Renewable energy asset
Generation assets with an offtake agreement.
What this instrument is
Read off the asset template the product uses to structure one of these, not written separately for the website.
| Fungibility | fungible |
|---|---|
| Income | Produces periodic income, so a distribution cycle applies. |
| Maturity | Open-ended, with no scheduled end. |
| Physical custody | Not required; the claim is documentary. |
| Proof of reserve | Not required, as there is no specific physical backing to attest to. |
| Independent valuation | Required — there is no continuous market price to rely on. |
Token model
Derived from what the instrument is — whether it is fungible, whether it is fractionalised, whether transfers depend on the recipient, whether it accrues rather than pays, and whether units come in batches.
ERC-3643. Transfers depend on who the recipient is. ERC-3643 pairs the token with an identity registry and a compliance module, so an ineligible transfer is rejected by the contract itself rather than only by policy.
Alternatives considered
| Standard | When it is the better choice |
|---|---|
| ERC-7943 | A newer permissioned standard. Consider it where its tooling and audit coverage are sufficient for your deployment; verify support on your target chain first. |
| ERC-4626 | If the instrument is a yield-bearing vault, wrap the restricted token rather than replacing it. |
What must exist before it can be offered
Readiness is derived from what has actually been recorded against the asset. These are the requirements this class carries.
Parties
- Asset owner — required.
- Issuer — required.
- Legal counsel — required.
- Special purpose vehicle — required.
- Valuation provider — required.
- Servicer — required.
- Auditor — recommended.
- Insurer — recommended.
- Oracle provider — recommended.
- Administrator — recommended.
Documents
- Ownership evidence — required and must be current.
- Legal opinion — required and must be current.
- Offering memorandum — required and must be current.
- Subscription agreement — required and must be current.
- Investor disclosures — required and must be current.
- Contracts — required and must be current.
- Valuation — required and must be current.
- Insurance — required and must be current.
- Audit — recommended.
- Financial statements — recommended.
- Regulatory filings — recommended.
- Servicing report — recommended.
Legal structures commonly used
Presented as options for counsel to choose between, never applied automatically: Special purpose vehicle, Partnership interest, Company shares, Debt instrument.
What is distinctive about infrastructure
The shape of the claim
Decade-scale assets whose returns are usually set by a concession agreement or a regulated tariff rather than by a market. The counterparty is often a government.
Servicing burden
Long and heavy. Operations, maintenance capital, regulatory reporting and periodic tariff resets run for the life of the concession.
Principal risk
Political and regulatory. A tariff reset or a change of government can alter the return profile of an asset nobody can move.
Liquidity, realistically
Very poor over the holding period, and the holding period is measured in decades.
Structure a renewable energy asset.
Launch Studio will not let this asset reach an offering without the parties and documents listed above.