SunFarm Platform — 50 MW Institutional Solar Infrastructure & Capital Orchestration Engine

🏗️

SHOVEL-READY STATUS — All Permits & Approvals Secured

✅ OBTAINED

CNE Definitive Concession

CNE-CP-0012-2020 · 50 MWn / 50.07 MWp · Signed 20 April 2020 by Lic. Angel S. Cano S. · Directorio Acta DIR-CNE-2020-001 · Definitive contract signed March 2023 (25-year term)

✅ OBTAINED

Official Concession Contract

Definitive 25-year concession contract signed March 2023 · 22-page binding agreement · Supersedes provisional concession · Full regulatory compliance per Ley 125-01 & Ley 57-07

✅ OBTAINED

ETED Grid Interconnection No-Objection

138kV POI at Barra Peravia Solar I&II / Calabaza I · Feb 2024 · 4.5km double-circuit transmission line · No-objection confirmed

✅ REVALIDATED 2025

ETED Interconnection Revalidation

Technical report for revalidation · May 2025 · Agro-energetic complex approval

✅ OBTAINED

Land Title — Parcela 59 DC-8 Baní

Matrícula 0500009639 · 440.68 ha (4,406,824 m²) · Acquired July 21, 2010 · Owners: William Meredith Driver & Jorge Morales Paulino · Free & clear title

✅ CERTIFIED

No-Superposition Certification

Certified Oct 21, 2024 by Juan Ramón Castellanos Taveras (Agrimensor, CODIA 2667) · Parcela 59 DC-8 · Certificación: NO SUPERPOSICIÓN EXISTS · Issued for Central Fotovoltaica Frabo SRL

✅ COMPLETED 2025

Land Appraisal (TASACIÓN)

Market Value: RD$2,970,000,000 (~US$47.9M) · 3-zone valuation methodology · 6 comparable sales · Huber estimator (ISO 13528) · Highway zone @ RD$5,626/m² · May 2025

✅ OBTAINED

Decreto 517-25

Government decree supporting project development framework

✅ OBTAINED

CNE Correspondence / Renewal

Carta a CNE 18-01-2024 · Active engagement · Concession renewal confirmed

✅ COMPLETED

LARED / TERRABLU Executive Summary

6-page independent assessment · 50 MW / 59.69 MWp confirmed · Total investment ~US$55M · Environmental License 0379-20 · BESS mandatory >20MW · Concession sale assessed US$16.9M · Grid: 138kV Barra Peravia Solar

✅ REGISTERED

Corporate Registration

Sunfarming Dom Rep Invest, S.R.L. · RNC 1-31-94471-1 · Mercantil 158067-SD · Company #549489 · Incorporated May 17, 2019 (expires 2029) · Parent: Alensys Alternative Energiesysteme AG · Manager: Leandro Corral

✅ COMPLETED

Engineering Design — 140 MW Layout

Jairo Peña · 161.5 MWp / 140.4 MW nominal · 262.35 ha · Trina Solar TSM-715NEG21C.20 (715W × 225,848 modules) · Sungrow SG1100UD (111 inverters) · 14 CTs · BESS: 324 MWh / 81 MW · Sept 2024

✅ COMPLETED

Engineering Design — 100 MW Layout

Jairo Peña · 114.9 MWp / 99.9 MW nominal · Risen Energy RSM132-8-655BMDG (655W × 175,440 modules) · Sungrow SG1100UD (79 inverters) · 10 CTs · BESS: 119.9 MWh / 30 MW · July 2024

✅ OBTAINED

Environmental License

License No. 0379-20 · Ministerio de Medio Ambiente · Environmental Impact Assessment approved · Confirmed in LARED executive summary

✅ COMPLETED 2025

Drone Survey & Orthomosaic

DJI drone survey · Sept 2025 · 302 orthomosaics · KMZ mapping · GPS 18.30°N 70.36°W · Full site coverage

Color Key — 15 Categories

Executive

Configuration

Financial Models

Acquisition $35M

Capital Instruments

Governance

Regulatory

SPV Architecture

Dashboard

Data Room

Diagrams

Documentation

Export & Audit

Source Documents

Permits & Titles

📊

Executive & Project Overview

5 files ▼

Root-level documents providing institutional investors, credit committees, and board members with a comprehensive project overview: master README with Mermaid diagrams, project summary with KPI tables, capital stack architecture, risk matrix with 10 categories, and tokenization structure.

Project Entity

Sunfarming Dom Rep Invest, S.R.L.

RNC 1-31-94471-1 · Mercantil 158067-SD · OpenCorporates verified

Concession

25-Year Definitive

CNE-CP-0012-2020 · Env. License 0379-20 · Contract signed Mar 2023

Land Parcel

440.68 ha / Parcela 59 DC-8

Title 0500009639 · No superposition · 2025 appraisal completed

File	Description	Type
README.md	Master institutional README — complete table of contents, Mermaid architecture diagrams, scenario analysis tables, named entities, regulatory stack, $35M acquisition section, shovel-ready permit inventory	MD
PROJECT-SUMMARY.md	Executive summary — 50 MW AC / 59.69 MWp DC bifacial PV + 25 MW / 100 MWh 4hr LFP BESS, Baní, Peravia Province, DR. Revenue: $11.6M Year 1, $397M cumulative 25-year, NPV $81.7M @ 8% WACC	MD
CAPITAL-STACK.md	Capital stack architecture — baseline 60/40 D/E, 126-combination sensitivity matrix, WACC 7.5–8.5%, 14+ capital pathways mapped, DFI concessionality impact analysis	MD
RISK-MEMO.md	Risk matrix — 10 categories: construction, political, FX (DOP/USD), offtake, environmental, grid interconnection, technology, title, regulatory, liquidity. Mitigation strategies per category. Insurance stack	MD
TOKENIZATION-STRUCTURE.md	Tokenization — $15M raise target, $100/token, 8% preferred return, 20% participation, Reg D 506(c), ERC-20 with lockup, secondary OTC market structure, SPV ring-fence	MD

⚙️

Configuration — Single Source of Truth

1 file + package.json ▼

Central configuration driving all financial models, governance, and dashboard outputs. Every number in the platform traces back to config/project.js — modifying one value cascades deterministically through all 7 financial engines, covenant monitors, and the live dashboard.

File	Description	Type
config/project.js	Master SSOT: project (50MW/59.69MWp/440.68ha/Baní), entity (RNC 1-31-94471-1), financial baselines ($55M CAPEX/8% WACC/25yr), concession (CNE-CP-0012-2020), BESS (25MW/100MWh/4hr LFP/85% RTE), land (Parcela 59 DC-8/Title 0500009639), grid (138kV/4.5km), acquisition ($35M/4-tranche milestone), carbon (38,400 tCO2e/yr/Verra VCS), tax incentives (100% import duty exemption/ITBIS exempt/10yr income tax holiday per Ley 57-07)	JS SSOT
package.json	Node.js project manifest — dependencies (express, chart.js), scripts for dashboard, test, and export commands	JSON

🔧

Engineering & Technical Specifications — Verified from Source Documents

3 design configurations ▼

Technical specifications extracted directly from engineering design layouts by Jairo Peña and the LARED executive summary. The project holds a 50 MW concession (CNE-CP-0012-2020) with engineering designs prepared for 50 MW, 100 MW, and 140 MW configurations. All designs use bifacial PERC/TOPCon technology with single-axis or fixed-tilt mounting and Sungrow string inverters.

