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Cryptocurrency may light up renewable energy in Moldova

Reuters 

By Zoe TabaryLONDON (Thomson Reuters Foundation) - Moldova, a small, landlocked country in eastern Europe, imports three-quarters of its energy and has seen its energy prices rise by more than half in the past five years.But that could soon change, according to the United Nations Development Programme (UNDP), which this year will launch an innovative effort to power a Moldovan university with cryptocurrency-funded solar energy. The initiative with Sun Exchange, a South African solar power marketplace, will allow people to buy solar cells using SolarCoin, a cryptocurrency launched by ...

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First Published: Fri, May 18 2018. 16:12 IST
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