ReCap Solar Brazil

Two solar power plants for self-consumption in Brazil.

Resumen de la inversión

Categoría de impacto

Energía sostenible

Tipo de inversión

Préstamo

Interés anual

5.8

Plazo

meses

Nivel de riesgo

B-

The goal of this campaign is to finance two solar photovoltaic projects in the Brazilian states of Rio de Janeiro and Santa Catarina.

The project promoter is the ReCap Group, an organisation with over 10 years of experience in renewable energy and energy efficiency projects.

Here are some of the main features of the projects:

Multi Open Shopping

Multi Open Shopping is located in beautiful Florianópolis, a city in the south of Brazil. This commercial complex was inaugurated in 2018 and has over 30 stores and restaurants and 155 office rooms.

Since its creation, sustainability has always been an important aspect of Multi Open Shopping. This reflects in initiatives such as its own sewage treatment plant; a system to collect rainwater which is then used for cleaning, irrigation, and toilets; Plastic usage avoidance (for example, by not offering plastic straws or cups); and the development of the Movement MULTI Mercado Verde, which promotes a sustainable economy, strengthening responsible consumption and production.

The solar PV plant installation was completed this April and is just awaiting the approval for grid connection, which has been delayed due to COVID-19, but shall happen very soon. The PV plant has the following technical characteristics:

Installed capacity: 26,25 kWp
Estimated annual production: 32.772 kWh per year
Annual CO2 reduction forecast: 13,11 tons per year (approximately the emissions of a passenger gasoline car when travelling 97.111 km)

The shopping mall project will be re-financed with this campaign. The capital that ReCap has invested in the project will be used for further expansion in the Brazilian market.

Americano Futebol Clube – Brazil

Americano Futebol Clube is a nonprofit organisation based in Campos de Guaytacazes, a city in the state of Rio de Janeiro, Brazil. Founded in 1914, Americano is more than just a football club for its surrounding community. Besides football, the club has facilities for practicing other Olympic and Paralympic sports, as well as being a promoter of social, educational, and cultural activities. After their old stadium was demolished in 2014, a new one is being built which will have capacity for around eleven thousand people. The new stadium will be located next to its current training centre where the solar PV plant will be installed. The system will have the following technical characteristics:

Installed capacity: 29,92 kWp
Estimated annual production: 42.308 kWh per year
Annual CO2 reduction forecast: 16,92 tons per year (approximately the emissions of a passenger gasoline car when traveling 125.333 km)

The plant will be built as soon as the campaign is over and the funds are released.

¿Cuál es el impacto?

Direct:

The two projects have a direct impact on CO2 reduction. By producing 75.080 KWh a year, they will avoid the emission of 30 tons of CO2 per year, the equivalent to planting 1.364 trees and to the annual consumption of 20 European households. Besides this, both companies will lower their electricity costs.

There are also some indirect impacts worth mentioning – the two projects will raise awareness on the use of renewable energy once both facilities receive a significant number of people a year.

Indicadores de impacto
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30000

CO2 avoided per year

75000

KWh

clean energy

Contribución a los Objetivos de Desarrollo Sostenible
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Sobre el promotor

About

Recap Solar Fund III AB

El Recap Solar Fund III forma parte de Recap Energy AB, una organización fundada en 2010 con la misión de proporcionar soluciones de energía limpia flexibles, personalizadas y totalmente financiadas a los clientes C&I.

Desde 2016, Recap se ha centrado en proporcionar energía solar como un servicio (EaaS). La empresa tiene su sede en Estocolmo, Suecia, y sucursales en España (que también sirve al mercado portugués), Colombia, Brasil e India.

Recap tiene tres líneas de negocio principales:

C&I - Rooftop Solar (techos solares): especializada en proyectos solares de autoconsumo.
Almacenamiento de Battery-as-a-Service (energía con baterías): proporcionando una serie de beneficios para los clientes de C&I, tales como la reducción de picos de consumo, aumento de la capacidad disponible, resiliencia y UPS, así como servicios de red.
Desarrollo de instalaciones solares fotovoltaicas en suelo: y suministro de PPA corporativos a clientes de C&I.

La empresa cuenta actualmente con 40 empleados a tiempo completo. Recap tiene 297 MW desarrollados o en desarrollo, tanto en instalaciones solares fotovoltaicas en techo como en suelo, y recientemente firmó un contrato pionero de almacenamiento de energía de 3,3 MW.

Sitio web del promotor

https://www.recapenergy.com/

Equipo

[{"id":38,"promoter_id":174,"name":"Felipe Borschiver","description":"Felipe Borschiver is Recap's Country Manager for Brazil, based in Rio de Janeiro, where he manages the development of Recap's national energy portfolio. His experience lies in structured finance, distributed energy, and land-use projects.\r\n\r\nBefore joining Recap, Felipe worked for IP Capital Partners and founded/managed Archipelago Partners, both asset management companies focused on long-term equity investments in Brazil. He has extensive experience in financial analysis and assessment of governance and incentive frameworks and structuring financial products. Felipe holds an Economics degree from the University of Rio de Janeiro and a master in Sustainable Finance from the COPPEAD School of Management (UFRJ).","link":"https://www.linkedin.com/in/felipe-borschiver-9664b97/","role":"Country Manager Brazil","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/636/3be/2d8/6363be2d81343123215625.jpg","avatar_id":69549},{"id":39,"promoter_id":174,"name":"Marco Berggren","description":"More than 17 years of experience implementing and financing clean energy projects globally. Responsible for market strategy execution, partnerships and product development.","link":"https://www.linkedin.com/in/marco-berggren-1797784/","role":"Founder & CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/636/3be/f6f/6363bef6f2d34142539431.jpg","avatar_id":69551},{"id":40,"promoter_id":174,"name":"Eduardo Rechden","description":"Eduardo holds a Master in Environmental Management and Policy, from Lunds Universitet and a Master in Environmental Management, from Universidad de Sevilla. He is specialized in Solar and renewable energy, CSR and Stakeholder assessments, waste management and urban environmental management.","link":"https://www.linkedin.com/in/eduardo-rechden/","role":"COO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/636/3c0/8ae/6363c08ae7cd9388721147.jpg","avatar_id":69552}]

Modelo de negocio
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