NC-ACP-000 v1.0 — Asset Class Playbook Template¶
How NewCo scopes any asset class¶
12 May 2026 · Internal · Marc approval required before populating second instance (T07*)
1. Purpose¶
This template defines the canonical structure for scoping any asset class NewCo enters. Every new asset class produces one instance of this playbook (e.g., NC-ACP-001 IEAT-Industrial, NC-ACP-002 Hospitals, NC-ACP-003 Hotels, NC-ACP-004 Malls, NC-ACP-005 Government-complex).
The template captures what's different per asset class (typology library, cost stack, financing structure, regulatory regime, common failure modes) and inherits everything else from the platform spine (NC-METH-001 methodology, NC-PARAM-001 parameters, NC-OPS-001 operating manual).
Sprint Board T07 status: this template is the first half of T07. The second half is the IEAT-Industrial instance (NC-ACP-001) which is the first populated playbook. Marc approval of THIS TEMPLATE structure required before subsequent asset class instances.
2. How to use this template¶
2.1 When to create a new Asset Class Playbook¶
Create a new playbook when: - NewCo enters a structurally distinct asset class (industrial estate → hospital → hotel = three playbooks) - Existing playbook is materially inadequate for the new asset - Cost stack, regulatory regime, or financing structure differs sufficiently that copy-modify of existing is high-error
Do NOT create a new playbook for: - Same asset class, different geography (geographic variants live as appendices) - Same asset class, different program (BMA municipal vs MOPH hospital are different programs of same hospital asset class — but only if they share typology + cost stack) - Single-asset variants within established class
2.2 Naming convention¶
NC-ACP-NNN_vM.m.p_AssetClassName.md- Examples:
NC-ACP-001_v1.0_IEAT_Industrial.md,NC-ACP-002_v1.0_Hospitals.md
2.3 Approval¶
- Template (this document): Marc approves once. Reused for all subsequent instances.
- Each instance: Steven drafts; Marc approves before external use; both approve material parameter changes per Operating Manual §2.
3. Template structure — 10 sections + 3 appendices¶
Every Asset Class Playbook contains the following 10 sections, structured for consistency and reusability. Section content is asset-class-specific; structure is universal.
Section 1 — Asset class definition¶
What this is: the formal definition of the asset class. Sets the scope unambiguously so a new analyst knows what does and doesn't qualify.
Content: - Definition (one sentence, plus 2-3 paragraphs of detail) - Examples (3-5 concrete examples) - Boundary cases (what's NOT in scope, with reasoning) - Typical asset size range (kWp, $, MWh equivalent) - Counterparty category (private commercial / municipal / sovereign / SOE / mixed)
Section 2 — Strategic rationale¶
What this is: why NewCo deploys into this asset class. The thesis at the asset class level — separate from any individual deal.
Content: - Market opportunity (size, growth, NewCo addressable share) - Why this asset class fits NewCo's mission (vs. alternatives we declined) - Differentiators vs. competing approaches in this asset class - Connection to other NewCo asset classes (synergies, dependencies) - Lifecycle stage (pilot / scaling / mature)
Section 3 — Typology library¶
What this is: which methodology typologies apply, with any asset-class-specific adaptations.
Content: - Applicable typologies from NC-METH-001 Part C (T1, T2, T3, T4A, T4B-DC, T6W, etc.) - Asset-class-specific typology constraints (e.g., "T1 invalid at LK/LPH" for IEAT-Industrial) - New typologies introduced for this asset class (if any) — must be added to NC-METH-001 Part C - Per-typology suitability scoring rubric - Typical typology mix (% of capacity)
Section 4 — Cost stack¶
What this is: CAPEX, OPEX, and soft cost structure specific to this asset class.
Content: - Per-typology unit cost ranges ($/kWp) — references NC-PARAM-001 §6 - Asset-class-specific cost adjustments (e.g., +10% for hospital fire-safety codes; -5% for industrial scale) - OPEX structure (THB/MWp/yr or equivalent unit) - Soft costs (development, financing, contingency, IDC percentages) - Cost benchmarking sources
Section 5 — Yield and operating assumptions¶
What this is: yield, degradation, and performance assumptions specific to this asset class and geography.
