Mercado SolarCrowdfunded solar plants, paid upfront or in installments
Ana P. (investor, example)
Interactive prototype · all figures are examples[CNV registration: pending]Projected returns, not guaranteedInvestment is subject to Argentine regulation
How it works
Each plant is put together by several parties. One trust per project owns the plant, collects the energy revenue and shares it among the contributors according to their stake.
Contributors
InvestorsMoney, upfront or in 3 / 6 / 12 / 18 installments. Your stake counts on what you have paid in.
LandownerThe land: lease per ha per year, contribution in exchange for equity, or sale.
Equipment suppliersModules, inverters, trackers, structures: sale, installments, or in-kind contribution for equity.
BankDebt that complements the crowd, secured on the plant's cash flow.
money · land · equipment · debt
Project trust
Owns the plantReceives the contributions, hires construction and operation, collects the energy revenue and distributes it.Trustee · independent engineer · insurer
ELAP · development and engineeringPlant layout, P50/P90 production, single-line diagram, bill of quantities and costs. This is what makes projects comparable: the technical sheet of every listing comes from ELAP.
The platformCrowdfunding registered with the CNV (Law 27,349). [CNV registration: pending]
hires and pays for construction
Plant
EPC / installerBuilds turnkey, with a construction warranty.
O&MOperates and maintains; paid per MWp per year.
Grid accessFree node capacity and CAMMESA dispatch priority: the first filter for any project.
energy (MWh)
Energy buyer
Large User (MATER)Industry with a PPA; since SE Resolution 400/2025, loads of 300 kW or more qualify.
Distribution companyRegulated supply contract.
Self-consumption / distributed generationLaw 27,424, for small projects.
No buyer, no revenue: it is the biggest driver of risk.
The money comes back. The buyer pays the trust for the energy in USD per MWh. The trust pays operation, debt service and taxes, and distributes the rest every quarter according to each party's stake: investors, the landowner if they contributed, suppliers if they contributed.
From energy to distribution, year 1 PSF Quines I · P50 · example
| Item | USD M / year | How it is derived |
|---|---|---|
| Energy sold | 1.47 | 25.8 GWh × USD 57/MWh (PPA) |
| O&M | −0.14 | USD 12 k per MWp per year |
| Insurance, trustee, administration | −0.07 | fees and policies |
| Debt service | −0.33 | USD 2.24 M over 10 years |
| Taxes and reserve | −0.37 | depending on the trust structure |
| Distributable | 0.56 | 10.8 % of the USD 5.20 M of contributed capital |
The figures are an example consistent with the PSF Quines I sheet. Projected, not guaranteed.
Clear rules
- Stake based on what you paid in. If you stop paying installments, you keep the share proportional to what you paid. You do not lose what you paid in.
- Returns as a range. Always projected, with P50 and P90 scenarios, never guaranteed.
- Grid access and the buyer come first. The sheet shows free node capacity, dispatch priority and the sales contract before the return.
- One trust per project. The plant belongs neither to the platform nor to the developer: it belongs to the trust.
- Same data for everyone. ELAP's engineering is the technical sheet of every listing.
- 1The developer puts the project togetherLand, ELAP engineering, grid access, buyer, equipment and EPC. The assembly board shows which piece is missing.
- 2The sheet is publishedWith layout, P50/P90 production, single-line diagram, costs, who takes part, capital structure and explicit risks.
- 3People investThey buy shares, upfront or in installments. The trust receives the funds.
- 4Close and constructionPPA, EPC and debt are signed; the plant is built under an independent engineer.
- 5OperationThe buyer pays the trust for the energy. O&M operates the plant.
- 6DistributionsQuarterly, according to each party's paid-in stake. A secondary market to sell.