Definitions and terminology

  • Project: A collection of assets (such as photovoltaic panels, inverters, cabling, structure, etc.), that are installed with the purpose of generating clean energy.

  • PPA: Short for “Power Purchase Agreement”. A standardized contract in which one party purchases energy from another party for a fixed period of time at an energy price that has been previously agreed upon.

  • Grid: The electrical infrastructure needed to transport, transform, and distribute electricity within a geographic area.

  • Utility Company: A company whose purpose is to maintain and operate the infrastructure used to provide electricity to consumers within the Grid.

  • SC Projects: Short for “Self-consumption Projects”. Energy production Projects that generate electricity for the internal consumption of a company, industry, household, or other organization. The energy produced by these Projects is usually sold through a PPA.

  • SF Projects: Short for “Solar Farm Projects”. Energy production Projects meant to feed electricity directly to the Grid. Energy can be sold either through a PPA to a Utility Company or through the spot energy market.

  • Project Income: The obtained resources from the sale of the energy generated by the Projects once they have started operations, which is usually collected monthly.

  • Blockchain: A decentralized, digital ledger that records transactions across a network of computers in a secure and transparent way.

  • Tokens: Digital assets that represent a specific value built on top of an existing Blockchain technology, used for various purposes such as representing ownership, accessing a specific application or service, or a means of exchange or payment.

  • EVM: Short for “Ethereum Virtual Machine”. A virtual machine that enables execution of code in Ethereum-like Blockchain networks, serving as the runtime environment for smart contracts.

  • ERC-20: A smart contract standard on EVM-compatible blockchains where all Tokens that are issued are fungible with each other.

  • ERC-721: The most used smart contract standard on EVM-compatible Blockchains for Non-Fungible Tokens (NFTs).

  • ERC-1155: A smart contract standard on EVM-compatible Blockchains that allows the creation of several fungible and non-fungible tokens within the same contract.

  • Wallet: The interface for managing a blockchain address as well as its public and private key.

  • Currency Token: A type of Token that serves as a digital currency, meant to be used for exchanging goods and services. Its ultimate purpose is to achieve the three basic functions of money: means of payment, unit of account of any asset and store of value.

  • Stable Coin: A type of Currency Token that aims to maintain a stable value relative to a specific asset, such as a fiat currency (ex. the US dollar), a basket of currencies, or even a commodity like gold or energy.

  • Utility Tokens: A type of Token that represents the right to access a specific application or service within its issuer, similar to prepaid access, providing users with the right to use a specific service or application in the future.

  • Investment Tokens: A type of Token that represents equity or debt in a given project or business initiative, for resources provided in cash or cash equivalents, as well as the right to receive the funds provided in equity or debt to the project or business initiative, plus some interest or profits within a given period of time.

  • Watt-peak: A unit of measurement of the maximum capacity at which power can be produced in a photovoltaic system.

  • pWatt: A Utility Token that represents real Watt-peaks within the clean energy-generation assets allocated for the design, construction and installation of an specific solar energy Project (which can be either a SC Project or a SF Project) and whose purpose is to be swapped for uWatts once a Project starts its operations.

  • Reserve: The set of all clean energy generation assets represented by the pWatts that have been swapped into uWatts, along with any accumulated income that has not been yet spent in the origination of more Projects. The Reserve is the underlying asset on which the uWatts are issued.

  • uWatt: A Currency Token that constitutes a Stable Coin that represents partial ownership of the clean energy generation assets represented by the pWatts that are placed in the Reserve.

Last updated