CRN Solar Construction Update

CRN Solar Plant: Construction Update

In March, we funded the CRN Solar Plant - a high-performance renewable energy project in Santa Catarina, Brazil.

Since then, construction has been steadily transforming our investment into a cash-producing RWA (real-world asset).

The journey hasn’t been without challenges:

• The site was initially inaccessible for heavy trucks, requiring significant land adjustments.
• Persistent rain slowed concreting work.
• Rocky terrain made pile drilling more time-intensive.

These hurdles have added approximately 8 weeks to the original build timeline, with the new estimated date of completion set for October 30th.

Investor Payouts On Track — Even Before Energy Generation

Investor protections remain intact under the contract. The first payout window of August 15–20 is unchanged — even though energy generation will not be activated until October. This means investors still receive their guaranteed yield on schedule, regardless of the build delays. In this case 10.9% annualised yield.

Despite the setbacks, progress is strong mounting structures are in place, panels are being installed, and next steps include grid connection, grounding systems, and testing.

From Web3 to Real-World Assets:

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Turning Web3 capital into real-world infrastructure comes with a unique truth: once you step off-chain and onto the ground, the work meets the unpredictability of nature, terrain, and logistics. These are frictions no smart contract can erase, but they’re also proof that this is real.

Real steel in the ground. Real panels in the sun. Real progress toward long-term yield and impact.

Overcoming these challenges brings us closer to proving that DeFi investments can deliver lasting results in the physical world.
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Thanks to all who invested in making this solar milestone a reality. More updates soon.

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