sustainable_energy svg

150.000 €

funded by 777 investors

Decarbonizing Colombia

Location Pin Svg

Boyacá, Barranquilla, CO

Refinancing solar energy for self-consumption.



3 years



a year



Recap is a Swedish organisation with over 10 years of experience in renewable energy and energy efficiency projects. This is the first campaign of a series of campaigns aimed at refinancing several solar energy projects in Colombia, with a total investment of two million euros.

This is the third project promoted by the group with GoParity, after launching one successful campaign to fund two solar power plants in Brazil (our first international project) and another to fund two solar power plants for self-consumption in Colombia.

The funds raised through this campaign will be used to fund the following projects:

Lácteos Campo Real

Based in Sotaquirá (Boyacá) Lácteos Campo Real has been in the market for 17 years, producing unique and 100% natural cheeses without preservatives or chemicals. The processes are managed by skilled craftsmen, respecting the raw materials, and preserving the ancestral tradition of cheese making.

The photovoltaic plant was installed over a car park structure, and it is connected to the grid since May 2021. It will have the following characteristics:

  • Installed capacity: 24 kWp
  • Estimated yearly production: 36,2 MWh
  • Yearly CO2 reduction: 14,07 tons (It takes 640 adult trees to absorb this amount annually).
  • Contract term: 18 years
  • Installer: Senergysol

CC Nuestro Atlántico

C.C. Nuestro Atlántico is a shopping centre located in the coastal city of Barranquilla in Colombia. The shopping centre opened 4 years ago and has a football court, cinema, fitness space, live music and numerous restaurants and shops.

The photovoltaic plant is connected to the grid since June 2021. It will have the following characteristics:

  • Installed capacity: 320.40 kWp
  • Estimated yearly production: 448,9 MWh
  • Yearly CO2 reduction: 174,6 tons (It takes 7938 adult trees to absorb this amount annually).
  • Contract term: 20 years
  • Installer: Solenium

The Impact

Direct environmental impact

Contribution to the decarbonization in Colombia, avoiding CO2 emission: with a clean energy production of 485,1 MWh per year, both solar installations will avoid the emission of 188,7 tons of CO2 every year. That is equivalent to planting 8.577 trees. The shopping centre Nuestro Atlántico is responsible, alone, for the reduction of emissions equivalent to 7.937 trees.

Indirect Impact

  • Promotion of local supply chain: the Lacteos Campo Real produces artisanal cheese made without chemicals and preservatives, strengthening the role of local milk producers and suppliers in the region of Sotaquirá (Boyacá) in Colombia.

  • Promotion of positive social and environmental impact in the region: the Lacteos Campo Real is a certified BIC company in Colombia – a Benefit and Collective Interest Corporation. This means that the company and its members commit to generate positive social and environmental impact as a core element of the business, beyond profit. They pay special attention to the role of women in the whole supply chain, and the main manager is a woman.

  • Promotion of a transition towards sustainable and efficient resource use: the installation of a solar plant in a shopping centre Nuestro Atlántico is an example of the applicability of solar power for bigger businesses, setting a benchmark for this segment in Colombia.

Metrics Svg

188,7 t

CO2 avoided per year

Metrics Svg


MWh clean energy

Sustainable Development Goals

7 image
9 image
12 image

Financial viability

Recap in cooperation with local installers has installed the panels and will be responsible for their operation. The promoter will remain as the owner of the solar system, charging the client for the energy produced.

A PPA (Power Purchase Agreement) is a long-term agreement, for the purchase and sale of clean energy established between a renewable energy producer (in this case Recap) and the entity that consumes electricity (in this case, Lácteos Campo Real and CC Nuetro Atlántico). The institutions will therefore reduce their consumption of energy from the national electricity grid, substituting for the energy from the solar systems installed.

In turn, Recap will sell the energy at a discount after the installation of the panels. After an established period (18 years for Lacteos Campo Real and 20 years for CC Nuestro Atlántico), the panels will become the property of the institutions. In exchange for the benefits provided by the solar PV system, the client pays Recap a monthly fee defined on the contract terms.

The fee is based on the prices charged by the local utility, over which the client is granted a discount (a fixed price PPA indexed by inflation for CC Atlántico - around 25%; and a fixed discount of 17% for Lácteos Campo Real). In this sense, the end clients 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.

PDF Logo Svg

Key Investment Information Sheet

Download Svg


The Promoter

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 its 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.

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: 9,7 MWp (rooftop) + 25 MWp groundmounted
  • Colombia: 3,36 MWp
  • Brazil: 55 kWp
  • Portugal: 134 kWp

Currently, Recap has 64 clients in Spain, Portugal and Latin America. The project sizes range from 10 kWp to 2.3MWp.

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

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 benefits from clean energy at prices 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, having created its subsidiary in India in December 2020 and entered the Portuguese market with its first project contracted in July 2021.

Active since


Fiscal country


Operating In

Brazil, Colombia, Spain and Sweden


Renewable energy

Number of GoParity Loans


Women Shareholders





100% funded

624 investors successfully raised 150.000€


Crowdlenging value increase

Given that the campaign has been a success so far, and keeping in mind that the promoter aims to raise 2M€ in the future, it was decided to increase the crowdfunding value to 150.000€.


Open for investment

This campaign will help avoid the emission of 189 tons of CO2 per year

Sign up to our newsletter and stay up-to-date on our investment opportunities

Go Parity Logo Text

GoParity is an impact investment platform that connects companies looking to finance their sustainable projects, with individuals and entities who want to invest sustainably. We are growing fast, both in terms of size and impact generated. We were born in Oporto in 2017, but have since grown to finance project in several countries around the world, with the help of a growing community of investors from around the world.

Tv. de São Pedro 8
1200-432 Lisboa
Facebook Icon
Twitter Icon
Instagram Icon
Language SVG

© 2021 GoParity

Part or all of your original invested capital may be at risk and the return on your investment depends on the success of the project invested in. Consider all risks before investing and read the Key Investment Information Sheet (KIIS) for each investment, available at Power Parity, Lda is a crowdlending platform authorized and supervised by CMVM (Portuguese Securities Commission). All payments, transfers and funds collection are assured by MangoPay SA, an electronic payments institution authorized and supervised by CSFF (Luxembourg Financial Authority) under the nº 8711.