Last month, the Australian arm of Suntech Power completed the construction of the 9.5MW Robinvale Solar Farm in Victoria, according to Renew Economy report. The electricity generated by this farm will leverage the blockchain platform from WePower.
Solar retailer Mojo Power bought the electricity under a long-term power purchase agreement (PPA). In turn, Mojo Power will use the WePower platform for secondary market trading.
WePower essentially breaks down the primary PPA of Mojo Power into smaller tokenized pieces, with blockchain tracking the generation of electricity.
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