According to data from Market.US, the virtual power purchase agreement market was valued at roughly $16.7 billion in 2023.
PowerDime, an energy finance company, revealed the development of a tokenized renewable energy trading platform built on the Chintai layer-1 blockchain network. The platform is geared toward institutional investors seeking yield and renewable energy projects looking for financing options.
The platform will feature tokenized virtual power purchase agreements — fixed-price financial contracts for electricity — and provide investors with periodic cash flows. Josh Gordon, managing director at Chintai, told Cointelegraph:
Gordon also said the platform currently covers wind and solar energy, with plans to expand the renewable energy offerings in the future. The platform is available in the United States, the United Kingdom, and select parts of the Asia-Pacific region, with plans to expand to other jurisdictions over time.
