Perpetual Energy upgrades to Antminer S17e, and adds new Solar Plant

Perpetual Energy upgrades its equipment to Antminer S17e

Bitmain, one of the leading manufacturer of Bitcoin mining rigs, has recently launched Antminer S17e. We are pleased to announce, that Perpetual Energy is acquiring more than a thousand units in order to improve the mining capacity of the alternative investment of the company. 

Model Antminer S17e (64Th) uses SHA-256 algorithm with a maximum hashrate of 64Th/s for a power consumption of 2880W. The upgrade will enable PEC to meet rising demand for Perpetual Packages in cryptocurrency. The order will come in batches which will be completed by mid-2020.

According to the company’s CEO, Daan Fisher, “We have allocated $50million in upgrading our equipment to remain competitive in the crypto industry. We already have the advantage of renewable energy plants.” The company is allocating 10% of its total energy generation in its crypto investments. “We’re expecting an additional $100million for crypto mining in the next 3 quarters.”

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Perpetual Energy to install a 50-MW plant with bi-facial technology

The Peruvian company has closed the financing of its solar plant for $35million. With an installed capacity of more than 50-MW, with the use of bifacial technology panels. 

This new solar project, whose estimated total investment will be $35million dollars, will have a total installed capacity of 503 MW and an estimated production of 150 GWh, and will be the largest developed by Perpetual Energy solar division to date, estimating annual revenues recurring of more than $7million dollars, with a margin of over 80%. It will be located in Tucna, with a solar resource that will provide about 1,500 net hours of solar radiation per year.

For its construction, which has already begun and is expected to be connected in the third quarter of 2020, the company will use bifacial photovoltaic modules and expects to increase its production by up to an additional 15%.

The Tucna community will be favored, not only with employment during the construction of the project, but also with electricity and public lighting, as well as investments in different social works with a positive impact on local communities.

Tucna is one of the strategic markets of the Peruvian company, which owns there a portfolio of more than 2 GW in different stages of development, and, it has more than 25 photovoltaic plants connected to the grid to date.

In addition, just a few weeks ago the company has strengthened its position in Latin America with the opening of an BPO centers from where it will direct its business in Latin America.

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This article was published on 21.11.2019 by Pepetual Energy HR
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