SunFarm Platform
Deterministic capital modeling for 50 MW solar infrastructure. $90M total basis. 7 financial engines. 14+ funding pathways. 4-entity SPV architecture. All permits secured. Construction-ready.
Executive Overview
The SunFarm Platform is a comprehensive institutional capital deployment system for a shovel-ready 50 MW AC / 59.69 MWp DC bifacial solar photovoltaic plant with 25 MW / 100 MWh lithium iron phosphate battery energy storage, located in Bani, Peravia Province, Dominican Republic. The platform encompasses 7 deterministic financial modeling engines, a 4-entity SPV architecture, 14+ independently modeled funding pathways with term sheets, a 9-covenant governance monitoring system, complete Dominican Republic regulatory compliance stack, and an Express.js live dashboard consuming all financial models in real time.
Total project basis: $90M ($35M acquisition at 26.9% discount to $47.9M appraised value + $55M CAPEX). All permits, concessions, and approvals are secured. Engineering designs are complete at 50 MW, 100 MW, and 140 MW configurations. This system demonstrates deterministic capital structuring applied to real-world energy infrastructure.
Project Specifications
Capacity
50 MW AC / 59.69 MWp DC
Storage
25 MW / 100 MWh LFP BESS
Location
Bani, Peravia Province, Dominican Republic
Land Area
440.68 hectares — Parcela 59 DC-8
Total Basis
$90M ($35M acquisition + $55M CAPEX)
Concession
CNE-CP-0012-2020 — 25-Year Definitive
Grid
138kV — Barra Peravia Solar I&II (4.5km)
Entity
Sunfarming Dom Rep Invest, S.R.L.
Year 1 Revenue — $13.2M Total
PPA Solar
$8.8M
66.7% of revenue
BESS Revenue
$2.5M
18.9% of revenue
Carbon Credits
$1.1M
8.3% of revenue
Agriculture
$0.8M
6.1% of revenue
Financial Modeling Output — 3 Scenarios
| Metric | Conservative | Base Case | Aggressive |
|---|---|---|---|
| Levered IRR | 36.8% | 43.3% | 49.8% |
| NPV @ 8% WACC | $69.4M | $81.7M | $94.0M |
| Equity Multiple | 5.7x | 6.7x | 7.7x |
| Min DSCR | 3.32x | 3.90x | 4.49x |
| Payback Period | ~4 Years | ~3 Years | ~2.5 Years |
| 25-Yr Revenue | $337M | $397M | $457M |
Deterministic Modeling Engines — 7 Systems
25-Year Cashflow Model
Master cashflow model with DSCR per period, debt service, CFADS, distributions, reinvestment, and terminal value.
BESS Revenue Engine
25 MW / 100 MWh LFP with 5-stream revenue: arbitrage, frequency regulation, capacity payments, peak shaving, curtailment recovery.
Carbon Credit Engine
~45,000 tCO2e/yr baseline. Verra VCS registration. Forward sale modeling with $12-$45/tCO2e scenario analysis.
Capital Stack Sensitivity
126-combination matrix: 7 D/E ratios, 6 interest rates, 3 scenarios. WACC optimization and optimal structure identification.
Land Monetization Model
440.68 ha agrivoltaic revenue modeling. Dual-use solar + agriculture. Highway frontage, energy lease, ag lease, expansion land.
Token Waterfall Engine
$15M raise, 150K tokens @ $100. Preferred 8%, participation 20%, quarterly distributions, lockup mechanics, stress-tested.
Acquisition Impact Model
$35M purchase price integration. Basis adjustment to $90M. IRR sensitivity pre/post acquisition. DSCR analysis with earn-out triggers.
Capital Stack — $90M Total Basis
$33M
37%
Senior Debt
$25M
28%
BESS SPV
$22M
24%
Equity (Token + Direct)
$5M
6%
Carbon Forward
$5M
5%
Mezzanine
Blended WACC: ~5.8% · DSCR: 3.90x · Payback: ~3 Years
Funding Pathways — 14+ Independently Modeled
Green Bond (ICMA)
Fideicomiso (SIMV Trust)
DFI Blended Finance
Carbon Forward
BESS Ring-Fence SPV
Political Risk Insurance
Sustainability-Linked Loan
PPP (Ley 47-20)
ECA Vendor Finance
Hybrid Token-Bond
Impact Agriculture
Sovereign Partner
YieldCo Exit (Yr 7)
Mezzanine Debt
SPV Architecture — 4 Entity Structure
HoldCo
Delaware LLC
Tax optimization, GP/LP structure, management committee
LandCo
DR Entity
440.68 ha titled land, mortgage lien priority, agrivoltaic lease
EnergySPV
DR Entity
PPA counterparty, concession holder, EPC, O&M, lender security
TokenSPV
US Entity
$15M tokenization, Reg D 506(c), distribution mechanics, compliance
Compliance & Permitting — All Secured
CNE Definitive Concession
CNE-CP-0012-2020
Official Concession Contract
25-Year Binding (Mar 2023)
ETED Grid Interconnection
138kV No-Objection (Feb 2024)
Land Title
Matricula 0500009639 — 440.68 ha
No-Superposition Cert
CODIA 2667 (Oct 2024)
Land Appraisal
RD$2,970M (~US$47.9M)
Environmental License
License 0379-20
Decreto 517-25
Government Decree
Engineering Design (140 MW)
Jairo Pena — Sept 2024
Drone Survey & Orthomosaic
302 images — Sept 2025
Governance & Covenant Monitoring
Real-time covenant monitoring with state-machine escalation: COMPLIANT, WATCH, CURE_PERIOD, DEFAULT. 9 financial covenants across 5 operational and 4 acquisition-specific dimensions. Cascading waterfall redirection, enforcement actions, dispute resolution board, and optional DAO governance overlay.
DSCR
LLCR
Debt/Equity
Acq. Leverage
Price Cap
Earn-Out
Technical Architecture
Config
Single source of truth — config/project.js drives all 7 engines
Models
7 deterministic JS engines — pure functions, zero external deps
Governance
4 state-machine modules — covenants, enforcement, disputes, DAO
Dashboard
Express.js server — 7 route endpoints, Chart.js visualizations
Data Room
Institutional diligence package — expanded checklists, JSON index
Export
SHA-256 hashed audit bundles — tamper-proof JSON snapshots
Source Document Archive — 400+ Files
18 files
Satellite Imagery
2 files
Title & Certification
2 files
Appraisal & Survey
12 files
Official Permit Package
32 files
Engineering Designs
21 files
Government Records
313 files
Drone Orthomosaic
5 categories
Documentation Indexes
Live Platform
This deployment demonstrates deterministic capital structuring applied to real-world energy infrastructure. Every model, pathway, and governance mechanism is built, tested, and version-controlled.