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Renewable energy financing

Renewable energy is moving faster than the money behind it. Projective is building the capital stack to catch up.

Finance a project Invest in a pool

01Projective OS

Meet Projective OS.

One place for every deal. Builders upload their project documents, Projective reviews them against our underwriting standards, and a deal that clears reaches terms in 15 to 20 days, not months.

Rather than financing projects one at a time, builders bring us their whole pipeline and we fund it through a single vehicle on one ledger. Builders get one close and one set of fees. Investors get many sites, one operator, and one credit to underwrite.

DealsDocumentationCapital

Solar City Inc

Document review

5 of 6

Upload documents Request term sheet

Uploaded documents

Agent status

Power Purchase AgreementApproved

Lease / Site Control AgreementApproved

Interconnection ApplicationApproved

EPC AgreementApproved

Construction BudgetApproved

EPC Builders Risk InsuranceIn review

Drop files here or click to upload · PDF, XLSX, DWG · Projective documents are signed in app

Agent review

Running

Interconnection applicationFiled

Offtake tenor vs. loan termMatched

DSCR at base caseWithin policy

Site controlVerified

Builders risk insuranceChecking coverage

EPC agreementExecuted

Construction budgetWithin estimate

Tax agreementReviewed

Lien searchClear

Pool allocationConstruction Pool I

Finance a project

How a project gets financed on Projective.

01Documentation

Turn your documents into a financeable deal.

Upload the PPA, site control, interconnection, EPC agreement and budget. Projective OS builds the deal file and tells you exactly what is still missing.

One intake, every document.

Permits, agreements, drawings and the model go to one place, hashed and stored, with a status you can check at any time.

Sign Projective documents in app.

Tax credit pledge, developer guarantee and material purchase terms are signed on the platform, not emailed around.

02Underwriting

Agents screen the deal against our credit standards.

Every document is read, the terms that matter are pulled out, and each one is tested against policy. An underwriter reviews the result with the agent’s notes attached, and nothing moves without a human sign-off.

Every check, written down.

Offtake tenor against loan term, site control, interconnection status, DSCR at base and downside. You can read exactly why a deal cleared.

Approved for the pool in weeks, not quarters.

Once a deal clears, we draft the builder’s term sheet and send it to credit for signature. From intake to approval, that’s typically 15 to 20 days.

03Loan servicing

Software runs the loan for the life of the asset.

After closing on Projective, every repayment, covenant and report lives on one ledger. Lenders see positions and cashflows without having to ask.

Every covenant, monitored.

DSCR tests, reserve balances and interest dates are tracked automatically and flagged before they slip.

Closing is the start of the record.

Projective OS holds positions, obligations and lender records for every pool. Capital moves on schedule, and your accountants and counsel work on the same record.

03Why Projective

Financing and closing costs are no longer the bottleneck to getting a renewable project operational.

Project finance was built for billion-dollar deals. The lawyers, the bankers, the months of negotiation all cost about the same whether a project is worth $5 million or $1 billion, so institutional capital goes where the zeros are. Anything smaller gets a polite pass or a punishing rate. That means the projects closest to the people who use the power — the school rooftop, the hospital microgrid, the town battery — are the hardest to fund.

The timing could not be worse. Data centers are pulling load onto a grid that was already at its limits, and the fastest relief is generation built next to demand, not another decade of transmission permitting. Projective modernizes municipal and infrastructure project finance so local builders can compete with the multinationals: capital arrives in weeks, closes for a fraction of the cost, and stays fully transparent to lenders for the life of the loan.

04Comparison

Projective vs a traditional lender.

Traditional lender

Projective

Upfront capital

Traditional lender20 to 40% of project cost from your own balance sheet

ProjectiveNone required. Up to 100% of construction financed.

Position

Traditional lenderSenior debt sized to part of the cost, with sponsor equity and partners filling the rest

ProjectiveFirst lien senior construction facility covering up to 100% of cost. The builder keeps full ownership and the full return.