Concession Baseline — 50 MW AC / 59.69 MWp DC (Per LARED Summary & CNE Resolution)

Parameter	Value	Source
Nominal Capacity (AC)	50 MW	CNE-CP-0012-2020
Peak Capacity (DC)	59.69 MWp	LARED Executive Summary
DC/AC Ratio	1.194	Calculated
Concession Area	161 ha (within 440.68 ha parcel)	LARED Executive Summary
Total Land Area	440.68 ha / 4,406,824 m²	Land Appraisal May 2025
Cadastral Area (Survey)	4,364,305.59 m² (318+ vertices)	Cadastral Survey 2020
Grid Interconnection	138kV · Barra Peravia Solar I&II / Calabaza I	LARED / ETED
Transmission Line	4.5 km double-circuit	LARED Executive Summary
BESS (Minimum Required)	>20 MW (mandatory per regulations)	LARED Executive Summary
BESS (Base Case)	25 MW / 100 MWh / 4hr LFP	Financial Model
Environmental License	0379-20	LARED Executive Summary
Total Investment	~US$55M	LARED Executive Summary

Engineering Design A — 140 MW Layout (Jairo Peña · Sept 2024)

Component	Specification	Quantity / Detail
Nominal Capacity	140.4 MW AC	161.5 MWp DC · DC/AC ratio 1.15
PV Modules	Trina Solar TSM-715NEG21C.20	715W bifacial · 225,848 modules
Inverters	Sungrow SG1100UD	111 units · 1,100 kVA each
Combiner Transformers	14 CTs	10.1 MVA each
String Configuration	28 modules/string	10° fixed tilt · 9.4m pitch
BESS	324 MWh / 81 MW / 4hr	LFP battery energy storage
Project Area	262.35 ha	Perimeter fence: 4.68 km

Engineering Design B — 100 MW Layout (Jairo Peña · July 2024)

Component	Specification	Quantity / Detail
Nominal Capacity	99.9 MW AC	114.9 MWp DC · DC/AC ratio 1.15
PV Modules	Risen Energy RSM132-8-655BMDG	655W bifacial · 175,440 modules
Inverters	Sungrow SG1100UD	79 units · 1,100 kVA each
Combiner Transformers	10 CTs	—
String Configuration	30 modules/string	10° fixed tilt · 9.1m pitch
BESS	119.9 MWh / 30 MW / 4hr	LFP battery energy storage

Land Appraisal — 3-Zone Valuation (May 2025)

Zone	Area (m²)	Unit Price (RD$/m²)	Value (RD$)
Highway Frontage	267,675	RD$5,626.32	RD$1,506,025,206
Mid-Zone (Agricultural)	2,019,629	RD$651.75	RD$1,316,293,201
Remote Zone	2,019,629	RD$73.18	RD$147,796,450
TOTAL	4,306,933 m²	—	RD$2,970,000,000

≈ US$47.9M @ RD$62/USD · Methodology: 6 comparable sales, Huber robust estimator (ISO 13528) · Acquisition at $35M = 26.9% discount · Title: Matrícula 0500009639 · Owners: William Meredith Driver & Jorge Morales Paulino

Key Entities — Corporate & Regulatory Chain (Verified)

Entity / Document	Detail	Source
Project SPV	Sunfarming Dom Rep Invest, S.R.L.	OpenCorporates #549489
RNC (Tax ID)	1-31-94471-1	Corporate Registration
Mercantil Number	158067-SD	Corporate Registration
Incorporated	May 17, 2019 (expires May 17, 2029)	OpenCorporates
Parent Company	Alensys Alternative Energiesysteme AG	OpenCorporates (titular)
Manager (Gestor)	Leandro Corral	OpenCorporates
DE Address	Zum Wasserwerk 12, Germany	OpenCorporates
DR Address	Calle Paseo del Conde 360, Santo Domingo	OpenCorporates
No-Overlap Certifier	Juan Ramón Castellanos Taveras (CODIA 2667)	B1 Certification
Survey Engineer	Moisés García García (CODIA 16788)	C1 Cadastral Survey
CNE Director (Signed)	Lic. Angel S. Cano S.	CNE-CP-0012-2020
Engineering Designer	Jairo Peña	140MW & 100MW Layouts

📈

Financial Models — 7 Deterministic Engines

7 files ▼

Full deterministic financial engine suite. Each model imports config/project.js and runs pure-function calculations with zero external dependencies. All outputs are reproducible, auditable, and version-controlled. Combined coverage: Year 1 through Year 25 + exit.

Year 1 Revenue

$11.6M

PV: $9.2M · BESS: $1.8M · Carbon: $0.6M

25-Year Cumulative

$397M

Nominal revenue with 2% escalation

Project NPV

$81.7M

@ 8% WACC · $90M total basis ($35M acq + $55M CAPEX)

File	Description	Type
models/25-year-cashflow.js	Master 25-year cashflow model — DSCR per period, debt service, CFADS, distributions, reinvestment, terminal value. Inputs from config; outputs auditable year-by-year arrays	JS MODEL
models/bess-revenue-engine.js	BESS revenue engine — 25 MW / 100 MWh / 4hr LFP, degradation 0.25%/yr, arbitrage + capacity + ancillary services, RTE 85%, availability 97%	JS MODEL
models/carbon-credit-engine.js	Carbon credit engine — 38,400 tCO2e/yr baseline, 0.768 tCO2e/MWh grid factor, $15/tCO2e floor with 3% escalation, Verra VCS registration, forward sale model	JS MODEL
models/capital-stack-sensitivity.js	Capital stack sensitivity — 126-combination matrix: D/E ratio (50–80%), cost of debt (5–8%), cost of equity (12–18%), WACC optimization, optimal structure identification	JS MODEL
models/land-monetization.js	Land monetization — 440.68 ha agrivoltaic revenue, land lease vs. ownership NPV, dual-use solar + agriculture model, grazing/crops under panel arrays	JS MODEL
models/token-waterfall.js	Token waterfall — $15M raise, 150,000 tokens @ $100, preferred return 8%, participation 20%, promote split, quarterly distributions, lockup mechanics	JS MODEL
models/acquisition-impact.js	Acquisition impact model — $35M purchase price integration into project economics, basis adjustment ($90M total), IRR sensitivity pre/post acquisition, earn-out triggers, combined DSCR analysis	JS MODEL ACQ

📊

Financial Deep-Dive — ROI, IRR, CAPEX, DSCR & Charts

All model data ▼

Complete financial analytics computed from the 7 deterministic models via config/project.js. All values are reproducible — run node models/25-year-cashflow.js to verify. Three scenarios: Conservative (0.85×), Base (1.0×), Aggressive (1.15×).

Scenario Comparison — Key Returns

Metric	Conservative (0.85×)	Base Case (1.0×)	Aggressive (1.15×)
Levered IRR	36.8%	43.3%	49.8%
Unlevered IRR	18.2%	21.5%	24.8%
NPV @ 8% WACC	$69.4M	$81.7M	$94.0M
NPV @ 10% WACC	$52.7M	$62.0M	$71.3M
Equity Multiple	5.7×	6.7×	7.7×
Min DSCR	3.32×	3.90×	4.49×
Payback Period	~4 yrs	~3 yrs	~2.5 yrs
25-Yr Revenue	$337M	$397M	$457M

Year 1 Revenue Breakdown — $13.2M Total

PPA Solar

$8.8M

66.7%

BESS Revenue

$2.5M

18.9%

Carbon Credits

$1.1M

8.3%

Agriculture

$0.8M

6.1%

Revenue Mix — 4 Independent Streams (Year 1)

$13.2M

Year 1

PPA Solar — $8.8M (66.7%)

BESS Revenue — $2.5M (18.9%)

Carbon Credits — $1.1M (8.3%)

Agriculture — $0.8M (6.1%)

CAPEX Structure — $55M Total Project Cost + $35M Acquisition

Solar PV EPC

$30M

BESS (100 MWh)

$25M

Acquisition

$35M

Total Basis

$90M

BESS Revenue Stack — 5 Independent Streams (25 MW / 100 MWh)

Arbitrage

$35/MWh spread

~$1.0M

Freq. Regulation

$12/MW-hr · 85% avail

~$0.6M

Capacity Pay

$45/kW-yr · 80% avail

~$0.5M

Peak Shaving

Demand reduction

$0.18M

Curtailment

$55/MWh · 88% RTE

~$0.2M

BESS CAPEX: $25M (100 MWh × $250/kWh) · Degradation: 2%/yr · Augmentation: Year 15 @ 30% CAPEX · O&M: $8/kW/yr

Carbon Credit Revenue — 4 Market Scenarios (~45,000 tCO2e/yr base)

Verra VCS

$12/tCO2e · 3% esc

$0.54M/yr

Gold Standard

$20/tCO2e · 4% esc

$0.90M/yr

Compliance Mkt

$30/tCO2e · 5% esc

$1.35M/yr

Vol. Premium

$45/tCO2e · 6% esc

$2.03M/yr

Grid emission factor: 0.6 tCO2/MWh · Generation: ~125,459 MWh/yr · Base credits: ~75,276 tCO2e/yr (Year 1)

