Share
150.000 €
Settled by the promoter
Decarbonizing Colombia
Boyacá, Barranquilla, CO
instalment
quarterly
term
3 years
yearly interest
7%
risk rating
B-
Refinancing solar energy for self-consumption.
Description
Recap is a Swedish organization 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:
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
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:
- 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:
- 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 generating 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.
Impact Indicators
188,7 t
CO2 avoided per year
485,1
MWh clean energy
Contribution to the Sustainable
Development Goals
Sustainable Development Goals
.f6a61f4.png)
.b54aa7b.png)
.628b215.png)
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 cover the operations required for the development and management of the project.
Download Key Investment Information Sheet
The Promoter
About Recap Solar Fund II AB
The Recap Solar Fund II AB is part of the Recap Energy, an organization with the mission to bridge the gap between institutional capital and profitable clean energy projects globally, contributing to a more sustainable future
Recap was founded in 2010, initially as a consulting firm for sustainable finance. Since then, the company has evolved and started to offer Energy as a Service (EaaS) solutions to C&I clients in 2016.
With a technical team in Tenerife, Recap started the deployment of its EaaS business in Spain, initially focused on the Canary Islands, but soon after also mainland Spain and Portugal.
The expansion did not stop there, as Recap created the Colombian and Nordic (2018), Brazilian (2019), and Indian (2020) subsidiaries offering similar EaaS solutions.
Recap is constantly expanding geographically, in new and established markets, but also broadening the scope of energy and storage technologies and financial options to its clients.
At the moment, Recap has three women among its shareholders and one woman sitting on the company’s board.
Currently, the total developed capacity by region is:
- Nordics (Sweden) - Ground mounted: 220 MW, Energy storage: 31.5 MW
- Colombia - Ground mounted: 43 MW, C&I / Distributed generation: 20.13 MW
- Spain - Ground mounted: 25 MW, C&I 19.1 MW
- Brazil - C&I / Distributed generation: 0.49 MW
- India - C&I: 0.05
Currently, Recap has 118 clients in Spain, Portugal, Sweden, India, and Latin America. The rooftop project sizes range from 10 kWp to 5MWp.
The Recap Energy provides customized energy solutions for its clients, which can include electric mobility, energy storage, and energy management systems.
Recap employees 51 people, nine are working in Colombia.
The team
Marco Berggren
More than 17 years of experience implementing and financing clean energy projects globally. Responsible for market strategy execution, partnerships and product development.
William Morales
Mechanical Engineer with extensive experience in leading multidisciplinary teams in areas of energy management from non-conventional sources.
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. The Recap Solar Fund II AB was created to serve the Colombian market soon after.
At the moment, Recap Solar Fund II AB has 21 clients in Colombia.
Active since
2018
Fiscal country
SE
Operating In
Brazil, Colombia and Spain
Industry
Investment
Number of Goparity Loans
11
Women Shareholders
Yes
Website
https://www.recap.se/Updates
2024-08-02
Project End
This project has successfully reached its payments plan maturity. All investors have received their full capital invested and interest. Nevertheless, its impact will keep growing for many more years!
2021-11-02
First payment
First instalment was paid to all the investors
2021-07-30
100% funded
624 investors successfully raised 150.000€
2021-07-19
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€.
2021-07-14
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
4º Esq
1070-289 Lisboa
Portugal
© 2024 Goparity
GOPARITY (www.goparity.com) is a platform of crowdfunding by loans (crowdlending) managed and owned by Power Parity, SA, a public limited company, with number 514373822, and registered office at Travessa de São Pedro, nº 8, 1200 Lisboa (Portugal), licensed by the regulator and supervisor CMVM (Portuguese Securities Market Commission), under Regulation (EU) 2020/1503 (European Crowdfunding Regulation).
The payment services available through the platform are provided by MangoPay SA, a registered electronic money institution based in Luxembourg and supervised by the CSFF (Commission de Surveillance du Secteur Financier), registered with Banco Portugal (the Portuguese regulator) under no. 7830.
Investments in crowdlending carry a risk of partial or total loss of the funds invested. The return on your investment depends on the project's success developed through the campaign in which you invest. Your investment is not covered by the deposit guarantee schemes established by Directive 2014/49/EU nor by the investor compensation schemes established by Directive 97/9/EU. Please consider all risks before investing and carefully read the Key Investment Information Sheet (KIIS) provided to you before investing.