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Risen Energy to develop up to 300 MW of solar in Spain for cryptocurrency miner

Risen Energy Co. Ltd. plans to develop up to 300 MW of solar capacity in Spain, under an engineering, procurement and construction contract for cryptocurrency miner Cryptosolartech.

The 45-MW first phase of the project will be constructed in the province of Seville that will power farms, according to an Oct. 4 report by PV-Tech.

Funding for the solar projects will be secured against the launch and sale of cryptocurrency tokens from Cryptosolartech's farms and based on a 15-year power purchase agreement.