Projects

ReCap Solar Colombia

54,5% Confirmed Amount = € 39.897,76
Reserved Amount = € 1.000,00
€ 40.897,76 of € 75.000,00
25

days left

5 yr

term

5.8%

a year

quarterly

instalment

B-

rating

sustainable_energy

Sustainable energy

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

7. Affordable and Clean Energy

SDG 7. Affordable and Clean Energy

9. Industry, innovation and infrastructure

SDG 9. Industry, innovation and infrastructure

Two solar power plants for self-consumption in Colombia.

Impact

The two projects will have environmental direct impacts:

  • CO2 emissions reduction: in total both projects will avoid the emission of 47,22 tons off CO2 per year, the equivalent to planting 2.146 trees and to the annual consumption of 31 European households;

  • Clean energy production: in total both projects will generate 123 MWh of clean energy per year.

And at the same time, they have social indirect impacts:

  • Raising awareness of sustainable energy: the system installed in the Claretian School will serve as a showcase to students and parents, a real-life example of the functionality and benefits of solar energy.

  • Promoting sustainable business: the project developed for Agromonte is an example of the applicability of solar power for agriculture business, and in this case serves as a benchmark to the flower growing business, an important business segment in Colombia.

  • Reduction in energy costs: both companies will lower their electricity costs.

Project Information

The goal of this campaign is to refinance two solar photovoltaic projects in the Cundinamarca region, in Colombia. This is the second project promoted by the ReCap Group through GoParity. ReCap is a Swedish organisation with over 10 years of experience in renewable energy and energy efficiency projects.

Here are some of the main features of the projects:

Colégio Claretiano

Founded in 1958 by the claretian missionary Father Miguel Rodríguez, the school was initially a small studies center for children in the parish. Since then, the school has grown to be an important education hub in the region. The education proposal includes an impact strategy on people and the environment, developed in an organizational structure that favours human and spiritual qualities. Due to COVID-19, the school is providing remote classes and there has been no student withdrawing so far.

The solar PV plant installed this July and is expected to be connected to the grid by August. It has the following technical characteristics: 

  • Installed capacity: 60,75 kWp

  • Estimated yearly production: 91,61 MWh

  • Yearly CO2 reduction: 35,4 tons

Agromonte

Agromonte has been in the flower business since 1984. Agromonte uses hydroponic cultivation, which allows for greater production in less space, minimizing the use of fertilizers and pesticides, thriving for producing with the highest quality. Agromonte has a special focus on the welfare of its employees, providing them with health care, stability, and education. Agromonte also understands its role as a development agent in its surrounding community and is committed to being a good role model, for example, by using solar energy. Due to COVID-19, the school is providing remote classes and no student has withdrawn so far.

The solar PV plant is connected to the grid since October 2019 and has the following technical characteristics:

  • Installed capacity: 24,70 kWp

  • Estimated yearly production: 30,39 MWh 

  • Yearly CO2 reduction: 11,82 tons

Financial Viability

Both projects will be re-financed with this campaign. The capital that ReCap has invested will be used for further expansion in the Colombian market.

In exchange for the benefits provided by the solar PV system, the client pays ReCap a monthly fee throughout the contract term (7 years Agromonte and 15 years Colegio Claretiano).

The fee is based on the prices charged by the local utility, over which the client is granted a fixed discount. In this sense, the client will always have a benefit from using the energy from the PV system. The energy that cannot be supplied by the PV system is bought from the grid.

The fees paid by the client allow ReCap to pay back its investors and covers the operations required for the development and management of the project.

25

days left

5 yr

term

5.8%

a year

quarterly

instalment

B-

rating

sustainable_energy

Sustainable energy

12. Responsible Consumption and Production

SDG 12. Responsible Consumption and Production

7. Affordable and Clean Energy

SDG 7. Affordable and Clean Energy

9. Industry, innovation and infrastructure

SDG 9. Industry, innovation and infrastructure

Two solar power plants for self-consumption in Colombia.

