Pivot Green Investor FAQ
1. What exactly am I investing in?
You’re investing in a share of the revenue generated by a fully operational rooftop solar plant in Singapore, with a capacity of 267.85 kWp. The project sells clean power to Freight Links Pte Ltd under a 25-year Power Purchase Agreement (PPA).
Investors buy Fractionalized Investment Tokens (FITs) – digital tokens that represent real-world investment agreements between investors and the asset operator. Each FIT gives you the right to receive yield payments from the project’s income streams.
2. What are FITs?
Fractionalized Investment Tokens (FITs) represent real-world investment agreements between investors and recipients, giving holders access to yield payments.
3. Do I legally own the solar panels I invest in?
No, you do not own the panels themselves. When you purchase FITs, you enter a binding investment agreement with the project. Each token represents a contractual right to a share of the project’s net revenue, enforceable under law.
See full agreement here:
4. How do I earn returns, and how are they paid out?
Returns come from two sources:
- Fixed income from monthly payments under a 25-year Power Purchase Agreement (PPA) with Freight Links.
- Variable income from selling Renewable Energy Certificates (RECs) on accredited marketplaces in Singapore.
Your share of the combined revenue is calculated based on how many FITs you hold.
Payouts are made monthly, in USDC, via automated Solana smart contracts. Funds are streamed into a dedicated on-chain account linked to your wallet. You can withdraw anytime or let your balance accumulate and compound.
5. What is the expected return?
The project targets a 16.8% Internal Rate of Return (IRR) over its 24-year term.
This projection is based on energy production and REC pricing assumptions. Actual results may vary with energy output and market conditions.
6. What is IRR, why is it important, and what can I compare it to?
IRR (Internal Rate of Return) measures the annualized rate your investment earns over its full lifetime, factoring in compounding returns and payout timing. It’s the gold-standard metric used in infrastructure and private equity to gauge long-term profitability.
Pivot Green projects a 16.8% IRR. For context, most renewable infrastructure projects in Southeast Asia yield between 8–12%, while typical DeFi stablecoin strategies offer 5–10%.
Here’s what makes it powerful: unlike typical long-lock investments, Pivot Green’s project generates monthly on-chain cash flow. That means you’re not waiting years for returns — you start seeing yield every month in USDC, that can be reinvested and compounded over time.
To better understand IRR and visualize its potential, go to the ‘calculate your returns’ tab on the project listing page:
https://app.refihub.io/investments/8/
7. How long does this investment last?
The solar plant operates under a 24-year revenue contract running until 2049.
8. When do returns start being paid?
The first investor payout is scheduled for November 25th, 2025.
9. How are payouts made, and how often?
Yields are paid monthly (between the 23rd and 28th of each month) in USDC through smart contracts.
10. Is my investment liquid?
At this stage, the investment is illiquid. However, ReFi Hub is actively building both Pooling and P2P secondary trading systems to unlock liquidity in the near term.
11. How is performance tracked and reported?
Revenues are recorded on-chain and investors receive monthly performance summaries.
Energy generation data is tracked through an external monitoring platform and shared with investors.
ReFi Hub is developing direct API integration for live, transparent tracking inside the ReFi Hub dashboard.
12. What are Renewable Energy Certificates (RECs)?
RECs are digital certificates that prove 1 megawatt-hour (MWh) of electricity was generated from a renewable source, such as solar.
They’re used by companies to meet sustainability or carbon-neutrality goals, even if they can’t install solar panels themselves.
Pivot Green’s solar plant produces RECs from the clean power it generates. These certificates are sold for extra income alongside electricity sales.
13. How are RECs monetized?
In simple terms: RECs are sold to buyers who want to offset their carbon footprint.
Here’s how it works:
- The solar plant registers with accredited REC platforms (like SP Group or Redex) that verify its clean energy output.
- For every MWh produced, a REC is issued.
