
We turned our attention to this concept after identifying clear gaps in the traditional renewable energy investment DD, complience and risk verification process. Through detailed conversations with banks, energy developers, and private investors, we highlighted two predominant challenges: Information Disarray: In the renewable sector, crucial data, whether from EPC, business development, or legal teams, often gets scattered across various platforms like emails, documents, excels and meetings. This decentralization leads to outdated or inaccessible information, causing delays and potential inaccuracies. Our KYP software is designed to counteract this. It centralizes information, ensuring that data remains current and easily accessible, eliminating the constant chase for updates. Extended, Error-Filled Process: The traditional due diligence process is not just time-consuming but also fraught with potential errors. Multiple teams working in tandem means a higher chance of oversight and miscommunication. Our solution, the KYP systems, leverages machine learning to streamline this process. It aims to reduce the time taken and minimize human errors by automating data gathering and analysis.
Our innovative KYP software emerges as a beacon of hope in the renewable energy landscape, addressing the pressing challenges of the traditional due diligence process. KYP, an acronym for "Know Your Project," aptly captures the platform's ability to provide a comprehensive and organized overview of renewable energy projects. To combat the issue of scattered information, KYP establishes a centralized data repository, neatly consolidating crucial information from EPCs, business development teams, financial legal teams,and more. This centralized approach eliminates the constant search for updates, ensuring that decision-makers have access to real-time information. Addressing the time-consuming nature of traditional due diligence, KYP harnesses the power of machine learning to streamline the process. Machine learning automates data gathering and analysis, significantly reducing the time required for due diligence and minimizing the risk of human error. Our KYP software's ability to centralize information, streamline processes, and minimize errors positions it as a transformative tool in the renewable energy sector. It has the potential to revolutionize the investment process, propelling the transition to a sustainable future powered by clean energy.
Jonathan Abraham Salem
CEO & Founder at RECIV.net
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Driven by a desire to revolutionize renewable energy...
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