Felicity Adobe LLP's 'co-development model' helps farmers forge 25-30 year leases with solar EPC companies to create a win-win for farmers and companies—farmers get a stable income with a hike, and companies get easy access to land
Pranav Sharma, 25
Founder, Felcity Adobe LLP
All of 25, Pranav Sharma has been busy setting up solar power projects in drought-hit parts of the country, while also building residential properties for the economically weaker sections of people in Tier II and III cities.
Landowners earn a stable income with an annual hike, and retain the right to future capital gains, while the project developer minimises upfront capital commitment and gets faster access to land.
Over the last four years, Sharma’s company has helped convert 7,000 acres of land across Karnataka on which a total of 2,000 MW has been installed, helping more than 9,000 farmers.