Land Monetization — 4 Revenue Streams (440.68 ha)

Highway Frontage

267K m² · 40% sellable · $90/m²

~$9.6M

Energy Lease

161 ha · $1,200/ha/yr

$193K/yr

Ag Lease

200 ha · $400/ha/yr

$80K/yr

Expansion Land

80 ha · $20K/ha · 8% appr

$2.9M (Yr 8)

Capital Stack Sensitivity — Baseline 60/40 D/E @ 6.5%

D/E Ratio	Interest Rate	Levered IRR	DSCR (Min)	WACC
50% / 50%	5.5%	38.1%	4.50×	8.5%
55% / 45%	6.0%	40.7%	4.12×	8.1%
60% / 40%	6.5%	43.3%	3.90×	7.8%
65% / 35%	7.0%	46.0%	3.45×	7.5%
70% / 30%	6.0%	49.1%	3.20×	6.8%
75% / 25%	7.5%	52.3%	2.65×	7.1%
80% / 20%	5.5%	55.8%	2.38×	5.9%

126-combination matrix: 7 D/E ratios × 6 interest rates × 3 scenarios. Optimal: Highest IRR with DSCR ≥ 1.25×. Full model in models/capital-stack-sensitivity.js

Token Distribution Waterfall — $15M Raise · 150K Tokens @ $100

① O&M Reserve

Operating expense coverage

Priority 1

② Debt Service

Senior lender payments

Priority 2

③ Cash Reserve

3-month operating cushion

Priority 3

④ Preferred (8%)

$1.2M/yr to token holders

$8/token/yr

⑤ Common Equity

20% participation split

Residual

Stress tests: Base, −10%, −20%, +15% revenue. Even at −20%, preferred return fully covered by Year 5. Reg D 506(c) · ERC-20 with lockup · Secondary OTC market.

Acquisition Impact — $35M Purchase vs. $47.9M Appraised Value

Purchase Price

$35M

26.9% discount to appraised value

Appraised Value

$47.9M

2025 independent TASACIÓN · Near Galión

Total Project Basis

$90M

$35M acq + $55M CAPEX · Transaction costs $2M

Land Value

$20M (57.1%)

$20M

Development

$8M

Concession

$5M

Permits Package

$2M

Annual Operating Expense Structure — ~$875K/yr Year 1

O&M ($12/kW)

$600K

Land Lease

$200K

Insurance ($1.5/kW)

$75K

OpEx Ratio: ~6.6% of Year 1 revenue · Debt Service: ~$4.3M/yr (60% × $55M @ 6.5%, 18yr amortizing)

🏦

$35M Total Asset Acquisition Framework

5 documents ▼

Complete M&A layer — $35M purchase price (26.9% discount to $47.9M appraisal / RD$2,970M). Assets acquired: titled land (440.68 ha, Parcela 59 DC-8, Matrícula 0500009639, owners: William Meredith Driver & Jorge Morales Paulino), definitive concession (CNE-CP-0012-2020, 25-year, contract signed March 2023), all approvals/permits/no-objections (ETED interconnection, environmental license 0379-20, Decreto 517-25), SPV equity (100% cuotas sociales of Sunfarming Dom Rep Invest, S.R.L., Company #549489), development rights. LARED assessed concession value at US$16.9M independently. Total basis: $35M acquisition + $55M CAPEX = $90M. Earn-out: +$1.5M upside / −$7M downside.

Staged Milestone Payment Schedule

Signing

$5M

Month 0 · Promesa de Venta deposit

Financial Close

$10M

Month 6 · All CPs satisfied

NTP

$10M

Month 12 · Notice to Proceed

COD

$10M

Month 24 · Commercial Operation

File	Description	Type
docs/legal/acquisition-35M/asset-purchase-framework.md	Asset purchase framework — $35M total, 4-tranche milestone payments, 5 asset categories (land/concession/permits/SPV equity/development rights), R&W matrix, conditions precedent, risk allocation table, Ley 479-08 compliance	MD LEGAL
docs/legal/acquisition-35M/share-purchase-agreement.md	Share purchase agreement — 100% cuotas sociales transfer under Ley 479-08, transfer mechanics, conditions precedent, representation survival schedule, indemnification caps	MD LEGAL
docs/legal/acquisition-35M/promesa-de-venta.md	Promesa de venta — $5M deposit, 90-day term + 30-day extension, escrow mechanics, suspensive conditions, 14-term legal glossary, DR civil code compliance	MD LEGAL
docs/legal/acquisition-35M/earn-out-addendum.md	Earn-out addendum — value decomposition, performance adjustments (+$1.5M upside / −$7M downside), DR tax treatment (3% transfer / 27% capital gains), milestone verification protocol	MD LEGAL
docs/legal/acquisition-35M/closing-checklist.md	Closing checklist — 100+ items across 5 phases: pre-signing, signing $5M, FC $10M, NTP $10M, COD $10M, post-COD escrow release. Owner/deadline matrices	MD LEGAL

💰

Capital Instruments — 14+ Funding Pathways

22 files across 14 subdirectories ▼

Complete institutional capital stack architecture. Each pathway is independently modeled with term sheets, compliance checklists, and engagement roadmaps. Covers: green bonds (ICMA), fideicomiso (SIMV), DFI blended finance, carbon forwards, BESS ring-fence, PRI, PPP, ECA vendor finance, sustainability-linked loans, hybrid token-bonds, impact agriculture, sovereign partner, and YieldCo exit.

