Invest in green energy with tokenized solar panels

A new way to own renewable energy is here, and it doesn’t require a rooftop or technical know-how. Italians can now invest in solar power through a blockchain-based product that allows fractional ownership of solar farms.

This innovation comes from a partnership between green energy company Enel Group and crypto wallet provider Conio, using the Algorand blockchain to make solar panel ownership accessible to everyday residents.

How it works

Instead of installing panels at home, Italians can purchase a token representing a share in Enel’s solar farms. The energy produced from these farms offsets a portion of the buyer’s electricity bill, directly linking renewable energy investment to tangible savings.

“You can live in a high-rise and still own a piece of a solar panel in a field somewhere else,” said Algorand Foundation CEO Staci Warden, emphasizing that the initiative isn’t tied to where someone lives.

Green energy made accessible

This approach opens up renewable energy ownership to more people, particularly those living in urban apartments or areas unsuitable for solar panel installations. Enel will manage the farms and distribute energy savings to fractional owners based on their investment.

Marc Vanlerberghe, Chief Marketing Officer of Algorand Foundation, announced the partnership on January 21, highlighting how the tokenization of real-world assets like solar panels can democratize access to sustainable investments.

A growing trend

This move isn’t just about Italy. The tokenization of assets, including renewable energy, is a growing global trend. Blockchain technology is increasingly being used to break down barriers in traditionally inaccessible industries, from real estate to energy.

For Italians, this project marks an important step toward cleaner energy and smarter investments. By harnessing blockchain, renewable energy isn’t just sustainable—it’s practical and profitable.

Why it matters

This innovation isn’t just about cutting bills—it’s about empowering individuals to be part of the clean energy transition, regardless of where they live or their financial situation. With tokenized solar panels, owning renewable energy has never been easier.