Renewables
Loans to small and mid-market renewable projects, against transferable ITC/PTC tax credits and project cashflows, for borrowers underserved by community banks and capital markets.
Receivable-backed · lending against assigned claims
How the claim is held
- The claim
- Security interests in transferable federal tax credits and/or project assets and their cashflows.
- Duration
- Medium to long, spanning construction and operation.
- Default remedy
- Foreclose on assigned credits and project security; project-level assets provide an asset-backed remedy path unlike the purely receivable-backed sectors.
What can go wrong
Construction & completion
Credits and cashflows depend on the project reaching completion and qualification.
Policy timing
Transferability rules and deadlines shape credit value and eligibility windows.
Offtake & production
Operating cashflows vary with production and counterparty performance.
Live sector parameters (LTV cap, maturity and concentration headroom) are enforced on-chain by the CollateralRegistry and are not restated here, so this page cannot drift from them. Interest rates and payment terms are signed per facility. On mainnet every new loan must fit within per-borrower, per-state and per-sector limits. Read current state →