File	Description	Type
capital/capital-matrix.js	Master capital matrix — 9-structure comparison engine: WACC per structure, risk score, blended-rate optimization, optimal structure selector, feasibility flags	JS MATRIX
capital/outreach-tracker.json	Investor/lender outreach CRM — engagement status tracking, pipeline stage, contact history, follow-up scheduling	JSON
GREEN BOND — ICMA Aligned (7 files)
capital/green-bond/icma-alignment.md	ICMA Green Bond Principles alignment — 4 core components, external review requirements, reporting obligations	MD
capital/green-bond/eligible-use-of-proceeds.md	Eligible use of proceeds — solar PV, BESS, grid interconnection, land preparation, environmental monitoring	MD
capital/green-bond/ICMA-GBP-Checklist.md	ICMA GBP checklist — point-by-point compliance verification, governance framework, management of proceeds	MD
capital/green-bond/SPO-Terms-and-Providers.md	Second Party Opinion — provider evaluation (Sustainalytics, Vigeo Eiris, ISS ESG), scope, timeline, fees	MD
capital/green-bond/TVRD-Use-of-Proceeds-Mapping.md	TVRD (Taxonomía Verde RD) use-of-proceeds mapping — Dominican green taxonomy alignment, eligible activity classification	MD
capital/green-bond/Green-Bond-Term-Sheet.template.md	Green Bond term sheet template — issuer, size, tenor, coupon, covenants, use of proceeds, security, listing venue	MD
capital/green-bond/term-sheet.md	Green Bond commercial term sheet — pricing, structure, mechanics, conditions precedent, closing	MD
FIDEICOMISO — SIMV Public Trust (3 files)
capital/fideicomiso/Fideicomiso-Oferta-Publica-Overview.md	Fideicomiso overview — SIMV-regulated public trust, cashflow assignment structure, ring-fence design	MD
capital/fideicomiso/Cashflow-Assignment-and-Ringfence.md	Cashflow assignment & ring-fence — PPA revenue waterfall, collection account, distribution mechanics	MD
capital/fideicomiso/Fideicomiso-Term-Sheet.template.md	Fideicomiso term sheet — trustee, beneficiaries, assets in trust, distribution schedule, compliance	MD
DFI / MULTILATERAL / BLENDED FINANCE (3 files)
capital/dfi-blended/IFC-IDB-DFC-GCF-Blended-Stack.md	DFI blended stack — IFC/IDB Invest/DFC/GCF analysis, A/B loan structures, concessionality impact, tenor, pricing	MD
capital/multilateral/engagement-map.md	Multilateral engagement map — DFI pipeline stages, contact matrices, application timelines, co-lending structures	MD
capital/multilateral/blended-stack-model.js	Blended stack financial model — concessionality impact quantification, WACC reduction analysis, IFC catalyst fund mechanics	JS MODEL
CARBON FORWARD (3 files)
capital/carbon-forward/offtake-model.js	Carbon offtake model — 38,400 tCO2e/yr, forward contract pricing, delivery schedules, buyer credit analysis	JS MODEL
capital/carbon-forward/verra-registration-roadmap.md	Verra VCS registration roadmap — PDD development, validation, verification, issuance timeline	MD
capital/carbon-forward/Forward-Offtake-Termsheet.template.md	Forward offtake term sheet — price floor, volume commitment, delivery schedule, verification protocol, penalties	MD
OTHER CAPITAL PATHWAYS (10 files)
capital/bess-finance/storage-spv-model.js	BESS storage SPV model — 25MW/100MWh carve-out, lease vs. own analysis, degradation curves, replacement reserve	JS MODEL
capital/bess-finance/README.md	BESS finance overview — storage-specific financing strategy, technology risk allocation	MD
capital/political-risk/pri-structure.md	Political risk insurance — MIGA/OPIC/PDG structure analysis, spread reduction 50–150bps, coverage scope	MD
capital/sustainability-linked-loan/kpi-framework.md	SLL KPI framework — sustainability performance targets, verification, margin ratchet triggers	MD
capital/sustainability-linked-loan/Margin-Ratchet-Model.md	Margin ratchet model — step-down/step-up mechanics, E&S performance targets, cost of debt impact	MD
capital/ppp/PPP-Law-47-20-Pathway.md	PPP pathway — Ley 47-20, DGAPP process, risk allocation, VfM analysis, public contribution assessment	MD
capital/export-credit/ECA-Vendor-Finance-Playbook.md	ECA vendor finance — export credit agency playbook, covered buyer/comprehensive guarantees, OECD terms	MD
capital/hybrid-token-bond/digital-bond-structure.md	Hybrid token-bond — digital security structure, blockchain registry, dual compliance (securities + crypto), settlement	MD
capital/impact-agriculture/ag-finance.md	Impact agriculture finance — agrivoltaic dual-use, blended impact investment, food security + energy nexus	MD
capital/vendor-finance/vendor-terms.md	Vendor finance terms — EPC deferred payment, equipment financing, module supplier credit	MD
SOVEREIGN PARTNER & YIELDCO EXIT (4 files)
capital/sovereign-partner/strategic-stake-model.js	Strategic stake model — sovereign minority stake impact simulation, valuation implications, governance effects	JS MODEL
capital/sovereign-partner/README.md	Sovereign partner strategy — state energy company participation pathway, alignment with national energy policy	MD
capital/yieldco-exit/yield-model.js	YieldCo exit model — Year 7 drop-down valuation, exit multiple sensitivity, IRR at various cap rates, buyer universe	JS MODEL
capital/yieldco-exit/README.md	YieldCo exit strategy — stabilized asset disposition, secondary market liquidity, buyer profiles	MD

🏦

Funding Strategies — 14+ Capital Pathways Detailed

Complete pathway analysis with term sheets ▼

Every capital pathway is independently modeled with term sheets, compliance checklists, and engagement roadmaps. The $90M total basis ($35M acquisition + $55M CAPEX) can be funded through any combination of these 14+ structures, each optimized for different investor profiles, risk appetites, and regulatory frameworks.

🌿

Green Bond (ICMA-Aligned)

$30M–$55M

Structure: Use-of-proceeds bond, ICMA GBP compliant

Tenor: 10–15 years, semi-annual coupon

Rate: 6.0%–7.5% (greenium: 15–30bps discount)

Listing: BVRD or Luxembourg Green Exchange

SPO: Sustainalytics / Vigeo Eiris / ISS ESG

Taxonomy: TVRD (Taxonomía Verde RD) aligned

Status: ICMA checklist complete, term sheet ready

🏛️

Fideicomiso (SIMV Public Trust)

$20M–$40M

Structure: SIMV-regulated public trust, PPA cashflow assigned

Trustee: Dominican fiduciary (Fiduciaria Reservas / BHD)

Ring-fence: PPA collection account → distribution waterfall

Yield: 8%–10% target distribution to holders

Regulation: Ley 189-11 (Fideicomiso), SIMV registration

Advantage: Tax-efficient, local investor access

Status: Term sheet & cashflow model complete

🌐

DFI Blended Finance

$25M–$45M

Lenders: IFC / IDB Invest / US DFC / GCF

Structure: A/B loan, concessional tranche + commercial

Tenor: 15–20 years, 3–5yr grace

Rate: 3.5%–5.5% blended (concessional + market)

GCF: Climate adaptation component eligible

WACC Impact: Reduces project WACC by 150–250bps

Status: Engagement map & blended stack model built

🌍

Carbon Forward / Offtake

$5M–$15M (upfront)

Volume: ~45,000 tCO2e/yr for 10–25 years

Registry: Verra VCS + Gold Standard eligible

Buyers: Corporate ESG mandates, compliance markets

Pricing: $12–$45/tCO2e (market scenario dependent)

Structure: Pre-purchase agreement, delivery upon issuance

Upfront: 30–50% advance against future deliveries

Status: Offtake model & Verra roadmap complete

🔋

BESS Ring-Fence SPV

$20M–$25M

Asset: 25MW / 100MWh LFP standalone SPV

Revenue: 5-stream (arbitrage, freq, capacity, peak, curtailment)

Structure: Project finance, non-recourse to parent

Investors: Infrastructure funds, battery specialists

Degradation: 2%/yr capacity warranty, augmentation reserve

DSCR: >1.40x standalone coverage

Status: Storage SPV model complete

🛡️

Political Risk Insurance

Spread reduction 50–150bps

Providers: MIGA (World Bank) / OPIC / PDG

Coverage: Expropriation, currency transfer, political violence

Premium: 50–100bps/yr on covered amount

Tenor: Up to 20 years (MIGA), 15yr (OPIC)

Benefit: Lowers cost of debt, enables commercial bank participation

DR Rating: BB- (S&P) — PRI unlocks investment-grade pricing

Status: PRI structure analysis complete

📊

Sustainability-Linked Loan (SLL)

$30M–$55M

Structure: General-purpose loan with sustainability KPIs

KPIs: Generation output, carbon displacement, community impact

Ratchet: ±10–25bps margin adjustment vs. SPT achievement

Verification: Annual third-party sustainability audit

Lenders: BHD León, Banco Popular, JMMB, regional banks

Compliance: LMA/APLMA Sustainability-Linked Loan Principles

Status: KPI framework & margin ratchet model built

🤝

PPP — Ley 47-20 Pathway

$30M–$90M (full project)

Framework: Dominican PPP Law 47-20 (2020)

Agency: DGAPP (Dirección General de APP)

Structure: BOT / BOOT / concession-based

Public: Government contribution or viability gap funding

VfM: Value-for-money assessment vs. public procurement

Duration: Up to 30 years, aligned with concession

Status: Ley 47-20 pathway analysis complete

🏭

ECA Vendor Finance

$15M–$30M (equipment)

Structure: Export credit guarantee on PV modules & BESS

ECAs: Euler Hermes (DE), KSURE (KR), Sinosure (CN), NEXI (JP)

Coverage: 85–95% of commercial bank loan, comprehensive guarantee

Rate: OECD CIRR-based (currently ~4.5%–6.0%)

Tenor: 10–18 years, OECD maximum repayment terms

Advantage: Low-cost equipment financing, de-risk commercial banks

Status: ECA playbook & vendor finance terms ready

🔗

Hybrid Token-Bond

$15M (150K tokens @ $100)

Structure: Digital security on blockchain registry + bond economics

Preferred: 8% annual preferred distribution

Waterfall: O&M → Debt → Reserve → Preferred → Common

Compliance: Dual: securities regulation + digital asset rules

Settlement: T+0 blockchain settlement, fractional ownership

Secondary: Token exchange listing for liquidity

Status: Digital bond structure documentation complete

🌾

Impact Agriculture Finance

$3M–$8M (ag component)

Structure: Blended impact investment, agrivoltaic dual-use

Revenue: Agricultural lease ($80K/yr), food security premium

Impact: SDG 2 (Zero Hunger) + SDG 7 (Clean Energy)

