The company Singapore Power Group launched the marketplace on the basis of the blockchain for trading in certificates for renewable energy credits (RECs), according to a press release.
According to the company, the new platform “developed their own”. It allows companies to trade certificates for energy from renewable sources, including solar. The technology of distributed registry makes a deal with REC “safe, secure and monitored”.
The marketplace will support both local and international REC-documents. The latter are evidence of the allocation of a certain amount of electricity solar panels.
The new platform has already expressed interest in City Developments Limited (CDL) and DBS Bank who intend to purchase certificates. REC is planning to sell getters solar energy, Cleantech, Solar Asia and LYS Energy Solutions. Also, the platform has joined the company Katoen Natie Singapore, which is planning to launch capacities for production of renewable electricity.
Earlier, an analyst of company cryptocurrency Blockchain Node Saad Imran came to the conclusion that bitcoin mining contributes to development of innovations in the field of renewable energy.
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