In a significant milestone for both renewable energy and digital finance, Serbia’s Securities Commission approved the country’s first solar power plant tokenization project in late October. The sale of AVR Solar tokens, issued by AVR Solar Park, officially commenced last week.
AVR Solar Park has been authorized to issue a total of 7,250 digital tokens, each priced at 100 euros. The funds raised through this innovative token sale will be used to expand the existing Saraorci solar power plant, including the purchase of additional solar panels and related equipment. The expansion aims to boost the plant’s annual electricity output from 15.1 GWh to 16.8 GWh.
This tokenization project is a pioneering move for Serbia, combining the growing fields of renewable energy and blockchain technology. The Securities Commission described it as a major step forward for the country, allowing investors to participate in the solar energy sector while using modern financial instruments. As part of the process, detailed information about the project, including its potential risks, is available through a White Paper, ensuring that investors can make informed decisions.
The AVR Solar tokens became available for purchase on November 22, 2024. The Initial Coin Offering (ICO) will run for 90 days, concluding on February 19, 2025, or once all tokens are sold, whichever comes first.
Investors in the project will receive an interest rate of 6% on the unpaid principal, which will be payable either quarterly or semi-annually, based on their preference. Principal repayments will begin after the first year, with 10% of the principal repaid annually over the course of 10 years, offering a stable and predictable return on investment.
Each token costs 100 euros, with a minimum investment requirement of 3,000 euros (or 30 tokens). The funds raised from the token sale will directly support the expansion of the Saraorci solar power plant, contributing to Serbia’s renewable energy goals while providing investors with an opportunity to earn from the growing green energy sector.
This initiative marks an innovative step towards integrating green energy with blockchain and tokenization, opening new pathways for both financing and investing in renewable energy projects.
