TESTNET BUILD — no mainnet deployment, no real value. Nothing on this site is an offer or a live financial product.

Collateral class

Renewable energy

Small and mid-market renewable projects — lending against transferable ITC/PTC tax credits and project cashflows, for borrowers underserved by community banks and capital markets.

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 pure receivable classes.

Risk stack

  • 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 class parameters (LTV cap, maturity and concentration headroom) are enforced on-chain by the CollateralRegistry. Interest rates and payment terms are signed per facility; clean v1 has no DSRA reserve sizing.