Underwriting process

Traditional lenderLawyers, spreadsheets and months of back-and-forth

ProjectiveUpload your documents. Projective’s AI-driven underwriting reviews them and gets back to you.

Time to close

Traditional lender3 to 6 months

Projective3 to 6 weeks

Interest payment schedule

Traditional lenderPeriodic interest under bespoke loan terms, reconciled by the servicer after the fact

ProjectiveInterest paid monthly on a fixed schedule, with every payment visible to lenders on the ledger as it lands

Lender transparency

Traditional lenderPeriodic servicer reports and PDFs

ProjectiveEvery position live on one ledger, for the life of the loan

Multi-project pipelines

Traditional lenderOne project, one deal, one set of legal fees

ProjectiveFull pipeline in one lending vehicle

05For investors

Open facilities.

Three facilities are open today, from development capital through construction lending to permanent debt. Each card shows the terms as they stand; request the term sheet for the full package.

Invest in a pool

Capital Structure Snapshot As of 17 Oct 2026

Lone Star Compute Pool I[Development Capital]

Open

Target net yield 18%

Annualized, net of fees, paid at maturity

InstrumentSenior secured development loans

SeniorityFirst lien · 100% of pool

CouponFixed · bullet at maturity

Tenor · Maturity18 months · Apr 2028

Collateral1 off-grid data center campus · 60 MW behind-the-meter · Texas

Advance rate≤ 50% of development budget · escrow-released on study milestones

CovenantsIndependent feasibility study by month 6 · land under contract · power supply LOI by month 9

ReportingMonthly reporting

Commitments$1.1M of $2.5M

44% committedNext: Closing 30 Jan 2027

Request the term sheet

PCP-1 · Illinois School Solar[Construction Lending]

Open

Target net yield 15%

Annualized, net of fees, paid at maturity

InstrumentSenior secured construction loans

SeniorityFirst lien · 100% of pool

CouponFixed · bullet at maturity

Tenor · Maturity18 months · Apr 2028

Collateral4 commercial solar projects · 18.6 MW

Advance rate≤ 75% of project cost

CovenantsDSCR ≥ 1.30× at conversion · completion guaranty

ReportingMonthly reporting

Commitments$4.8M of $7.5M

64% committedNext: Closing 30 Nov 2026

Request the term sheet

Upstate Michigan Muni Solar Facilities[Permanent Debt]

Open

Target net yield 12%

Annualized, net of fees, paid monthly

InstrumentSenior secured term loans

SeniorityFirst lien · 100% of pool

CouponFixed · monthly in arrears

Tenor · Maturity60 months · Oct 2031

Collateral6 operating solar assets · 24.1 MW

Advance rate≤ 70% loan to value

CovenantsDSCR ≥ 1.25× T12M · cash sweep below 1.10×

ReportingMonthly reporting

Commitments$3.1M of $7.5M

41% committedNext: Interest 1 Nov 2026

Request the term sheet

Scroll for the next facility → 01 / 03

Access to global financing, open to qualified investors worldwide.

The cleanest and easiest way to gain access to US infrastructure deal flow, at any level. One account, one platform, and every position visible on the platform from the day you fund it.

01 · Open

Open an account from anywhere

Verification and identification checks are done in minutes.

02 · Fund

Fund in any currency

Wire from your bank in the currency you hold. Projective settles it into your chosen pool in USD, with no FX fees in either direction, and pays you out in your local currency. Every position is recorded on the platform and fully auditable.

03 · Choose

Choose your position

Take a single allocation or anchor an entire facility. Lend from development capital through construction to permanent debt, fund in any currency, and take interest monthly or at maturity, with every position recorded on one auditable ledger.

Invest in a pool

Availability subject to eligibility and local regulations.

Bring us the project, or the capital.

Builders: upload your documents to Projective. Our team reviews every project, and our markets desk structures the deal with you. Investors: choose a facility and request the term sheet.

Finance a project Invest in a pool Book a call