Content: - P50 yield assumptions (cite NC-PARAM-001 §5 + any asset-class-specific overlays) - Degradation rate - Self-consumption rates by sub-type (if applicable — see BMA SC table for example) - Curtailment / export limits - Asset-class-specific operating constraints (e.g., schools closed in summer holiday)
Section 6 — Financing structure¶
What this is: how this asset class is financed.
Content: - Debt source (EXIM / IBRD / KTB / commercial / mixed) - Typical leverage (LTV) - Typical tenor - Debt cost (cite NC-PARAM-001 §10) - Equity source - Off-balance-sheet vs on-balance-sheet structure - Counterparty credit treatment
Section 7 — Regulatory and tax regime¶
What this is: the regulatory environment specific to this asset class.
Content: - BOI eligibility (cite NC-PARAM-001 §9) - Tariff regime (which utility, which schedule) - Carbon regime (which structure applies; cite NC-PARAM-001 §8) - Land/lease/ownership considerations - ESHS framework - Any asset-class-specific permits or approvals
Section 8 — Common failure modes¶
What this is: the recurring ways deals in this asset class fail. Documented from internal experience + industry observation.
Content: - Top 5–10 failure modes with frequency assessment - Early warning signs for each - Mitigation patterns - Hard rules (things that prevent us from doing the deal)
Section 9 — Sample deliverables¶
What this is: pointer to representative artefacts that show this asset class executed well (or executed badly, with corrections).
Content: - Representative IC paper (link) - Representative financial model (link) - Representative deck (link) - Investment thesis brief - Critique/lessons-learned memo (where applicable)
Section 10 — Pipeline and execution status¶
What this is: live status of NewCo's deployment in this asset class.
Content: - Active deals (table: deal, sub-class, status, value, IRR, IC stage) - Pipeline deals (table: deal, sub-class, expected value, target close) - Programmatic targets (Fund I allocation %, geographic priorities) - Open methodology questions for this asset class (cite AUDIT items)
Appendix A — Per-deal Quick Reference¶
A 1-page summary for each active deal in the asset class. Used as the cover sheet of IC papers, deck appendices, and Quick onboarding for new analysts.
Appendix B — Asset Class QA Checklist¶
Asset-class-specific extension of the NC-OPS-001 Appendix A QA Checklist. Items unique to this asset class that need explicit verification.
Appendix C — Cross-reference Index¶
Links from this playbook to specific sections of: - NC-METH-001 (methodology) - NC-PARAM-001 (parameters) - NC-OPS-001 (operating manual) - Annex J Audit Register (active findings)
4. Inheritance from platform spine¶
This template assumes inheritance from:
- NC-CHRT-001 Platform Charter: NewCo's mission, north star, six products, asset class roadmap. Do not restate.
- NC-METH-001 Methodology: the analytical engine (Parts A–F). Asset Class Playbook references; does not duplicate.
- NC-PARAM-001 Parameter Book: every numerical parameter. Asset Class Playbook overlays where asset-class-specific values apply.
- NC-OPS-001 Operating Manual: decision rights, escalation, QA discipline. Asset Class Playbook does not override these.
- NC-ONB-001 Onboarding Playbook: new-analyst sequence. Asset Class Playbooks become required reading in Week 1 of onboarding for the relevant asset class.
If asset-class-specific content contradicts platform spine, the asset-class document is wrong — fix it. Platform spine wins.
If asset-class-specific content adds to platform spine, that's the legitimate purpose of an Asset Class Playbook.
5. Template versioning¶
| Version | Date | Notes |
|---|---|---|
| 1.0 | 12 May 2026 | Initial template; 10 sections + 3 appendices. Marc approval pending. Closes T07 first half. |
6. First instance: NC-ACP-001 IEAT-Industrial¶
The IEAT-Industrial Playbook (NC-ACP-001 v1.0) is the first instance, produced as the second half of T07. See companion document.
End of NC-ACP-000 v1.0.