Singapore utility SP Group has launched a blockchain-backed marketplace for the matching and trading of renewable energy certificates (REC). The platform will allow users to buy or sell REC certificates, which are issued by utilities in various countries around the world. Cleantech Solar Asia and LYS Energy Solutions have also signed deals to place their assets on the trading platform, which is open to local and international players of any size.
Singapore utility SP Group has launched a blockchain-backed marketplace for the matching and trading of renewable energy certificates (REC). Early buyers include City Developments and DBS Bank, while Katoen Natie Singapore is among the early sellers. Cleantech Solar Asia and LYS Energy Solutions have also signed deals to place their assets on the trading platform, which is open to local and international players of any size.