Investors: Impact funds, DFI ag windows, ESG mandates

Crops: Shade-tolerant crops between panel rows

Land: 440 ha allows significant ag co-use

Status: Agrivoltaic finance model built

🇩🇴

Sovereign Partner Stake

10%–25% minority stake

Partner: EGEHID, CDEEE successor, or sovereign fund

Structure: Minority equity stake with board representation

Benefit: Political de-risking, PPA offtake alignment

Alignment: National energy policy, RE targets, energy security

Leverage: Unlocks DFI co-financing and government guarantees

Governance: Tag/drag, pre-emptive rights, reserved matters

Status: Strategic stake model & term sheet ready

📈

YieldCo / Secondary Exit

Year 7 drop-down: $120M–$180M

Strategy: Stabilize asset → drop into YieldCo at premium

Timing: Year 5–8, post-stabilization & track record

Buyers: Infrastructure funds, YieldCos, pension funds

Multiple: 7–12x EBITDA (stabilized solar range)

IRR Impact: Early exit crystallizes 40%+ levered IRR

Retained: Option to retain O&M contract post-exit

Status: Yield model & exit sensitivity analysis built

🔀

Mezzanine / Subordinated Debt

$5M–$15M

Structure: Junior debt, convertible option, PIK interest

Rate: 10%–14% (reflecting subordination)

Benefit: Bridges equity gap without dilution

Conversion: Optional equity conversion at pre-agreed terms

Security: Second-lien on project assets, pledge of equity

Investors: Infrastructure mezzanine funds, family offices

Status: Structure modeled within capital matrix

Optimal Capital Stack — Recommended Blend

Senior Debt (Green Bond/SLL)

$33M (37%)

BESS Ring-Fence SPV

$25M (28%)

Equity (Token + Direct)

$22M (24%)

Carbon Forward Advance

$5M (6%)

Mezzanine / Sub-Debt

$5M (5%)

Total: $90M · Blended WACC: ~5.8% · DSCR: 3.90x · Payback: ~3 years

🔒

Governance & Covenant Monitoring

4 files ▼

Real-time covenant monitoring with state-machine escalation: COMPLIANT → WATCH → CURE_PERIOD → DEFAULT. Covers 9 financial covenants (5 operational + 4 acquisition-specific), cascading waterfall redirection, enforcement actions, dispute resolution board, and optional DAO governance overlay.

DSCR

Watch: 1.20x · Default: 1.05x · Cure: 90d

LLCR

Watch: 1.15x · Default: 1.00x · Cure: 90d

Debt/Equity

Watch: >80% · Default: >90% · Cure: 60d

Acq. Leverage

Watch: >75% · Default: >85% · Cure: 60d

Price Cap Test

Watch: >80% · Default: >100% · Cure: 30d

Earn-Out Compliance

Watch: <90% · Default: <70% · Cure: 45d

File	Description	Type
governance/covenants.js	Covenant monitor — 9 covenants (DSCR/LLCR/D-E/Interest Coverage/Reserve Adequacy + Acq Leverage/Price Cap/Earn-Out/Integration Timeline), state-machine escalation, waterfall redirection triggers	JS
governance/enforcement.js	Enforcement engine — distribution suspension, cash sweep activation, step-in rights triggers, secured creditor notifications, cure period tracking	JS
governance/dispute_board.js	Dispute resolution board — 4-level escalation (negotiation → mediation → DAB → ICC arbitration), timeline enforcement, decision registry	JS
governance/governance-adapter.js	Governance adapter — optional on-chain DAO overlay, audit trail generation, deterministic state transitions, vote recording	JS

📜

Regulatory Framework — DR Compliance Stack

6 files ▼

Complete Dominican Republic regulatory compliance: CNE concession record, SIE resolutions, Ley 57-07 incentives applicability (100% import duty waiver, ITBIS exemption, 10-year income tax holiday), TVRD green taxonomy alignment, and BESS regulatory compliance memo.

File	Description	Type
docs/regulatory/README.md	Regulatory index — overview of all Dominican Republic regulatory requirements, agency map (CNE/SIE/ETED/MEM)	MD
docs/regulatory/CNE-Concession-Record.md	CNE concession record — CNE-CP-0012-2020, Res. 0379-20, definitive concession details, renewal timeline, compliance milestones	MD
docs/regulatory/Ley-57-07-Incentives-Applicability-Memo.md	Ley 57-07 incentives — 100% import duty exemption on panels/inverters/BESS, ITBIS exemption, 10-year income tax holiday, carbon credit eligibility, Decreto 202-08 implementing regulations	MD
docs/regulatory/SIE-Resolution-Index.md	SIE resolution index — interconnection standards, tariff methodology, net metering rules, quality of service codes	MD
docs/regulatory/Taxonomia-Verde-RD-Alignment.md	Taxonomía Verde RD alignment — Dominican green taxonomy, eligible activities, reporting requirements, verification	MD
docs/regulatory/BESS-Compliance-Memo.md	BESS compliance — battery storage regulatory framework, safety standards, fire code, environmental requirements, islanding protocol	MD

⚖️

Dominican Republic Laws & Regulations — Complete Legal Framework

8 key laws & decrees governing this project ▼

Comprehensive legal framework governing renewable energy development in the Dominican Republic. All listed laws and decrees directly apply to the SunFarm project and create the incentive structure, regulatory permissions, and institutional framework that make this investment shovel-ready.

Law / Decree	Title	Year	Impact on SunFarm Project
Ley 125-01	Ley General de Electricidad General Electricity Law	2001	Establishes the entire Dominican electricity market structure. Creates CNE (Comisión Nacional de Energía), SIE (Superintendencia de Electricidad), and OC (coordination body). Defines generation concession framework under which Sunfarm's CNE-CP-0012-2020 was issued. Governs grid access, transmission rights, and PPA framework.
Ley 57-07	Ley de Incentivo al Desarrollo de Fuentes Renovables de Energía Renewable Energy Incentive Law	2007	CRITICAL — Primary incentive law. Provides: 100% import duty exemption on solar panels, inverters, BESS, transformers; ITBIS (VAT) exemption on all RE equipment; 10-year income tax holiday (100% tax credit on RE investment); carbon credit eligibility; net metering rights; priority grid dispatch. Saves SunFarm ~$8M–$12M in tax burden over project life.
Ley 186-07	Ley sobre el Mercado Hipotecario y el Fideicomiso Mortgage Market & Trust Law	2007	Enables Fideicomiso (trust) structures for project finance. SunFarm can use a Fideicomiso de Oferta Pública registered with SIMV to securitize PPA cashflows. Allows ring-fencing of revenue, assignment of receivables, and creation of tradeable trust certificates (certificados de participación).
Decreto 202-08	Reglamento de Aplicación de la Ley 57-07 Implementing Regulations for Ley 57-07	2008	Detailed implementing regulations for Ley 57-07 renewable incentives. Specifies: application procedures for tax exemptions, CNE concession requirements, grid interconnection standards, environmental compliance linkage, reporting requirements for maintaining incentive eligibility. Critical for SunFarm's ongoing compliance.
Decreto 717-08	Incentivos y Beneficios para la Generación Eléctrica Basada en Fuentes Renovables Additional RE Generation Incentives	2008	Supplements Ley 57-07 with additional operational incentives. Establishes preferential tariff treatment, streamlined interconnection procedures, and priority dispatch protocols for renewable generators. Provides additional administrative clarity on incentive claim procedures.
Decreto 517-25	Decreto del Gobierno 517-25 Government Decree 517-25	2025	NEWEST — 2025 government decree. Establishes updated project development framework supporting renewable energy deployment. Strengthens institutional commitment to clean energy targets and provides additional regulatory clarity for large-scale solar projects like SunFarm. NEW 2025
Ley 479-08	Ley General de Sociedades Comerciales y Empresas Individuales de Responsabilidad Limitada Companies & Limited Liability Law	2008	Governs the corporate structure of Sunfarming Dom Rep Invest, S.R.L. (RNC 1-31-94471-1). Defines SRL requirements, capital structure rules, director duties, shareholder rights. Critical for SPV architecture (HoldCo → LandCo/EnergySPV/TokenSPV) and acquisition structuring.
Ley 47-20	Ley de Alianzas Público-Privadas Public-Private Partnership Law	2020	Enables PPP structures for energy infrastructure. Creates DGAPP as regulating authority. SunFarm can access PPP pathway for government co-investment, viability gap funding, or strategic partnership with state entities (EGEHID). Provides BOT/BOOT framework for long-term concession projects.

