Project milestones
The resources raised by selling the pWatts are locked in the smart contracts of the Unergy Protocol. The proposed milestone-based approach allows the locked funds to be disbursed to the installer company or the seller of the Project (either way we call it the Project developer) according to the installation or acquisition progress in an objective and transparent manner.
The development progress of a Project is measured according to a defined set of milestones. Every milestone that is accomplished unlocks a specific amount of funds to be transferred to the Project developer, allowing the next milestones to be completed.
Upon the completion of a milestone, the Project developer is required to submit evidence of its completion. Once the evidence is successfully verified, the funds tied to the milestone are automatically transferred to the Wallet of the Project developer.
The installation milestones have been carefully designed, encompassing several years of the design, construction, installation and operation of renewable energy Projects. They allow an installer company to perform the engineering, procurement and construction of the Project without struggling for capital, but at the same minimizing the risk for the capital providers (i.e. the pWatt holders).
Proposed milestone structure
The following is a boilerplate list of the Milestones that were designed taking into account the proper development of a Solar Energy Project. It is important to take into consideration that the specific milestones associated with a Project may be slightly different depending on the scale and complexity of the Project to be developed and/or the demonstrated experience and background of the Installer company.
If a pre-existing Project is acquired, a different set of milestones would be required, mainly technical, regulatory, and financial validations. In this scenario, the fund disbursement would be made accordingly to a payment structure defined along with the Project seller.
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