Risen Energy will develop up to 300MW of PV capacity in Spain for a cryptocurrency miner.
Cryptosolartech is building two energy-intensive cryptocurrency farms in Malaga. The firm aims to power each of its mining facilities with renewable power to negate an increasing criticism of cryptocurrencies, their carbon footprint.
The first phase will see two farms in the province of Seville powered by three PV plants totalling 45MW.
Risen Energy Spain will develop and take on engineering, procurement and construction (EPC) responsibilities for the projects.
Funding for the project is secured against the launch and sale of the cryptocurrency tokens from the farms and based on a 15-year power purchase agreement (PPA).
According to the company: “Cryptosolartech is an ERC-20 utility token working within Ethereum in the Blockchain, that can be exchanged in multiple ways.”
Connecting finance and development to secure $45 billion worth of solar and storage opportunities in Asia. Contact Chris Hugall for sponsorship and exhibitor options.
The Intersolar organizers have teamed up with SolarPower Europe and Spanish Solar Association, UNEF, to shed light on Europe's new solar boom market – Spain. Intersolar Summit Spain takes place in Barcelona on June 18, 2019. We are going to discuss the PV market development in Spain, the chances and opportunities of the announced grid parity, corporate sourcing models, regulation and policy issues. The event will bring together the key stakeholders in this market, which is being driven by auctions and increasingly by subsidy-free corporate sourcing of solar power.