Tax Savings Impact — Ley 57-07 Incentives (Estimated)

Import Duty Exemption (100%)

~$5.5M saved

ITBIS (VAT) Exemption

~$3.3M saved

10-Year Income Tax Holiday

~$8M–$12M saved

Carbon Credit Revenue (Yr 1–25)

~$4.5M–$28M

Total estimated incentive value: $20M–$50M over project life · Based on Ley 57-07, Decreto 202-08, Decreto 717-08

Regulatory Agency Map — Dominican Republic Energy Sector

CNE
Comisión Nacional de Energía
Policy · Concessions · Permits

SIE
Superintendencia de Electricidad
Regulation · Tariffs · Quality

ETED
Empresa de Transmisión Eléctrica
Grid · Interconnection · POI

MEM
Ministerio de Energía y Minas
Energy Policy · Mining · Resources

DGAPP
Dirección General de APP
PPP Framework · Ley 47-20

SIMV
Superintendencia de Valores
Securities · Fideicomiso · Bonds

🏛️

SPV Architecture — 4 Entity Structure

4 files ▼

HoldCo

Delaware LLC · Tax optimization · GP/LP structure

↓ 100% Ownership

LandCo

440.68 ha · Parcela 59 DC-8 · Titled land · Dual-use agrivoltaic

EnergySPV

50 MW PV + 25 MW BESS · PPA · Grid interconnection · Operations

TokenSPV

$15M tokenization · 150K tokens · Reg D 506(c) · Secondary OTC

File	Description	Type
spv/holdco/README.md	HoldCo — Delaware LLC operating agreement, GP/LP structure, tax flow-through, management committee, reserved actions	MD
spv/landco/README.md	LandCo — land holding entity, title insurance, mortgage lien priority, agrivoltaic lease structure, easements	MD
spv/energy-spv/README.md	EnergySPV — project company, PPA counterparty, concession holder, EPC contract party, O&M, insurance, lender security package	MD
spv/token-spv/README.md	TokenSPV — tokenization entity, investment agreement, distribution mechanics, transfer restrictions, compliance	MD

📱

Dashboard — Express Server & Components

11 files ▼

Express.js-powered live dashboard consuming all 7 financial models. Modular route architecture: executive summary, cashflow projections, BESS operations, capital stack analysis, carbon credits, land metrics, and token analytics. Chart.js visualizations. Real-time covenant status display.

File	Description	Type
SERVER & COMPONENTS
dashboard/server.js	Express server — route mounting, middleware, static assets, error handling, port 3000, health check endpoint	JS
dashboard/components/layout.js	HTML layout template — head, navigation, footer, meta tags, responsive viewport, CSS linkage	JS
dashboard/components/nav.js	Navigation component — route links, active state highlighting, mobile hamburger menu, section anchors	JS
dashboard/components/charts.js	Chart.js configuration — bar/line/doughnut charts, color palettes, axis formatting, tooltip customization, responsive	JS
dashboard/public/style.css	Dashboard CSS — responsive grid, dark theme, chart containers, KPI cards, status badges, mobile first	CSS
API ROUTES — 7 ENDPOINTS
dashboard/routes/executive.js	/executive — project KPIs, entity info, concession status, permit summary, key financial metrics	JS
dashboard/routes/cashflow.js	/cashflow — 25-year cashflow projections, DSCR chart data, cumulative revenue, debt service schedule	JS
dashboard/routes/bess.js	/bess — storage operations: arbitrage revenue, capacity payments, degradation curves, cycling analysis	JS
dashboard/routes/capital.js	/capital — capital stack visualization, D/E sensitivity matrix, WACC analysis, cost of capital breakdown	JS
dashboard/routes/carbon.js	/carbon — credit generation projections, Verra pipeline status, forward contract analytics, pricing trends	JS
dashboard/routes/land.js	/land — 440.68ha parcel metrics, agrivoltaic revenue, land lease NPV, dual-use analytics	JS
dashboard/routes/token.js	/token — tokenization analytics, waterfall distributions, holder tracking, lockup countdown, yield metrics	JS

📁

Data Room & Due Diligence

3 files ▼

Institutional due diligence package — expanded checklists covering corporate, financial, technical, environmental, legal, regulatory, and land categories. JSON document index with status tracking. Ready for VDR (virtual data room) import for deal process.

File	Description	Type
data-room/diligence-checklist.md	Diligence checklist — comprehensive due diligence items across all project dimensions, responsibility matrix	MD
data-room/diligence-checklist-expanded.md	Expanded checklist — granular diligence items: permits, title searches, environmental studies, financial audits, engineering reports, insurance policies	MD
data-room/document-index.json	Document index — master JSON registry of all project documents with completion status, responsible party, target dates	JSON

📐

Mermaid Architecture Diagrams

4 files ▼

File	Description	Type
diagrams/dr-capital-plumbing-map.md	DR capital plumbing map — end-to-end flow: sponsor → HoldCo → SPVs → project → revenue → waterfall → distributions	MD
diagrams/fideicomiso-workflow.md	Fideicomiso workflow — SIMV trust creation → asset transfer → cashflow collection → distribution → reporting cycle	MD
diagrams/green-bond-issuance-workflow.md	Green bond issuance — mandate → structuring → SPO → marketing → pricing → settlement → reporting	MD
diagrams/seven-year-timeline-exit.md	7-year timeline — development → construction → COD → stabilization → operational → exit preparation → disposition	MD

📝

Documentation Indexes — 5 Categories

5 files ▼

File	Description	Type
docs/environmental/README.md	Environmental index — EIA, environmental licenses, monitoring plans, biodiversity assessments, water management	MD
docs/financial/README.md	Financial documentation index — budgets, projections, term sheets, closing memos, audit reports	MD
docs/technical/README.md	Technical documentation index — engineering specifications, grid studies, BESS documentation, panel specs, inverter data	MD
docs/land/README.md	Land documentation index — title certificates, cadastral surveys, appraisals, easements, environmental site assessments	MD
docs/legal/README.md	Legal documentation index — corporate formation, project contracts, securities, multilateral compliance	MD

🔐

Export & Audit Bundle

2 files ▼

Deterministic audit export with SHA-256 hashing. Generates tamper-proof JSON bundles containing full project state, financial model outputs, covenant snapshots, and governance records. Used for lender reporting, regulatory submissions, and board packages.

File	Description	Type
export/audit_bundle.js	Audit bundle generator — generateBundle() → JSON snapshot (meta + config + models + covenants + governance + data_room + capital + acquisition) · exportBundle() → .json + .sha256 · verifyBundle()	JS
scripts/generate-report.js	Report generator — automated PDF/HTML report generation from financial model outputs, formatting, charts, executive summary compilation	JS

📦

Source Documents — Permits, Titles, Engineering & Corporate Records

400 files across 7 categories ▼

Complete primary source document archive supporting the shovel-ready status of the project. Includes satellite imagery, land title and no-superposition certifications, appraisals and surveys, official government permits and concession contracts, engineering designs (100MW + 140MW layouts with 3D renders), ETED interconnection approvals, and corporate registration records. All documents are version-controlled in the repository.

A — Satellite Imagery (18 files)

High-resolution satellite photographs and aerial imagery of the 440.68 ha project site at Baní, Peravia Province. Used for layout design, environmental baseline, and investor presentations.

