The EcoWatt.io Green Asset Portfolio Holdings Secures USD 115M Insurance Wrap for Regulated Asset Backed Green Bond Offering
EcoWatt.io is a Blockchain Enterprise Solution to verify carbon certificates on the blockchain and make their community and enterprise partners carbon neutral as a service, backed by a growing renewable energy portfolio and reforestation projects.
The EcoWatt Green Asset Portfolio has put together a portfolio of operational and ready-to-build renewable energy projects in the solar, wind, hydrogen, and combined heat and power (CHP) space ready to back its Token offering at a ratio of 1 Watt per 1 Token.
The first projects to be onboarded in the coming weeks and months near 200 MW capacity and include solar arrays in Turkey, Romania, and Hungary as well as one CHP and two innovative hydrogen production and storage facilities to be delivered with a world-leading technology partner to be announced soon.
“The Asset Data Room put together by EcoWatt Co-Founder Paul Flynn and Project Director Dr. Rolf Schiffer is excellent and we are delighted to have arranged the insurance placement for the initial offering with an A-Rated insurance wrap up to USD 115M,” says Lloyd’s of London regulated Broker EC3 Brokers Divisional Director John Collier.
“Each 1 Token is backed by 1 Watt of renewable energy assets that have recurring revenue from government contracts that can last up to 20 years and Lloyds gives us the ability to pass on that value to our Token staking community long-term.” Adds EcoWatt Founder and CEO Thomas Puskas.
After a presale and initial exchange offering, the EcoWatt Token (EWT) is doing a twin launch on Sushiswap (Sushi.com) and Bitforex.com on October 9th priced at 1.18 USD and an estimated realized market cap of 60-70 Million USD.
EcoWatt plans to offer a fixed supply of 1 billion Tokens, backed by 1 billion Watts of green energy. After issuance, the decade’s long, recurring revenue is reinvested to grow the EcoWatt Green Asset Portfolio and add more Watts per Token, which in turn increases the impact, utility, and value of the Token.
“It is our declared goal to solve the Elon Musk challenge and make Bitcoin Mining Green.” Says Paul Flynn.
At full issuance, the EcoWatt Portfolio would generate 1.5 TWh of green electricity and avoid 750.000 tons of carbon emissions. Compared to the 98 TWh required to mine Bitcoin each year, the growth potential of this project is both meaningful and vast.
EcoWatt.io – Dublin, Paul Flynn, Managing Director
Lloyds, EC3 Brokers – London, John Collier, Divisional Director
Featured image: ecowatt.io