Construction began this Wednesday (15), in the municipality of Itaobim (MG), the first solar energy plant in Brazil with financing from transaction fees for a digital currency, EnyCoin (ENY).
According to EnergyPay, responsible for the project, this corresponds to the most ambitious photovoltaic energy venture integrated with blockchain technology in South America – as the forecast is that another 14 photovoltaic plants will be built, of 1 MW each, by 2025.
In addition to Minas Gerais, the works will initially be carried out in Bahia and Rio de Janeiro – two important hubs in the production of renewable energy in the country.
“To achieve the largest legal and international logistics structure on the market, more than R$ 20 million have already been invested in the last two years”, said Marcos Silva, CEO of EnergyPay, which helped to include Brazilian states on the International Agenda. 2030 of the United Nations Development Programme.
“I dedicated my life to UN initiatives and government agencies, preparing to change the world with an eco-entrepreneurial project like this”, he highlighted.
The plant built using digital currency is scheduled to be delivered in December 2022, in an event that will have, among the highlights, a social action with the transfer of proceeds to pay the electricity bill to charitable institutions that partner with EnergyPay.
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More about the project
Fintech emphasized that it appears as an innovative solution for generating renewable energy, through the “tokenization” of these solar plants. In practice, it works as if the cost of the works were divided into several parts, with several token buyers.
Therefore, the plants will be built in four stages, as follows: the first stage concerns the transaction fee, in which part of the percentage will be allocated to the enterprise.
In stage 2, “tokenization”, interested parties can purchase fractions of the plants; Then, there is a stage dedicated to private buyers, in which the groups will receive different proposals to make the works viable.
Finally, the last phase is focused on reinvestment in production, until the construction target of 15 MW is reached. “We want to leave a legacy in the country and show that Brazil, in addition to being a power in the solar energy segment, is an exporter of technological solutions”, stated Silva.
According to EnergyPay, in addition to allowing the spread of solar to homes, businesses and industries, with the “tokenization” of photovoltaic plants, the ENY buyer has a fraction of the company. This means that he can earn both from the appreciation of the financial asset and from the percentages from the sale of energy.
Available on the Smart Chain blockchain, the token is used through blockchain technology, whose objective is to bring security and transparency to transactions. In turn, the EnyCoin cryptocurrency is an asset that represents a renewable generation.