54,5% Confirmed Amount = € 39.897,76
Reserved Amount = € 1.000,00
€ 40.897,76 of € 75.000,00

Impact

The two projects will have environmental direct impacts:

  • CO2 emissions reduction: in total both projects will avoid the emission of 47,22 tons off CO2 per year, the equivalent to planting 2.146 trees and to the annual consumption of 31 European households;

  • Clean energy production: in total both projects will generate 123 MWh of clean energy per year.

And at the same time, they have social indirect impacts:

  • Raising awareness of sustainable energy: the system installed in the Claretian School will serve as a showcase to students and parents, a real-life example of the functionality and benefits of solar energy.

  • Promoting sustainable business: the project developed for Agromonte is an example of the applicability of solar power for agriculture business, and in this case serves as a benchmark to the flower growing business, an important business segment in Colombia.

  • Reduction in energy costs: both companies will lower their electricity costs.

Project Information

The goal of this campaign is to refinance two solar photovoltaic projects in the Cundinamarca region, in Colombia. This is the second project promoted by the ReCap Group through GoParity. ReCap is a Swedish organisation with over 10 years of experience in renewable energy and energy efficiency projects.

Here are some of the main features of the projects:

Colégio Claretiano

Founded in 1958 by the claretian missionary Father Miguel Rodríguez, the school was initially a small studies center for children in the parish. Since then, the school has grown to be an important education hub in the region. The education proposal includes an impact strategy on people and the environment, developed in an organizational structure that favours human and spiritual qualities. Due to COVID-19, the school is providing remote classes and there has been no student withdrawing so far.

The solar PV plant installed this July and is expected to be connected to the grid by August. It has the following technical characteristics: 

  • Installed capacity: 60,75 kWp

  • Estimated yearly production: 91,61 MWh

  • Yearly CO2 reduction: 35,4 tons

Agromonte

Agromonte has been in the flower business since 1984. Agromonte uses hydroponic cultivation, which allows for greater production in less space, minimizing the use of fertilizers and pesticides, thriving for producing with the highest quality. Agromonte has a special focus on the welfare of its employees, providing them with health care, stability, and education. Agromonte also understands its role as a development agent in its surrounding community and is committed to being a good role model, for example, by using solar energy. Due to COVID-19, the school is providing remote classes and no student has withdrawn so far.

The solar PV plant is connected to the grid since October 2019 and has the following technical characteristics:

  • Installed capacity: 24,70 kWp

  • Estimated yearly production: 30,39 MWh 

  • Yearly CO2 reduction: 11,82 tons

Financial Viability

Both projects will be re-financed with this campaign. The capital that ReCap has invested will be used for further expansion in the Colombian market.

In exchange for the benefits provided by the solar PV system, the client pays ReCap a monthly fee throughout the contract term (7 years Agromonte and 15 years Colegio Claretiano).

The fee is based on the prices charged by the local utility, over which the client is granted a fixed discount. In this sense, the client will always have a benefit from using the energy from the PV system. The energy that cannot be supplied by the PV system is bought from the grid.

The fees paid by the client allow ReCap to pay back its investors and covers the operations required for the development and management of the project.

ReCap Solar Fund II AB

Active since
2018
Fiscal Country
Sweden
Operating in
Brazil, Colombia, Spain
Industry
Renewable energy
GoParity Loans
1
About ReCap Solar Fund II AB

The ReCap Solar Fund II AB is part of the ReCap Group, an organization founded in 2010 with the mission to bridge the gap between institutional capital and profitable clean energy projects globally, contributing to a more sustainable future. Since 2017, ReCap has been focused on providing solar-based energy as a service (EaaS). The company has its headquarters in Stockholm, Sweden, and subsidiaries in Spain, Colombia, and Brazil. The ReCap Group has as main business the structuring and management of funds for investments in rooftop solar photovoltaic (PV) installations for commercial and industrial (C&I) clients. It takes on the financial, technical, and operational risk from the end client, who benefits from energy cost reduction through ReCap’s solar PV plants.

