REIP invests private capital in on-site generation for commercial and industrial clients in Chile. This is not generic infrastructure: each asset is sized to the industrial process it serves, and its viability depends on the regulatory regime and the feedstock available on site as much as on the engineering. REIP owns the asset and operates it for the life of the contract.
On-site generation for commercial and industrial clients — not residential, not utility-scale. Certainty comes from depth in one segment, not breadth across many.
Offtake contracts spanning years, with clients consuming the energy on their own site. Contracted revenue, not spot exposure.
We don't sell equipment: we invest in the asset, build it greenfield, and operate it. Returns depend on the cash yield of operations, not a sale.
Project debt and equity within a disciplined capital stack, clear contracts, governance and periodic reporting.
| Criterion | Detail |
|---|---|
| Sector | On-site distributed generation for commercial and industrial clients: cogeneration, biogas and waste-to-energy valorisation. |
| Geography | Chile. National Electric System (SEN), medium-scale and isolated systems. |
| Asset size | 80 kW – 3 MW of installed capacity per project. |
| Stage & model | Greenfield development under a BOOT model: REIP builds, owns and operates the asset, transferring ownership to the industrial client at contract end or earlier, when an early transaction improves the investment case. |
| Ownership | Control: 100% or majority of the project company. |
| Revenue structure | Long-term energy supply agreement with the industrial client. |
| Holding period | Contract term and asset useful life, with defined overhaul milestones. Range of 2 to 14 years; holding never falls below 2 years. |
| Capital per project | Blended structure: founder equity and private investor commitments per project, with debt where the asset supports it. Minimum ticket and terms shared in direct conversation. |
| Currency & indexation | Indexed contracts; controlled exposure to FX and spot price. |
A project that doesn't meet these criteria is not presented to investors.
The asset REIP invests in is generation infrastructure installed within the industrial client's own site: energy is produced and consumed on the same site, without depending on the grid.
When the energy input comes from the client's own waste stream, the asset performs even better: it valorises a waste stream that is a cost today, and recovers useful heat for the process — two revenue streams where there was one.
Engineering and construction run under EPC contract with specialised technology providers. REIP structures, finances and operates the asset.
Under the BOOT model, asset ownership transfers to the industrial client on terms agreed from the outset: at contract end, or earlier when both parties agree to a transaction that improves the investment case. Minimum holding is two years.
Client, capacity and terms are shared under a confidentiality agreement in direct conversation.
REIP contracts part of the value chain with companies in which its partners hold an interest: RASA Motores supplies equipment (CAPEX) and maintenance (OPEX); Auracitas executes development (DEVEX). This is a deliberate structural choice: it keeps technical control, timelines and accountability for asset performance inside REIP's perimeter for the full life of the contract.
Transparency operates at the level of the complete investment case. Before the final investment decision, every project is presented to the investor with the full breakdown of DEVEX, CAPEX and OPEX, identifying which amounts correspond to related parties and under what terms they were set. The investor evaluates the case with the entirety of costs visible.
Discipline is imposed by the return hurdle, not by a third party. Each case must clear the defined minimum returns with the full cost structure already built in. If it doesn't, it isn't funded. There is no path by which a related-party cost can be passed on to the investor without being reflected in the economics approved at FID.
| Risk | Structural mitigation |
|---|---|
| Industrial client credit | Upfront credit evaluation, contractual guarantees and a defined payment structure in the supply agreement. |
| Construction & cost overrun | Fixed-price, fixed-term EPC contract. |
| Availability & technical performance | Long-term O&M contract with availability guarantees and a defined overhaul plan. |
| Feedstock supply | Contractual client commitment over the waste stream or input from its own process. |
| Regulatory | Connection and operating regime defined before financial close. |
| Spot price | Primary revenue is contractual. Grid surplus is a complement, not the basis of the case. |
| FX & inflation | Contractual indexation and matching between revenue and debt currency. |
The base case is holding the asset for the contract term and its useful life. No return presented to investors depends on an early exit.
The BOOT model contemplates the transfer of ownership to the industrial client. When that transfer can be brought forward on terms that improve the investment case approved at FID, it is evaluated and put to the project's investors. Minimum holding is two years in any scenario.
It is upside optionality on the base case, not an assumption that sustains it.
REIP valorises waste streams that are a cost today, and avoids the double energy consumption of the industrial process — impact measured and reported asset by asset, as each one enters operation.
Reported per asset from the date it enters operation. No assets in operation yet.
Reported per asset from the date it enters operation. No assets in operation yet.
Reported per asset from the date it enters operation. No assets in operation yet.
REIP invites private investors to take part in building its initial portfolio of distributed generation assets in Chile.
The current conversation runs in two tracks: direct co-investment in individual projects, and early participation in the vehicle now being formed.
Return history, minimum ticket, vehicle terms and pipeline detail are shared under a confidentiality agreement.
Patient capital, an appetite for real infrastructure, and willingness to evaluate each project on its own investment case.
First C&I projects in development, with founding capital committed directly by REIP's partners in each project, alongside a small group of private co-investors. Direct co-investment per project, or early participation in REIP's next stages.
Return figures, ticket size and vehicle terms are shared in direct conversation, not on this site.
Return history, portfolio and terms are shared with qualified investors upon request.