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EDP Group and El Corte Inglés Ink Pact for Wind Power

Power News - Published on Fri, 13 Dec 2019

Image Source: Spain EDP El Corte Inglés
EDP Renewables and the EDP Group’s energy supplier in Spain EDP are collaborating with El Corte Inglés, Europe’s leading department store group, to instantly guarantee the renewable origin of the energy consumed at its retail establishments in Malaga, Seville and Campo de las Naciones in Madrid. The electricity will be supplied from five EDPR wind farms distributed throughout the provinces of Malaga, Seville and Cadiz, with a total installed capacity of 169.4 MW.

This project will harness the Blockchain Energy Tracking system, which involves the use of blockchain technology to carry out real-time tracking of the origin of the energy consumed. The Blockchain Energy Tracking will carry out the fiduciary role of a ‘digital notary’ at the precise moment the energy is being consumed, and will certify that the information contained in the chain is accurate. Thanks to the use of this data structure, it is impossible to amend the information obtained or modify its authenticity and integrity.

This new system will be used in parallel with, and in addition to, the traditional Guarantees of Origin issued by the National Securities Market Commission to certify the renewable origin of each megawatt per hour consumed by clients, in a process that may run for up to one year. Thanks to this innovative technology offered by the EDP Group, El Corte Inglés will now have access to updated and real-time information on its energy consumption with dual verification: live reporting via the Blockchain Energy Tracking project, and the Guarantees of Origin issued subsequently.

Guaranteeing the renewable source of all energy consumed by a shopping centre on an annual basis allows El Corte Inglés to certify a reduction in its CO2 emissions to levels that equate to the removal of around 101,794 cars from the road for one week or the effect of 15,790 trees growing over a 10-year period.

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Posted By : Arun Huidrom on Fri, 13 Dec 2019
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