Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > FEATURE-In Ecuador’s Amazon, solar panels bring ‘fire canoe’ dream to life
    Top Stories

    FEATURE-In Ecuador’s Amazon, solar panels bring ‘fire canoe’ dream to life

    FEATURE-In Ecuador’s Amazon, solar panels bring ‘fire canoe’ dream to life

    Published by Jessica Weisman-Pitts

    Posted on June 27, 2022

    Featured image for article about Top Stories

    By Melissa Godin

    TENA, Ecuador, June 27 (Thomson Reuters Foundation) – Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them move swiftly along the region’s winding rivers, to more easily reach other distant Achuar communities in the largely roadless jungle.

    Now, the arrival of solar-powered boats is turning an old myth into a modern reality.

    Three solar boats – an Achuar design topped with protective roofs covered in solar panels – now ply a 67-kilometre (40-mile) stretch the Pastaza and Capahurari rivers in Achuar territory, connecting nine indigenous communities.

    The craft have allowed communities without previous access to motorized boats to travel more swiftly, and others that had been using diesel engines to cut costs, move quietly and better protect their waterways from pollution.

    “The solar-paneled canoes have been a huge help in connectivity, especially for the most (economically) vulnerable families,” said Oscar Mukucham, 22, who saw a first pilot solar canoe as a teenager and now is employed building them for Kara Solar, the manufacturer.

    “We have this dream as Achuar people to conserve our waterways,” he added. “The boats are a huge connective force in our lives.”

    Oliver Utne, the founder of Kara Solar, a solar-powered river transport, energy and community enterprise in the Amazon, said the idea for the solar craft emerged about a decade ago.

    “We initially started talking about solar-paneled boats as a joke,” he said. “We just thought it would be too technically challenging.”

    But when Utne, an American, traveled home to the United States in 2013, he met with professors at the Massachusetts Institute of Technology (MIT) who carried out a feasibility study.

    They said that with the right batteries the canoes could work.

    Today the boats, which carry up to 20 people and cost $30,000 to $40,000 each to build, use roof solar panels to collect power, which is stored in a battery.

    A fully loaded craft can travel at speeds of 15-20 kilometers per hour (9-12 miles per hour) for 60-100 km (37-60 miles) on a full battery charge, Utne said.

    Funding to provide the riverboats free of charge to indigenous communities has come from U.S.-based philanthropies focused on tech, sustainability and indigenous land protection.

    The boats, built by indigenous people in collaboration with Kara Solar, have allowed the communities to move critical supplies and access services over a wider area.

    With a swifter and cost-free way to travel, Achuar groups can also afford to travel more for pleasure, Mukucham said.

    The Sharamentsa and Napurak communities, for instance, have started hosting inter-communal sport games that were previously not possible because of high fuel costs for boat motors.

    The solar boats also have allowed indigenous communities to more easily, frequently and inexpensively patrol their land for invasions by illegal loggers.

    In the early days of the COVID-19 pandemic, the provincial government built a new road into Achuar territory, spurring a “balsa boom” as outsiders arrived to cut balsa trees, whose wood is used in the manufacture of wind turbines.

    The Sharamentsa Achuar have used their solar-powered canoes to monitor their stands of balsa and identify those illegally harvesting wood, Utne said.

    That is key as Ecuador’s Amazon region faces worsening deforestation pressures as a result of expansion of mining, oil drilling and logging, and as indigenous communities step up efforts to protect their land.

    Since the turn of the century, Ecuador has lost about 900,000 hectares of tree cover, a 4.7% decline, according to Global Forest Watch – the equivalent of 1.6 million football pitches.

    FROM MYTH TO MANUFACTURING

    The introduction of solar canoes in Achuar territory has been particularly apt as it marries traditional culture and modern technology, backers say.

    In the Achuar worldview, dreams shape people’s vision of the world and inform how they should behave in the future – and Achuar tales passed down from ancestors have long spoken of a future with “fire canoes” or “electric fish” as transport.

    When solar canoes were first discussed, “it was clear that something in the Achuar myths was seen as connected to this project,” Utne said. “People would say, ‘Oh yes, I’ve seen this in a dream.’”

    His firm’s name – Kara Solar – comes from the Achuar term for “a dream that is coming true”.

    Utne’s firm hopes see its solar canoes eventually used in broader areas of the Amazon, a region where river transport is far more common than road travel.

    The company has philanthropy-backed projects under development in nearby Brazil, Suriname, French Guiana and Peru, and as far away as the Pacific’s Solomon Islands, in each case with indigenous groups sharing designs and technology, Utne said.

    “It is about indigenous-to-indigenous training,” said Mukucham, who helps build the Achuar canoes. “Our dream is to spread this and strengthen this capacity within other communities.”

    Utne said he’s aware that manufacturing solar panels requires mining rare metals – something that can be a threat to indigenous forests.

    But “for us the question is, ‘If these resources are going to be mined, how should we put them to use?’” he said. “We think a solar-paneled boat transporting people along the river of their territory is as good a use as there can be.”

    (Reporting by Melissa Godin ; editing by Laurie Goering : (Please credit the Thomson Reuters Foundation, the charitable arm of Thomson Reuters. Visit http://news.trust.org/climate)

    ((laurie.goering@thomsonreuters.com; +44 207 542 8067 ;))

    Content provided by Thomson Reuters Foundation, via Reuters Connect

    Related Posts
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference
    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Top Stories PostSri Lanka stops fuel supply to non-essential services as crisis worsens
    Next Top Stories PostAngry and left behind: rural voters back French far-right in challenge for Macron

    More from Top Stories

    Explore more articles in the Top Stories category

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    A Gateway for U.S. Capital: Inside Kazakhstan’s Expanding Financial Hub

    A Gateway for U.S. Capital: Inside Kazakhstan’s Expanding Financial Hub

    View All Top Stories Posts