In the last few months, our blog and telegram channel have been brimming with announcements regarding our company’s constant expansion and other important steps taken in forging a more balanced energy market within Europe and beyond — such as the recent article on our first Type A franchise in Italy and our first Type B franchise in Andalucia, Spain, that was taken by one of our most enthusiastic followers on Telegram — Mr. Jorge Marcos.

Now, we unveil the latest addition to our ongoing European expansion: Spain. The Spanish energy market represents nothing less than a cornerstone of the European energy sector and, as such, we relish the opportunity to be a part of it and are pleased to announce that the procedure for registration is complete — Restart Energy Sociedad Limitada Unipersonal (SLU) has been established and headquartered in Madrid, as part of the growing Restart Energy family of companies.

The Spanish energy market is currently on an upswing, with the development of renewable energy being the main focus of 2018 — making this an opportune time to establish our presence within the Iberian Peninsula. In Q1 2018, renewable energy has registered an astonishing 47.1% of Spain’s total energy output — which surpassed all quarterly expectations.

By comparison, it has increased more in 2018’s first few months than in the last year, where renewables measured 33.7% of Spain’s energy. The main pillar of green energy sources for the current year is eolian, representing 26.5% of the total amount and is gradually increasing every month. Such remarkable numbers offer us a preview of Spain’s energy potential and renewable future.

In 2017, Spain added an additional 96 MW of wind farms, reaching 23.2 GW at the end of the year. In April 2018, wind generated 4,439 GWh, up by 6.3% when compared to the previous year. Furthermore, 50 million EUR in loans will be committed to financing a new project termed Goya, which will cover the construction of 9 onshore wind farms across the northeastern region of Spain, in the historical Aragón region. These factors together are a great indicator that Spain is well on its way to achieving the pledged 40% of Gross Final Energy Demand through clean energy, by the year 2020.

Spain is also considered a pioneer in terms of solar power generation — this is reflected by the multiple companies that have sought authorization for solar power projects throughout the country recently, accommodating more than 24,000 MW. Solar energy is a natural fit for a country that is drenched in sunlight — far more than most others in Europe — and as PV technology improves, so will solar adoption.

Hydroelectric has taken a back seat to nuclear recently, registering at 13.5% in Q1 of this year, yet still outpacing coal production due to a concentrated effort to reduce greenhouse gas emissions. However, the sector is constantly developing and showing great potential, especially when the data from March, this year, has shown a rise of up to 19% of total energy output — just 0.2% under nuclear — thus, a promising outlook for the near future can be predicted.

Over the past decade, energy demand outweighed production for most energy types, which has led to an exponential expansion of installed capacity within the nation — especially regarding the renewable sector of the market. Wind energy expanded from 10,000 MW to 23,000 MW, photovoltaic energy from 63 MW to 4,800 MW, and thermoelectric energy from zero to 2,300 MW. Such unexpected growth bodes well for the future of clean energy in Spain, as plans for increasing renewable energy sources are made, and perhaps within our lifetime, we could see these replace fossil fuels altogether in the country.

In conclusion, the Spanish energy market is steadily heading towards a greener future, by way of its natural affinity towards solar energy, due to a unique geographical position and by adopting a responsible outlook on energy consumption — steadily reducing greenhouse gas emissions by way of phasing out fossil fuel usage in its reactors by 2050.

About Restart Energy

Restart Energy Democracy (RED) is a blockchain-powered platform, backed by Restart Energy — a European energy provider with 20 million USD in revenues. The company was built with a vision to democratize the energy sector and quash the dominance of legacy monopolies in the energy world. The company’s credentials include a customer base of 27,000 household and 3,000 corporate clients, expanding at more than 2,000 clients per month (5,000 new customers in the first two months of 2018), and its impressive growth: 1700% from 2015 until today.

Restart Energy is developing the world’s first peer-to-peer, fully decentralized energy transfer platform allowing users to send and receive energy worldwide, based on its proprietary virtual balancing system, that uses A.I., Big Data, and IoT technologies. The RED ecosystem is comprised of the RED-Platform, RED-Franchise and RED-MWAT Tokens.

The RED-Franchise is the first power retail franchise to simplify and allow any company or entrepreneur to operate their own power utility enterprise, enabling them to start selling energy in more than 35 deregulated energy markets globally.

MWAT tokens are crypto-tokens that enable the buying and selling of up to 1 MWh of electricity per month on the RED-Platform Software and will facilitate the development of affordable clean energy, through free-market practices. Upon completion of registration on the platform, an initial loyalty bonus of 0.11 kWh is applied. Producers send out monthly loyalty bonuses through the RED Loyalty System, totaling 1–5% of traded on-grid energy in exchange for access to the RED Platform.

Importantly, it should be noted that potential franchise partners will need to own (this is not a form of payment to us) a certain number of MWAT tokens, in order to qualify for our various franchise tiers — the secret to our award-winning growth as a business!

For more information, please visit our website, our Telegram, and read the Restart Energy whitepaper. Join our announcement channel for updates regarding Restart Energy Democracy.