April 13 (Renewables Now) – Greek industrial group Mytilineos SA (FRA:MYH) said on Monday it will be selling most of the output from a 22-MW solar park in New South Wales, Australia, to local energy retailer QEnergy.
The duo has signed a blockchain power purchase agreement (PPA) that will see QEnergy get electricity from the 22-MW expansion of the Wagga North photovoltaic (PV) park for 10 years.
The off-take contract was struck through the WePower blockchain-based renewable energy procurement and trading platform, which facilitates “smart contracts” based on the Etherium cryptocurrency. It will enable construction of the solar plant to begin this year.
The Wagga North expansion is set to produce enough electricity to supply around 5,000 homes once completed.
According to the statement, Mytilineos and QEnergy intend to expand their partnership in the future “meeting the energy market demands for standardized, streamlined and low-cost blockchain-based energy trading mechanisms”, they said.
Through its subsidiary Metka EGN, Mytilineos acquired the 30-MW Wagga Wagga project from Terrain Solar in 2019.
