Jalan Sukses: WINDHAN : Blockchain-Based Renewable Energy Project

Blockchain is often presented as an almost magical tool for solving many of the world’s problems, but for many this technology remains confusing and mysterious. The recent explosive growth and the sudden fall of Bitcoin have drawn a lot of attention and put a new focus on the topic.

There are numerous blockchains today, Bitcoin being the first. While the Bitcoin blockchain’s only application is cryptocurrency, recent developments are allowing blockchain to be applied in many new areas, including energy.

Windhan, a Blockchain-based renewable energy Crowdfunding and trading platform, on a pilot program which will create a more meritocratic next generation of renewable energy assets. It brings together green energy producers and consumers to sell and buy renewable energy without overpaying to corporations, suppliers and other intermediaries. It is a platform to combine energy developers, investors, and consumers through a global and decentralized network that allows energy assets to be funded and launched.

The large-scale pilot program aims to solve the problems associated with increasing pollution levels of carbon dioxide (CO2) in the atmosphere, the reliant of non-renewable energy, and the difficulties of Green Energy Developers to raise funding for their project, especially if they come from less developed financial markets.

Based in Estonia, Windhan goal is to build "Windhan Park", a 108 MW Flagship Wind Farm project, in Kazakhstan. The plan is to give the community asset backed projects combined with a renewable energy platform on the blockchain and enable them to finance and trade tokenized energy. In order to actually finance and trade tokenized energy one will need to obtain Windhan tokens (WHN).

Windhan allows viable renewable energy projects to be listed on the platform while conforming to restrictions imposed by applicable laws. The platform is equipped with all the tools to assist developers in raising money by soliciting small investments from a large number of people. It acts as a mediator through which investors, as well as customers, connect with developers. This inclusive approach will alleviate the need for large financial institutions, thereby expediting the funding process.

Once the platform is funded, asset-backed tokens will be minted to represent each investor’s contribution. The revenue generated from “Projects” is distributed to investors in the form of energy credits (called Project tokens). Investors will be able to use Windhan’s application to pay their electricity bill with WHN tokens - regardless of their utility company or location.

Windhan believes that blockchain technology can be instrumental in standardizing energy contracts for flexibility in power purchase agreements. Blockchain also provides a layer of transparency that is currently lacking in energy trade accounting. The cryptocurrency market that blockchain enables also provides a simplified solution to crowdfund renewable energy projects by developers.

Windhan’s WHN token is a utility token that holders can use to get priority access to auctions of renewable energy generation facility projects on the Windhan platform. The holders of WHN token can buy energy less than or equal to the value of the WHN tokens they hold before such projects can be sold to the public.

WHN is implemented on the public Ethereum blockchain as an ERC-20 compliant token. The total token supply is 250M tokens. The initial price is 1 Euro per token. In total, Windhan Energy developers intend to collect in the course of public sales of 250M Euros.