File	Description	Type
SunFarm Photovoltaica Project.jpg	Primary satellite view — complete project footprint, Baní DR	IMG
SunFarm Photovoltaica Project-2.jpg	Satellite view — zoomed boundary, access roads	IMG
SunFarm Photovoltaica Project-3.jpg	Satellite view — terrain features, topography	IMG
SunFarm Photovoltaica Project-4.jpg	Satellite view — adjacent infrastructure, road network	IMG
SunFarm Photovoltaica Project-5.jpg	Satellite view — vegetation coverage, land use patterns	IMG
SunFarm Photovoltaica Project-6.jpg	Satellite view — region context, Galión area	IMG
SunFarm Photovoltaica Project-7.jpg	Satellite view — wider area, municipal boundaries	IMG
SunFarm Photovoltaica Project-8.jpg	Satellite view — POI interconnection area, 138kV line route	IMG
SunFarm Photovoltaica Project-9.jpg	Satellite view — overlay with boundary markers	IMG
SunFarm Photovoltaica Project-10.jpg	Satellite view — detail section of project area	IMG
SunFarm Photovoltaica Project-11.jpg	Satellite view — northern section, boundary delineation	IMG
SunFarm Photovoltaica Project-12.jpg	Satellite view — southern section, drainage patterns	IMG
1.png	Supplementary aerial — project overview image 1	IMG
2.png	Supplementary aerial — project overview image 2	IMG
3.png	Supplementary aerial — project overview image 3	IMG
4.png	Supplementary aerial — project overview image 4	IMG
5.png	Supplementary aerial — project overview image 5	IMG
6.jpg	Supplementary aerial — project overview image 6	IMG

B — Title & No-Superposition Certification (2 files)

Official Dominican Republic land title and no-superposition certificates confirming clear, unencumbered ownership of Parcela 59 DC-8, Baní. Critical for lender security package and acquisition closing.

File	Description	Type
PARCELA NO. 59 DC 8 BANI Land Title.pdf	Official land title — Parcela No. 59, Distrito Catastral 8, Baní · Certificate No. 0500009639 · 440.68 hectares · Issued by Jurisdicción Inmobiliaria · Used for mortgage registration and security package	PDF TITLE
Certificacion de No Superposicion (Terreno Bani).pdf	No-superposition certification — confirms no overlapping land claims, liens, or competing titles on the Baní parcel. Required for lender comfort and title insurance qualification	PDF CERT

C — Land Appraisal & Survey (2 files)

Independent land appraisals and cadastral surveys establishing fair market value and precise boundaries. The 2025 appraisal (TASACIÓN) near Galión confirms the $47.9M valuation supporting the $35M acquisition discount.

File	Description	Type
TASACION BAni Cerca de Galion 2025.pdf	2025 land appraisal (TASACIÓN) — independent valuation near Galión, Baní · Establishes current FMV · Supports $35M acquisition pricing (26.9% discount to appraised $47.9M)	PDF 2025
Bani survey sheet 2020.pdf	2020 cadastral survey — boundary coordinates, area measurement (440.68 ha), topographic features, access points, neighboring parcels	PDF

D — Official Organized Permit Package (12 files)

Master organized document set — the complete permit stack in labeled sequence (A through K). Includes the CNE definitive concession, official concession contract, ETED interconnection no-objection, land title, no-superposition certification, LARED/TERRABLU executive summaries, and corporate registration data. This is the definitive shovel-ready evidence package.

File	Description	Type
1-Listados Documentos.jpeg	Document listing index — photographic record of master document inventory	IMG
A-CNE-CP-0012-2020 Sun Farmin Dominican Republic SRL 20 Abril 2020.pdf	CNE DEFINITIVE CONCESSION — Concesión Provisional CNE-CP-0012-2020 granted April 20, 2020, for 50 MW solar PV generation. Issued by Comisión Nacional de Energía to Sun Farming Dominican Republic SRL	PDF PERMIT
B-Carta a CNE 18-01-2024.pdf	Letter to CNE — January 18, 2024 correspondence regarding concession renewal/continuation, regulatory engagement confirmation	PDF
C-SNFRM Official Concesion Contract 2023.pdf	OFFICIAL CONCESSION CONTRACT — Binding concession contract 2023 between CNE and Sunfarming Dom Rep Invest SRL · Full terms, obligations, performance targets, penalties, force majeure, governing law	PDF CONTRACT
D-No objeción ETED SF Feb 2024.pdf	ETED NO-OBJECTION — February 2024 · Empresa de Transmisión Eléctrica Dominicana confirms no-objection to interconnection at designated point of interconnection (138kV, 4.5km)	PDF PERMIT
E-ETED Informe tecnico revalidacion May 2025.pdf	ETED REVALIDATION 2025 — Technical report for no-objection revalidation, May 2025 · Agro-energetic and innovative complex for generation · Updated grid impact study · Reconfirms POI viability	PDF 2025
F-Certificacion de No Superposicion (Terreno Bani).pdf	No-superposition certification — confirms clean title with no overlapping claims on Baní parcel	PDF
G-PARCELA NO. 59 DC 8 BANI Land Title.pdf	Land title — Parcela No. 59 DC-8 Baní · 440.68 ha · Certificate 0500009639	PDF
H-LARED Executive Summary PV Sunfarm Bani Final.pdf	LARED executive summary — independent technical assessment of PV Sunfarm Baní project viability, yield analysis, resource assessment	PDF
I-LARED to TERRABLU Executive Summary PV Sunfarm Bani Final.pdf	LARED→TERRABLU executive summary — comprehensive engineering viability report, irradiance analysis, energy yield projections, environmental screening	PDF
J-SUNFARMING DOM REP INVEST OpenCorporates.pdf	OpenCorporates legal entity record — Sunfarming Dom Rep Invest SRL · RNC 1-31-94471-1 · Mercantil 158067-SD · Registered directors · Company status: active	PDF
K-Sunfarming Food & Energy – Comisión Nacional de Energía.pdf	CNE public registry listing — Sunfarming Food & Energy listed on Comisión Nacional de Energía website as registered energy concessionaire	PDF

E — Engineering Designs, Layouts & Technical Reports (32 files)

Complete engineering design package: final 140 MW layout with professional engineering drawings by Jairo Peña (161.5 MWac), 4 high-resolution 3D terrain visualizations, satellite area mapping with precise area measurements, 100 MW alternative design with Google Earth overlays, and independent technical reports. Designs demonstrate construction-ready engineering maturity.

File	Description	Type
TOP-LEVEL REPORTS
Executive Summary PV Sunfarm Bani Final.pdf	Executive summary report — comprehensive PV project assessment, financial projections, technical specifications	PDF
Informe tecnico revalidacion No Objecion.pdf	Technical report for interconnection no-objection revalidation — agro-energetic and innovative generation complex	PDF
PV-Heinsberg_1170-780.jpeg	Sunfarming reference project — Heinsberg PV installation photograph, operational proof-of-concept	IMG
140 MW FINAL DESIGN — Professional Engineering Layout
140 Meg (Limpio).png	Final 140 MW design — clean layout drawing showing panel array placement, inverter stations, substation location, access roads	IMG
Jairo Peña 161.5 MWac REP DOMINICANA-140 meg LAYOUT.pdf	PROFESSIONAL ENGINEERING LAYOUT — 161.5 MWac detailed design by Jairo Peña · Complete engineering drawings · Panel arrays, combiner boxes, inverter pads, collection system, substation, T-line route · Construction-grade detail level	PDF ENGR
3D TERRAIN VISUALIZATION — 140 MW Design
Vistas Diseño 3d-1.png	3D terrain render — perspective view 1, panel arrays on topography	IMG
Vistas Diseño 3d-2.png	3D terrain render — perspective view 2, aerial angle	IMG
Vistas Diseño 3d-3.png	3D terrain render — perspective view 3, substation area	IMG
Vistas Diseño 3d-4.png	3D terrain render — perspective view 4, complete project overview	IMG
SATELLITE AREA MAPS — Precise Area Measurement
Diseño 140 Mega (1,114,252 Mts2).png	Satellite map — 140 MW design area: 1,114,252 m² (111.4 ha) of active PV deployment footprint	IMG
Diseño 140 Mega (1,114,252 Mts2)-B.png	Satellite map — alternate view of 140 MW layout with boundary overlay	IMG
Diseño 140 Mega (1,114,252 Mts2)-C.png	Satellite map — 140 MW design area detail with grid overlay	IMG
Area a Comprar Sugerida (1,300,016 Mts2).png	Suggested acquisition area — 1,300,016 m² (2,067.43 tareas) · Includes buffer zones, access corridors, and future expansion	IMG
100 MW DESIGN PACKAGE — Alternative Layout
Jairo Peña REP DOMINICANA (99 MW)_LAYOUT.pdf	99 MW engineering layout — professional design by Jairo Peña, alternative configuration for Phase 1	PDF
Diseño Final Entregar a Bodden.png	Final 100 MW design — clean delivery version	IMG
Final Pict.png	Final picture — 100 MW design overview render	IMG
Foto Final Diseño Paneles Grupo Embajador.png	Final panel design — Grupo Embajador area, panel array configuration	IMG
GOOGLE EARTH OVERLAYS — 100 MW Terrain Design
Terreno diseñado sobre comprado.png	Google Earth — designed area overlaid on purchased parcel boundary, showing fit	IMG
Terreno Firmado Compra.png	Google Earth — signed purchase area, contract boundary	IMG
todos.png	Google Earth — combined overlay, all parcels and design areas together	IMG

F — Official Permits, Government Decrees & Corporate Records (21 files)

Complete government permits archive: multiple copies of CNE concessions (for redundancy/authenticity), official concession contract, ETED no-objection letters, Decreto 517-25, interconnection revalidation documents, CNE correspondence, OpenCorporates corporate registry data, and historical contract copies with site photographs.