The Business Model

ReCap’s business model is based on sharing the benefits of PV plants with C&I clients. Without any need for investment from the end client, ReCap owns, installs, and maintains the solar PV plants. In exchange, the client pays a fee which will always be lower than that of the local utility. The fees paid by the client cover the investments, operational costs, and provide high and stable returns to investors. The business model was first successfully implemented in Spain. Colombia was the next market and soon after, ReCap was established in Brazil. The ReCap Group is constantly expanding, and the next markets are Portugal and India.

Track Record

Since 2017, the ReCap Group has been working on creating a diverse portfolio in the countries where it is present. Currently, the total contracted capacity by region is:

  • Sweden: 3,1 MWp in partnership with Vattenfall

  • Spain: 3,74 MWp

  • Colombia: 1 MWp

  • Brazil: 55 kWp

Currently, ReCap has 46 clients in Spain and Latin America. The project sizes range from 10 kWp to 1 MWp.

The ReCap Group provides customized energy solutions for its clients, which can include electric mobility, energy storage, and energy management systems.

Promoter Rating: B-

Guarantees

  • Pledge agreement over the shares of ReCap Solar Fund II AB;

  • Pledge agreement over the shares of ReCap Solar Colombia SAS;

  • Pledge agreement on the receivables/credit rights arising from the ESC, which will belong to ReCap Solar Colombia SAS.

ReCap Solar Fund II AB

Active since
2018
Fiscal Country
Sweden
Operating in
Brazil, Colombia, Spain
Industry
Renewable energy
GoParity Loans
1
About ReCap Solar Fund II AB

The ReCap Solar Fund II AB is part of the ReCap Group, an organization founded in 2010 with the mission to bridge the gap between institutional capital and profitable clean energy projects globally, contributing to a more sustainable future. Since 2017, ReCap has been focused on providing solar-based energy as a service (EaaS). The company has its headquarters in Stockholm, Sweden, and subsidiaries in Spain, Colombia, and Brazil. The ReCap Group has as main business the structuring and management of funds for investments in rooftop solar photovoltaic (PV) installations for commercial and industrial (C&I) clients. It takes on the financial, technical, and operational risk from the end client, who benefits from energy cost reduction through ReCap’s solar PV plants.

The Business Model

ReCap’s business model is based on sharing the benefits of PV plants with C&I clients. Without any need for investment from the end client, ReCap owns, installs, and maintains the solar PV plants. In exchange, the client pays a fee which will always be lower than that of the local utility. The fees paid by the client cover the investments, operational costs, and provide high and stable returns to investors. The business model was first successfully implemented in Spain. Colombia was the next market and soon after, ReCap was established in Brazil. The ReCap Group is constantly expanding, and the next markets are Portugal and India.

Track Record

Since 2017, the ReCap Group has been working on creating a diverse portfolio in the countries where it is present. Currently, the total contracted capacity by region is:

  • Sweden: 3,1 MWp in partnership with Vattenfall

  • Spain: 3,74 MWp

  • Colombia: 1 MWp

  • Brazil: 55 kWp

Currently, ReCap has 46 clients in Spain and Latin America. The project sizes range from 10 kWp to 1 MWp.

The ReCap Group provides customized energy solutions for its clients, which can include electric mobility, energy storage, and energy management systems.

Promoter Rating: B-

Guarantees

  • Pledge agreement over the shares of ReCap Solar Fund II AB;

  • Pledge agreement over the shares of ReCap Solar Colombia SAS;

  • Pledge agreement on the receivables/credit rights arising from the ESC, which will belong to ReCap Solar Colombia SAS.

2020-09-03

Campaign extension

The promoter decided to extend the campaign until 18/10/2020, so that more people can invest.

2020-09-03

Campaign extension

The promoter decided to extend the campaign until 18/10/2020, so that more people can invest.