- Businesses buy these RECs to “claim” the environmental benefit of that clean power — for example, to meet RE100 or carbon reporting standards.
The revenue from those sales adds an extra 20–40% of income to the project, boosting overall returns for investors.
Think of RECs as digital receipts for clean energy, converting environmental impact into real financial value.
14. What are the main risks, and how are they mitigated?
There are several risks and considerations to comprehend, in terms of the operations of the solar plant and energy market in Singapore.
For clarity on operations, see them in the listing page ‘Model & Risks’ tab:
https://app.refihub.io/investments/8/
For wider market risks see the our Singapore Solar Market Overview, ‘Market Risks’ page 18.
15. What happens if Pivot Green (solar company) shuts down before 24 years?
If Pivot Green closes early, investors are protected by a first-priority claim over the solar equipment, which serves as collateral. This means the equipment can be sold to help recover part of the invested capital.
Also, the power contract itself is a valuable asset. If Pivot Green stops operating, the contract can typically be transferred to a new operator. In that case, the project would resume generating revenue, and ReFi Hub investors could continue receiving their share.
16. Does the collateral lose value over time? Wouldn’t I recover less later on?
Yes, the collateral (solar equipment) depreciates over time, meaning its resale value drops in later years.
But investors start earning yield from day one, which offsets that.
For example:
- After 3 years, investors are projected to earn back around 50% of their capital through monthly yield.
- If the plant shuts down at that point and the equipment is resold for 70–80% of its original value, total recovery could reach 85–95% of initial capital.
- In later years, the resale value may be lower, but by then, most or all capital has already been returned through yield.
Based on project yield, after around 6 years, investors would be in net positive territory, and everything beyond that is profit.
17. What happens if the offtaker (energy purchaser) defaults or delays payment?
The 25-year PPA is with Freight Links, a subsidiary of an SGX-listed company.
In the unlikely event of a payment default, Pivot Green retains ownership of the solar system and can redirect output or reassign the PPA to a new buyer.
18. Where is the solar plant located?
📍 1.3359030, 103.9718132 (Singapore)
It’s located on the rooftop of a Freight Links industrial facility.
19. How will the funds be used?
Funds raised go 100% toward acquiring revenue rights in the operational solar asset.
Given the plant is operational, there is no construction needed. Maintenance costs are covered by Pivot Green’s cut.
Pivot Green will use these funds for there continued expansion.
20. How does the investment process work?
- Invest USDC through ReFi Hub on Solana.
- Receive your FITs representing fractional ownership of the revenue stream.
- When the raise closes, smart contracts start distributing monthly USDC yields directly to your wallet.
21. What is the insurance coverage?
The asset is covered by comprehensive insurance for damage, theft, and liability.
Pivot Green manages claims and repairs directly - to restore generation quickly and protect investor cash flows.
22. How is the asset’s lifetime managed?
Pivot Green manages all operations and maintenance (O&M) internally, including panel cleaning, performance monitoring, and inverter replacement.
End-of-life panels will be recycled through certified e-waste partners.
23. What happens at the end of the 24-year period?
At contract maturity, final revenues are distributed to investors.
Pivot Green may repower the site with new panels or dispose of components responsibly.
24. Who is behind this project?
Pivot Green is led by an experienced team in renewables, finance, and tokenization:
- Caius Lai (CEO): 10 years in M&A and family-office renewables; ex-Sinarmas Group solar BU
- Richard Loi (Chairman): ex-Deloitte Partner; co-founder of ecoCarbon (960k ha forestry)
- Benny Zheng (COO): 20+ years in SEA renewable supply chain; ex-Canadian Solar
- Jien Lit (CFO): Investment lead at Sinarmas Singapore family office
- Tristan Yver (Advisor): Co-founder of Backpack & expert in crypto asset tokenization
25. Where can I learn more or invest?
Visit the Pivot Green listing on ReFi Hub:
https://app.refihub.io/investments/8/
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