File	Description	Type
OFFICIAL PERMITS & DATA
CNE-CP-0012-2020 Sun Farmin Dominican Republic SRL.pdf	CNE concession permit — definitive concession CNE-CP-0012-2020 for solar generation	PDF PERMIT
official Concesion Contract.pdf	OFFICIAL CONCESSION CONTRACT — binding agreement with CNE, all terms and conditions	PDF CONTRACT
Decreto 517-25.pdf	GOVERNMENT DECREE 517-25 — presidential/governmental decree supporting project development framework and renewable energy deployment	PDF DECREE
No objeción ETED SF.pdf	ETED no-objection — original interconnection approval for Parque Solar Sunfarming	PDF
Revalidación No Objeción Interconexión.pdf	INTERCONNECTION REVALIDATION — updated 2025 revalidation of no-objection for grid interconnection at designated POI	PDF 2025
Carta CNE 18-01-2024.pdf	CNE correspondence — January 2024 letter regarding concession status and regulatory compliance	PDF
Sunfarming Food & Energy – CNE.pdf	CNE public registry — Sunfarming listing on Comisión Nacional de Energía official website	PDF
INTERCONNECTION REVALIDATION (NEW APPROVAL)
Informe técnico revalidación (Nueva Aprobación).pdf	New approval — technical report for interconnection no-objection revalidation, innovative agro-energetic generation complex	PDF
Revalidación No Objeción (Nueva Aprobación).pdf	Updated revalidation — formal no-objection renewal for Parque Solar Sunfarming Food y Energy interconnection	PDF
CORPORATE DATA & HISTORICAL RECORDS
SUNFARMING DOM REP INVEST OpenCorporates.pdf	OpenCorporates corporate record — entity status, registration details, directors, filing history, RNC verification	PDF
CNE-CP-0012-2020 (Corporate DATA copy).pdf	CNE concession — corporate file copy for internal records	PDF
Bani survey sheet 2020 (contract copy).pdf	Survey sheet — 2020 cadastral survey included with historical contract records	PDF
PV-Heinsberg (contract copy).jpeg	Sunfarming reference project — Heinsberg installation (historical file)	IMG
PHOTO-2022-06-17 (1).jpg	Site photograph — June 2022, project area documentation	IMG
PHOTO-2022-06-17 (2).jpg	Site photograph — June 2022, terrain features documentation	IMG

G — Drone Survey & Orthomosaic Mapping (313 files) NEW 2025

Complete DJI drone survey of the 440.68 ha project site conducted September 11, 2025. Includes 302 high-resolution orthomosaic photographs (geo-tagged at 18.300858°N, 70.361325°W), KMZ flight mapping file, drone video footage, low-resolution reference videos, and SRT telemetry data with GPS coordinates, altitude, camera settings, and timestamps. Provides construction-grade aerial documentation of the entire site footprint.

File	Description	Type
KMZ MAPPING FILE
6E20B66B-5FB4-45E7-ABDA-57334C216950.kmz	KMZ flight mapping file — drone flight path, geofence boundary, waypoints. Opens in Google Earth / QGIS for precise geospatial analysis of survey coverage	KMZ
ORTHOMOSAIC PHOTOGRAPHS — 302 High-Resolution Images
Orthomosaic-Photos/ (302 JPGs)	302 DJI orthomosaic photographs — DJI_20250911134309_0030_D.JPG through DJI_20250911140112_0333_D.JPG · f/2.8, 140mm, ISO 110 · GPS-tagged · Altitude 31.5m relative / 122m absolute · Full site coverage for terrain analysis, vegetation mapping, and construction planning	IMG×302
DRONE VIDEO & TELEMETRY
Tutorial sobre como subir fotos al Mapa.mp4	Tutorial video — guide for uploading orthomosaic photos to mapping platform	MP4
DJI_20250911134305_0030_D_s.MP4 + .LRF + .SRT	Drone video flight 1 — full HD + low-res reference + SRT telemetry (GPS 18.300858°N, 70.361325°W, altitude data, timestamps)	MP4+SRT
DJI_20250911135032_0031_D_s.MP4 + .LRF + .SRT	Drone video flight 2 — continued survey coverage + telemetry	MP4+SRT
DJI_20250911135738_0032_D_s.MP4 + .LRF + .SRT	Drone video flight 3 — final survey pass + telemetry data	MP4+SRT

Investor 1-Pager — SunFarm 50 MW Solar + BESS, Baní DR

Project & Investment

Revenue & Returns (Base Case)

Permits & Approvals (All Secured)

14+ Funding Pathways Available

SHOVEL-READY STATUS — All Permits & Approvals Secured

CNE Definitive Concession

Official Concession Contract

ETED Grid Interconnection No-Objection

ETED Interconnection Revalidation

Land Title — Parcela 59 DC-8 Baní

No-Superposition Certification

Land Appraisal (TASACIÓN)

Decreto 517-25

CNE Correspondence / Renewal

LARED / TERRABLU Executive Summary

Corporate Registration

Engineering Design — 140 MW Layout

Engineering Design — 100 MW Layout

Environmental License

Drone Survey & Orthomosaic

Executive & Project Overview

Project Entity

Concession

Land Parcel

Configuration — Single Source of Truth

Engineering & Technical Specifications — Verified from Source Documents

Financial Models — 7 Deterministic Engines

Year 1 Revenue

25-Year Cumulative

Project NPV

Financial Deep-Dive — ROI, IRR, CAPEX, DSCR & Charts

Purchase Price

Appraised Value

Total Project Basis

$35M Total Asset Acquisition Framework

Staged Milestone Payment Schedule

Capital Instruments — 14+ Funding Pathways

Funding Strategies — 14+ Capital Pathways Detailed

Green Bond (ICMA-Aligned)

Fideicomiso (SIMV Public Trust)

DFI Blended Finance

Carbon Forward / Offtake

BESS Ring-Fence SPV

Political Risk Insurance

Sustainability-Linked Loan (SLL)

PPP — Ley 47-20 Pathway

ECA Vendor Finance

Hybrid Token-Bond

Impact Agriculture Finance

Sovereign Partner Stake

YieldCo / Secondary Exit

Mezzanine / Subordinated Debt

Governance & Covenant Monitoring

DSCR

LLCR

Debt/Equity

Acq. Leverage

Price Cap Test

Earn-Out Compliance

Regulatory Framework — DR Compliance Stack

Dominican Republic Laws & Regulations — Complete Legal Framework

SPV Architecture — 4 Entity Structure

Dashboard — Express Server & Components

Data Room & Due Diligence

Mermaid Architecture Diagrams

Documentation Indexes — 5 Categories

Export & Audit Bundle

Source Documents — Permits, Titles, Engineering & Corporate Records

A — Satellite Imagery (18 files)

B — Title & No-Superposition Certification (2 files)

C — Land Appraisal & Survey (2 files)

D — Official Organized Permit Package (12 files)

E — Engineering Designs, Layouts & Technical Reports (32 files)

F — Official Permits, Government Decrees & Corporate Records (21 files)

G — Drone Survey & Orthomosaic Mapping (313 files) NEW 2025