The Hamburg-based start-up Enyway is constructing Germany’s first, fully crowdfunded solar farm in Hecklingen, Saxony-Anhalt, the company said. The farm consists of over 4,000 solar modules on 7,000 square metres. Individual investors have been able to lease solar modules to secure a share in the green electricity generated since late 2018. Blockchain technology allows the modules to be divided up transparently and in a tamper-proof way into virtual mini packages – from the size of a pizza box. Construction of the solar array began on August 21, 2019 in co-operation with Enyway and BayWa r.e., a renewable energy provider, and should become operational in September.
Accelerating the energy transition
“We are demonstrating that the energy transition is economically viable without state subsidies. On the basis of the many buyers of the virtual solar pizzas, the energy transition can be sped up significantly beyond the politically determined corridor,” said Varena Junge, CEO and co-founder of Enyway. Energy pioneers Heiko von Tschischwitz and Andreas Riekhoff are the other members of the founding trio. Enyway has developed an online marketplace based on blockchain through which green electricity can be marketed directly by the generator. The start-up launched the product range “change” in November 2018 to finance the solar plant. The construction of large solar arrays on the basis of joint funding by private individuals, who then consume the electricity generated in their own homes, forms the core of the product range. The funding threshold was attained in April 2019.
Emissions of 1,500 tons of CO2 to be cut annually
The photovoltaic array should have a total output of 1.3 megawatts and generate almost 1.3 million kWh of unsubsidized green electricity annually. This would mean a reduction of around 1,500 tons in CO2 emissions compared with electricity generated from lignite, according to the partners.