Energy trading platform SunContract introduces its first NFT-powered solar panels marketplace

The Slovenian energy trading platform – SunContract – has launched the first NFT marketplace for solar panels, offering direct revenues or energy consumption from tokenized solar farms.

The project uses blockchain to democratize access to renewable energy, allowing owners to easily manage their energy assets.

According to a press release shared with CryptoPotato, the entity has introduced the first invulnerable token marketplace for real-world solar panels. Users can access those panels directly or use them for personal consumption in their homes or businesses.

SunContract demonstrated how Blockchain technology can be used to power the clean energy sector at the Crypto Expo Europe conference in Bucharest, Romania. SunContract's first tokenized solar farm is located in the Slovenian village of Visinje in a 517 kW high-capacity facility.

NFTs represent a unique panel on the farm. The initiative is supported by people who are desperate for a greener future for the planet and eager to support the development of renewable energy.

The entity explained that the first step of the activity will involve generating energy from the underlying solar panel, which will later be sold for SNC tokens in exchange for users. Those assets are automatically credited to their wallet once they are up and running and maintenance charges are deducted.

NFT holders will be allowed to use the power in countries where SunContract has licenses or permits, such as Slovenia, Estonia, Croatia and more. The move aims to democratize renewable energy and make it accessible to all.

NFTs of that type can be bought and sold at any time in the said market place. In addition, owners can manage the generated energy with their “personal energy generator” from their smartphone.

Gregor Novak, co-founder and CIO of Sun Contract, said:

“The addition of the NFT Marketplace is set to make this accessible, making our services globally accessible. The role of blockchain in our platform is not only the basis of technology; It's the gateway to expanding our community and enhancing the user experience globally,” he added.